A Florida-based marketing company that sent out more than 42.5 million unwanted and deceptive text messages agreed last week to turn over all their remaining assets to the Federal Trade Commission and to stop sending the text messages, the FTC announced Tuesday.
In its complaint, the FTC said Rentbro, Inc and its principals Daniel Pessin and Jacob Engel sent text messages to millions of consumers saying they had been selected to receive $1,000 gift cards to retailers such as Best Buy, Target and Walmart.
The texts included a hyperlink where consumers would input a code and then had to sign up "for more than a dozen risky trial offers, none of which was free, to qualify for the promised “free” gift card," according to the FTC.
Rentbro was able to obtain $377,321 from the scam, according to the FTC. The agency must turn over all of their assets and the FTC imposed a partially suspended monetary judgment of $377,321.