IOWA CITY, Iowa (AP) — More than 400,000 Iowans who were tricked into signing up for buying club memberships will be eligible for refunds ranging from $6 to hundreds of dollars or more.
Iowa Attorney General Tom Miller announced Tuesday that refund notices are being sent to Iowans who had memberships with Connecticut-based Vertrue Inc. and two other buying clubs.
The $40 million refund is the culmination of Miller's 11-year investigation and prosecution of Vertrue, which was found to have tricked Iowans into buying 864,000 memberships dating back to 1989. Most of the memberships weren't used.
Miller says the checks will be sent later this year, likely between October and December. Des Moines man Richard Schulz says he expects to receive $1,500 in refunds from Vertrue after he unknowingly had a paid membership for years.