FTC sends checks to people deceived by computer financing scheme
The FTC is sending a second round of checks to people who lost money to a scheme that offered to help them finance personal computers and other electronic devices.
The FTC first sued BlueHippo in 2008. According to the lawsuit, the company promised to finance new computers to its customers, collected money from them, then failed to provide the computers and to disclose key terms of the refund policy. Even after agreeing to a court settlement, the company continued these deceptive practices. The FTC sued the company, again, and won a lengthy court battle.
The FTC first sent checks for this matter in August 2021, which resulted in more than $51,000 in refunds. Because there is still money in the fund, the FTC is sending a second round of checks to everyone who cashed their first check.
If you get a check, please cash it within 90 days.
You can find answers to common questions about refund payments on our FAQ page. If you have any other questions, please call the refund administrator at 1-855-558-1233.