More than 1,300 military members in North Carolina are in the clear after an electronics scheme.
The Attorney General's Office has secured a nearly $7 million settlement with Rome Finance as the result of a multi-year investigation.
The company financed debts for purchases of computers, gaming systems, and other electronics, including those sold by SmartBuy, which had stores near Fort Bragg and Camp Lejeune.
Attorney General Roy Cooper said SmartBuy targeted military members and tricked them into paying inflated prices and to signing a confusing finance agreement.
The victims' debt will be forgiven and their credit cleared.
"Members of our military make so many sacrifices to protect our nation, and they deserve protection from scams and bad deals," said Cooper. "This settlement cleans the slate for military consumers tricked into bad financing deals on overpriced electronics and sends a strong message to illegal debt lenders."
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