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Press Releases
07/21/2022
Attorney General Tong Announces Multistate Agreement Recovering $34.2 Million for Thousands of U.S. Servicemembers Defrauded by Harris Jewelry
Harris Jewelry Required to Provide Refunds, Stop Collecting Debt, and Correct Bad Credit Scores for More Than 46,000 Servicemembers and Veterans Nationwide
(Hartford, CT) – Attorney General William Tong today announced a $34.2 million settlement between 18 states, the Federal Trade Commission (FTC) and Harris Jewelry that will provide refunds and relief to 46,000 servicemembers and veterans deceived and defrauded by the national jewelry retailer.
The jewelry company used false promises of charity and deceptive marketing ploys to lure active-duty servicemembers to their financing program, falsely claiming that investing in this program would improve servicemembers’ credit scores. Instead, servicemembers were tricked into obtaining high-interest loans on overpriced, poor-quality jewelry that saddled them with thousands of dollars of debt and worsened their credit. The agreement requires Harris Jewelry to refund tens of thousands of servicemembers for warranties they were tricked into purchasing, to stop collecting millions of dollars of debt, to correct bad credit scores, and dissolves all of Harris Jewelry’s businesses. This agreement also requires Harris Jewelry to pay $1 million to all 18 states.
Over 100 Connecticut…
