I-Team: 'Techsmart' targets military with special financing - FOX 35 News Orlando

I-Team: 'Techsmart' targets military with special financing

Posted: Updated:

A California-based electronics company gets kicked out of Georgia.  The state says the company was taking advantage of soldiers and can no longer do business here.

According to the Governor's Office of Consumer Protection, members of the military were the target.

This company, which is called Techsmart, sells electronics like iPods, laptops and TVs to military personnel -- advertising to them special "military financing."  But state investigators say, there is nothing smart about these deals at all.

First, the state finds that Techsmart offers prices that are sometimes twice as much as the actual retail price.

For example, a 32-gig iPod at Techsmart was selling for $600, when in fact Apple's web site says their suggested retail price is only $299.

Here's another one: A Samsung Smart TV was nearly $3,000 at Techsmart ($2999), but Samsung will sell it to you for $1,799.99.

But head of consumer protection John Sours says what really got the company in big trouble was failing to disclose hidden finance charges. In a settlement, the company agreed to stop doing business in Georgia. 

While Techsmart management does not admit any guilt, it does agree to pay fines. There is a civil penalty of $50,000 and $157,000 in restitution to some military folks who paid a really high price for some high tech items. 

A quick note: if you search "Techsmart," a lot of company names come up.  We are talking about the online site selling to military families, and their web site is www.techsmartstore.com (a slight difference in their name).

CLICK ON THE VIDEO PLAYER ABOVE TO SEE THIS FULL REPORT!

  • I-Team Story ArchiveMore>>

  • Get Financially Fit: A Step-By-Step Plan

    Get Financially Fit: A Step-By-Step Plan

    Monday, April 14 2014 9:15 AM EDT2014-04-14 13:15:13 GMT
    April is Financial Literacy Month, so it's time to think about getting financially fit.  Let's start with two questions. Do you know how much you spend each month?  How much of your check should you save?
    April is Financial Literacy Month, so it's time to think about getting financially fit.  Let's start with two questions:  Do you know how much you spend each month?  How much of your check should you save?
  • FOX 5 I-Team

    DON'T MISS: Tax Deductions and Credits

    DON'T MISS: Tax Deductions and Credits

    Friday, April 11 2014 8:48 AM EDT2014-04-11 12:48:55 GMT
    Let's finish up our tax time filing tips that we've offered this season with a quick look at deductions and credits too many folks forget.
    Let's finish up our tax time filing tips that we've offered this season with a quick look at deductions and credits too many folks forget.
  • 'Call for Action' Success

    'Call for Action' Success

    Wednesday, April 9 2014 1:47 PM EDT2014-04-09 17:47:22 GMT
    A Fox 5 viewer got frustrated after the county tore up his yard then left the mess.  So, he turned to our "Call for Action" team for help.  And he got it.  This viewer says for months on end he had to
    A Fox 5 viewer got frustrated after the county tore up his yard then left the mess.  So, he turned to our "Call for Action" team for help.  And he got it. 
  • Contact the FOX 5 I-Team

    * denotes required fields

    We're sorry, but only one entry is allowed per person.
    Thank you for your continued interest.

    Thanks for contacting FOX 5.  To reach our newsroom by phone, please call (404) 898-0100.

  • Good Day ArchiveMore>>

  • 2014 Tax Day freebies and more

    2014 Tax Day freebies and more

    Tuesday, April 15 2014 12:09 PM EDT2014-04-15 16:09:24 GMT
    Have you filed your taxes? Today is the final day to file your 2013 IRS tax return. And some local businesses are offering freebies and deals to those who filed on time.
    Have you filed your taxes? Today is the final day to file your 2013 IRS tax return. And some local businesses are offering freebies and deals to those who filed on time.
  • What's Happening: College2Career Fair at Cobb Galleria

    What's Happening: College2Career Fair at Cobb Galleria

    Tuesday, April 15 2014 10:39 AM EDT2014-04-15 14:39:57 GMT
    If you are a college student looking for a job you can head over to the Cobb Galleria on Tuesday. There is a huge career fair to help students transition into the workforce.
    If you are a college student looking for a job you can head over to the Cobb Galleria on Tuesday. There is a huge career fair to help students transition into the workforce.
  • FOX Medical Team

    Helping teens when their college choice says "NO"

    Helping teens when their college choice says "NO"

    Tuesday, April 15 2014 10:17 AM EDT2014-04-15 14:17:59 GMT
    For many teens, the college application process is their first real taste of a the high-stakes, high pressure world of adulthood.
    For many teens, the college application process is their first real taste of a the high-stakes, high pressure world of adulthood.
Powered by WorldNow

35 Skyline Drive
Lake Mary, FL 32746

Phone: (407) 644-3535
News Tips: (866) 55-FOX35

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices