I-Team: 'Techsmart' targets military with special financing - Chicago News and Weather | FOX 32 News

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>>

  • RAW VIDEO: I-Team's undercover visit to Boggs Mountain

    RAW VIDEO: I-Team's undercover visit to Boggs Mountain

    Thursday, April 24 2014 1:43 PM EDT2014-04-24 17:43:54 GMT
    Trial is set May 12 in Rabun County for a case uncovered by the Fox 5 I-Team that continues to trouble animal lovers across the country. Lowanda "Peanut" Kilby faces 60 counts including theft by taking, theft by deception and racketeering.
    Trial is set May 12 in Rabun County for a case uncovered by the Fox 5 I-Team that continues to trouble animal lovers across the country. Lowanda "Peanut" Kilby faces 60 counts including theft by taking, theft by deception and racketeering.
  • Identity Protection Bill Signed into Law

    Identity Protection Bill Signed into Law

    Thursday, April 24 2014 11:28 AM EDT2014-04-24 15:28:15 GMT
    With a stroke of the governor's pen, a new law that could help protect your identity now goes into effect. Republican State Senator John Albers says his bill, now law, will prohibit public disclosure of private information in court documents.
    With a stroke of the governor's pen, a new law that could help protect your identity now goes into effect. Republican State Senator John Albers says his bill, now law, will prohibit public disclosure of private information in court documents.
  • Fox 5 I-Team

    Cheap vs. Frugal

    Cheap vs. Frugal

    Wednesday, April 23 2014 9:15 AM EDT2014-04-23 13:15:25 GMT
    There is nothing wrong with saving a buck, but can you cross the line? There is a difference between being cheap and being frugal.
    There is nothing wrong with saving a buck, but can you cross the line? There is a difference between being cheap and being frugal.
  • 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>>

  • Hidden Treasures: April 24

    Hidden Treasures: April 24

    Thursday, April 24 2014 9:32 AM EDT2014-04-24 13:32:15 GMT
    We asked you to share your hidden treasures with us, and boy, did you ever! We got dozens of emails from viewers who wanted to know what the items they had stashed away are worth.
    We asked you to share your hidden treasures with us, and boy, did you ever! We got dozens of emails from viewers who wanted to know what the items they had stashed away are worth.
  • Weekend Event Celebrates "Anything With A Motor In It"

    Weekend Event Celebrates "Anything With A Motor In It"

    Thursday, April 24 2014 9:10 AM EDT2014-04-24 13:10:13 GMT
    If you spend your days fixing up cars, reading car magazine, and dreaming about that car you've always wanted...you might be a car enthusiast.
    If you spend your days fixing up cars, reading car magazine, and dreaming about that car you've always wanted...you might be a car enthusiast.
  • Safely restrain pets with the PupSaver

    Safely restrain pets with the PupSaver

    Thursday, April 24 2014 8:07 AM EDT2014-04-24 12:07:29 GMT
    Most people treat their dogs just like their children. However, when it comes to dog safety in the vehicle, many drivers are buckling the children up but not safely restraining their pets.
    Most people treat their dogs just like their children. However, when it comes to dog safety in the vehicle, many drivers are buckling the children up but not safely restraining their pets.
Powered by WorldNow

205 N. Michigan Avenue
Ground Floor
Chicago, IL 60601
Station Operator: (312) 565-5532
Newsroom: (312)565-5533

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