USAA reports worst military family scams of 2011.

For anyone not familiar with USAA, it is an Insurance, and now Banking, establishment created years ago to cater to US Military officer's needs. It has since expanded to serve all military and their families. It is, in my opinion, one of finest companies in America. Their member's periodical recently reported that the number 1 scam against the military in 2011 was a financing company associated with a national retail chain that purchased electronics equipment at warehouse clubs and then charged soldiers quadruple the retail price thru both inflated pricing and contracts filled with extraneous charges and shocking interest rates.

USAA did not name the companies, but stated that the NY Attorney General filed charges and caused the companies to settle many debts.

Doing a little searching on the net reveals that the companies are apparently based in Fayetteville, NC, with ties to a company in NY...which is likely how the NY Attorney General was able to act.

Here are the relevant articles mentioning the NC citizens apparently involved.. I encourage you to read the articles linked below and write our Attorney General asking for a full investigation.
www.consumeraffairs.com/news04/2010/05/ny_smartbuy2.html
www.bbb.org/us/article/military-sense-and-savings-more-on-smartbuy-20476
www.financialfraudlaw.com/lawblog/did-smartbuy-scam-members-military-ny-...
These folks lawyers say it's all a big mistake...or something like that. Here's the actual complaint filed: http://cdn.getoutofdebt.org/wp-content/uploads/SmartBuyLawsuit.pdf