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SettlementCritical RiskMultistate

CT AG Settles Harris Jewelry for $34M Over Deceptive Military Lending

Harris JewelryJuly 1, 2022Connecticut Attorney General

Penalty Amount

$34,000,000

Summary

Connecticut Attorney General announced a $34 million multistate settlement with Harris Jewelry for deceptive marketing and false promises to servicemembers, tricking them into high-interest loans for overpriced jewelry, with refunds and debt relief for affected consumers.

Remedy

Harris Jewelry provided refunds and debt relief to affected servicemembers.

Consumer Refunds

Contract Impact

In-house legal teams should review contracts with retailers and lenders to ensure they prohibit deceptive marketing, false promises about credit improvement, and unfair financing terms, with accurate disclosures and compliance with military consumer protection laws.

Contract Search Terms

deceptive marketingfalse promisesfinancing agreementscredit score claimsmilitary discountshigh-interest loansjewelry salesdebt reliefrefund policiesconsumer protection

Violation Types

Entity Details

Entity

Harris Jewelry

Industry

Retail

Multistate Coalition

Official Sources

Source Evidence

Entity Name
"Harris Jewelry"
Fine Amount
"$34 million"
Violation Types
"false promises of charity and deceptive marketing ploys"

Related Enforcement Actions

FTC

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$1.0M

Harris Jewelry defrauded servicemembers with deceptive marketing, inflated prices, and hidden fees. A multistate settlement requires $34.2 million in refunds and debt relief, stops debt collection, and dissolves the business, affecting over 46,000 servicemembers.

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