American Express Accused of Fraud, Again

According to the Wall Street Journal, a judge has warned American Express to stop misleading the court about its business practices in a class-action lawsuit that claims AMEX has purposely overcharged customers for travel insurance since 1983 (nearly a quarter century ago).

American Express is a typical credit card company that fundamentally operates according to the founding principles of the American Debtors Prison. One of those principles is the inviolable assumption that anyone who defaults on their debts for any reason must be committing fraud, and is therefore legitimately subject to aggressive collections terrorism and denial of bankruptcy protection from creditor harassment.

Yet the company itself is now accused on behalf of five million customers of committing fraud, and has been admonished by the court to cease deception in that same case.

Remember that whenever AMEX's collections terrorists harass customers who have lost their jobs, become seriously injured or ill, or temporarily have difficulty paying their bills because they are busy dodging bullets, bombs and beheadings while serving the military in Iraq.

Tip: Visit the highly-rated website AMEX Sucks if you are among the millions of people who have been burned by American Express.

All the best,
Paul