Schneiderman Wins Second Settlement with Smartbuy

Attorney General Eric Schneiderman announced Monday his office has secured a $9.5 million settlement with Smartbuy, a retailer and financing firm based in North Carolina.

The company fraudulently charged thousands of soldiers who purchased electronics near Fort Drum and ruined their credit.

The Attorney General’s settlement will clear debt fraudulently charged to hundreds of New York soldiers at a shopping mall near Fort Drum and thousands of soldiers nationwide.

This is the second settlement the Attorney General has reached with Smartbuy and its affiliated companies, wiping out a total of $12.9 million in debt for service members.