NEW YORK -- A company that sold Sept. 11 commemorative coins supposedly containing silver from ground zero has agreed to pay $750,000 to settle charges that it deceived consumers.
The Federal Trade Commission says Port Chester, N.Y.-based National Collector's Mint charged customers for items they never ordered and failed to identify its wares as imitations.
A law passed in 2010 created an official Sept. 11 medal to benefit the museum being built at the World Trade Center site.
The FTC said in a release Thursday the agreement bars National Mint from misrepresenting its products. It's subject to court approval.
Schumer said Saturday that the nation will not tolerate a "despicable scam."
The company couldn't immediately be reached for comment.
Comments