Jun 20, 2017 10:42 AM
NH AG warns tax-free money from tobacco settlement ad too good to be true
New Hampshire Attorney General Gordon J. MacDonald and Revenue Commissioner John T. Beardmore are warning of an online advertisement that is misleading people with the promise of tax-free money.
The online advertisement claims that consumers may be eligible for tobacco settlement money. The ad promises a tax-free portion of settlement money from the Tobacco Master Settlement Agreement.
Once the ad ends, its prompts the interested people to sign up for a subscription to learn more about how to claim the money. A subscription that may be difficult to cancel, according to the attorney general's office.
The Tobacco Master Settlement Agreement was an agreement between the four largest tobacco companies, 46 states, and D.C. The money from the settlement was paid to the states, including New Hampshire, for various purposes, none of which were payments to individual citizens.
Consumers with concerns about this or other consumer issues can call the Attorney General’s consumer hotline at (888) 468-4454 or file a complaint on the New Hampshire DOJ website.