WASHINGTON (8/3/15)--Consumers scammed by a phony credit card interest rate scam will receive 10,387 checks totaling more than $969,000 from the Federal Trade Commission (FTC), the agency announced last week.

According to the FTC, the average amount of each check will be roughly $92.

In June, the FTC sued Innovative Wealth Builders, a telemarketing operation that falsely promised consumers it could reduce their credit card interest rate and save thousands of dollars on debt.

The agency alleged the defendants made false claims to consumers about debt-reduction services and refund policies, and billed consumers without their consent.

In January 2013, the FTC requested through the U.S. District Court of Florida that Innovative Wealth Builders be shut down, a request that was honored.