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One of the world’s largest marketing firms has agreed to pay $150 million to facilitate senior citizen fraud schemes, according to a press release issued Wednesday by Colorado U.S. Attorney Jason Dunn.

Epsilon Data Management LLC has reached a settlement with the Department of Justice and the U.S. Attorney’s Office for the District of Colorado regarding criminal information charging the company with one count of conspiracy to commit mail and wire fraud, says the press release.

Epsilon Data Management did not immediately respond to a request for comment.

Approximately $127 million of the total paid by Epsilon will go towards compensating victims of the fraudulent schemes that used consumer data sold by Epsilon. The marketing company also agreed to “significant compliance measures” to protect consumer data and prevent it from being sold to people engaged in fraudulent or deceptive marketing. Epsilon is also now required to maintain a procedure in which consumers can request that their information not be sold to third parties.

Epsilon is headquartered in Irving, Texas, but its main sales office is located in Westminster.

Epsilon admitted that from July 2008 to July 2017, its employees knowingly sold customer lists – over 30 million pieces of consumer data – to fraudulent customers. Epsilon has admitted selling to a number of mass mailing fraud schemes that send fake sweepstakes and astrology solicitations to consumers, stating that every consumer – largely targeting seniors and other people vulnerable – had won a major prize or individualized psychic service which he could obtain by paying a fee.

Victims who paid fees received nothing of value, the press release said.

Epsilon employees continued to sell the data to fraudulent customers despite knowing that these customers and similar customers had been arrested, charged with crimes, convicted, and otherwise subjected to law enforcement action for fraudulent practices. false and misleading, the press release said.

“Companies that sell information to consumers have a responsibility to avoid knowingly selling it to those who will use the data to defraud or defraud consumers,” Dunn wrote in the press release. “I hope other data companies will take note of this finding and be careful not to help fraudsters in the same way.”

Epsilon must now select and cover the costs of an independent claims administrator to distribute the $127.5 million to identified victims with established losses caused by fraud schemes using Epsilon data. Victims will be contacted directly.

More information on the amount of victim compensation and the distribution of funds will be posted at Victims of senior fraud schemes can also contact the National Senior Fraud Hotline at 833-372-8311.