It is a scam, but it's no more of a scam than that ass-clown that wears those goofy glasses & question-mark jackets telling you how to get gov't grants - I'd bet that they did do everything that they promised you they'd so, but they overcharged you by about 10,000%.
And it's not just PE Cash - they can sign you up to Flynt Digital, CE Cash, Vivid & more - they can upload FPA's & splash pages & buy ads for you are very crappy places - you can do all this yourself & there's really no need to pay someone to do it.
These scumbags just prey on people that are gullible enough to believe that them spending 30 minutes filling out forms is worth $264
stanteau - there are 100's of places that will offer help to you for free (your reading one of them now) Nothing is free & everyone pays for something (hosting, content, etc) but how much you pay and, in this case, how much you pay others to do what are basically normal everyday tasks for a webmaster, is what you have to watch out for.
I'd bitch up a storm with them - make then prove your money went to what they say it went to, but in the end, you'll probably end up with a $264 lesson in how to not do business