I would suggest that you get your credit card/bank involved ASAP. Usually they will investigate the company and the charge and in this case, it is clear that it is fraudulent. One thing that we were worried about is that we had agreed to the FREE subscription of the magazine, and if that could be interpreted as an agreement for the paid subscription. However after researching about oral contracts, certain criteria must be met. This is what I found online about oral contracts :
Written contracts are usually obvious. What aren't as obvious are the contracts that we form when we speak with each other.
If you agree to do something, sell something, or buy something and someone else acts on your statement, you may have formed an enforceable contract. Things can get a bit tricky though since rules vary about what contracts can be formed verbally.
If someone does act on your statement, a contract has still not been formed if:
1. You have agreed to do something that is illegal. You cannot enforce a contract to do something that is a violation of any local, state, or federal law.
2. If the terms of the agreement were not specified. If an amount or a specific action was not indicated, you don't have a contract.
3. If one or both parties were mistaken about a fundamental part of the agreement (ex. I agreed to purchase your stereo but I thought we were talking about the big one and you thought we were talking about the small one)
4. The subject or terms of the agreement are prohibited under the law. (examples: real estate contracts must be in writing and credit card companies cannot charge 50% annual interest)
I think that anyone who tries to get out of this scam will most likely be successful, just get your bank account involved and do lots of research!