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Â鶹´«Ã½ Trade Commission Announces Final Rule Banning Fake Reviews and Testimonials
FTC Approves Final New HISA Oversight Rule
FTC Action Leads to Sweepstakes Ban for Individual Who Helped Run Massive Scheme that Cost Consumers Millions
FTC Action Leads to Settlement Against Two Defendants Who Operated Business Opportunity Scheme That Took Millions from Consumers
FBA Machine/Passive Scaling, FTC v.
Career Step, LLC, FTC v.
In July 2024, the FTC announced that online career-training company, Career Step, LLC has been ordered to pay $43.5 million in debt cancellation and cash to resolve charges brought by the Â鶹´«Ã½ Trade Commission that alleged the company lured consumers, specifically servicemembers and their families, with deceptive ads that falsely touted inflated employment outcomes, job placement, and partnerships with prominent companies.
Career Step will pay $27.8 million in debt cancellation and $15.7 million in cash that will be used to provide redress to consumers who were harmed by its deceptive advertising.
FTC Sends Nearly $1.9 Million in Refunds to Customers Harmed by Hey Dude’s Violations of the Mail Order Rule
FTC Action Leads to Permanent Bans for Scammers Behind Sprawling Credit Repair Pyramid Scheme
Financial Education Services
The Â鶹´«Ã½ Trade Commission has taken action against Financial Education Services and its owners, Parimal Naik, Michael Toloff, Christopher Toloff and Gerald Thompson, as well as a number of related companies, for scamming consumers out of more than $213 million.
In response to a complaint filed by the FTC, a federal court has temporarily shut down the sprawling bogus credit repair scheme. The FTC’s complaint alleges that the company preys on consumers with low credit scores by luring them in with the false promise of an easy fix and then recruiting them to join a pyramid scheme selling the same worthless credit repair services to others.
According to the FTC’s complaint, Michigan-based Financial Education Services, also doing business as United Wealth Services, has operated its scheme since at least 2015. The company claims to offer consumers the ability to remove negative information from credit reports and increase credit scores by hundreds of points, charging as much as $89 per month for their services. Their techniques, according to the complaint, are rarely effective and in many instances harm consumer’s credit scores.
FTC Investigation Leads to Lawsuit Against TikTok and ByteDance for Flagrantly Violating Children’s Privacy Law
FTC and Justice Department Host First Strike Force on Unfair and Illegal Pricing Meeting
FTC Submits Comment to FCC on Work to Protect Consumers from Potential Harmful Effects of AI
CarShield, Nationwide Seller of Vehicle Service Contracts, to Pay $10 Million to Resolve Â鶹´«Ã½ Trade Commission Charges of Deceptive Advertising
FTC Sends More Than $12 Million in Refunds to Consumers Harmed by Zurixx Real Estate Investment Coaching Scheme
Zurixx, LLC
The operators of a massive real estate investment coaching scheme face permanent bans and will pay approximately $12 million for consumer redress as part of a settlement in a lawsuit filed by the Â鶹´«Ã½ Trade Commission and the Utah Department of Commerce Division of Consumer Protection (UDCP).
The FTC and UDCP alleged that Zurixx, LLC, its owners Cristopher Cannon, James Carlson, and Jeffrey Spangler, and a number of associated companies operated a real estate investment coaching scheme that sold live seminars and telephone coaching using false earnings claims that convinced tens of thousands of consumers to pay them thousands or tens of thousands of dollars.
The Â鶹´«Ã½ Trade Commission is sending more than $12 million in refunds to consumers who paid Zurixx, LLC for a real estate investment training program that allegedly made empty promises about earning big profits by “flipping†houses.
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