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Seek Capital

The Â鶹´«Ã½ Trade Commission is taking action against Seek Capital and its founder and CEO, Roy Ferman, for operating a bogus business finance scheme that cost small business owners more than $37 million.

According to a complaint filed by the FTC, the company has targeted new and aspiring small business owners looking for loans or lines of credit to open or grow their businesses. While the company’s advertising implies that business owners would have access to cash, instead Seek charges clients thousands of dollars simply to open credit cards in the owners’ names.

Type of Action
Â鶹´«Ã½
Last Updated
Docket Number
2:24-cv-09511
Case Status
Pending

H&R Block, In the Matter of

The Â鶹´«Ã½ Trade Commission is taking action against tax preparation company H&R Block for unfairly deleting consumers’ tax data and requiring them to contact customer service when they downgrade to more affordable online products, and deceptively marketing their products as “free†when they were not free for many consumers. These practices cost consumers time and money.

A proposed FTC settlement would stop H&R Block from unfairly requiring consumers seeking to downgrade to a cheaper H&R Block product to contact customer service, from unfairly deleting users' previously entered data and from making deceptive claims about “free†tax filing.

The tax-filing company has agreed to a proposed settlement that will require the company to make a number of changes for the 2025 tax filing season in addition to longer-term changes. The settlement would also require the company to pay $7 million to the FTC to be used to redress consumers harmed by the company’s unlawful practices.

Type of Action
Administrative
Last Updated
Docket Number
9427
Case Status
Pending

Facebook, Inc., In the Matter of

The FTC alleged that Facebook violated its privacy promises to consumers and subsequently violated a 2012 Commission order.

Type of Action
Administrative
Last Updated
FTC Matter/File Number
092 3184
182 3109
C-4365