Displaying 1 - 20 of 52
FTC Extends Public Comment Period on Potential Business Opportunity Rule Changes to January 31, 2023
Date
The Federal Trade Commission has voted to extend the public comment period for its advanced notice of proposed rulemaking on changes to the Business Opportunity Rule to January 31, 2023. A number of...
FTC Explores Changes, Possible Expansion of Its Business Opportunity Rule
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The Federal Trade Commission is exploring changes to the Business Opportunity Rule, seeking comment from the public on the rule’s effectiveness and a potential expansion to the rule to cover other...
DK Automation
The Federal Trade Commission is taking action against DK Automation and its owners, Kevin David Hulse and David Shawn Arnett for using unfounded claims of big returns to entice consumers into moneymaking schemes involving Amazon business packages, business coaching, and cryptocurrency. The FTC’s complaint alleges that the defendants promised consumers that they could “generate passive income on autopilot” when the truth was that few consumers ever made money from these schemes.
A proposed court order would require the defendants to turn over $2.6 million to be used to refund consumers harmed by their deception, as well as requiring them to stop their deceptive earnings pitches and follow the law.
Type of Action
Administrative
Last Updated
Case Status
Pending
FTC Takes Action to Stop DK Automation and Kevin David Hulse From Pitching Phony Amazon and Crypto Moneymaking Schemes
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The Federal Trade Commission is taking action against DK Automation and its owners, Kevin David Hulse and David Shawn Arnett for using unfounded claims of big returns to entice consumers into...
Federal Trade Commission Returns More Than $542,000 To Consumers Harmed by Bogus Money-Making Scheme Digital Income System
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The Federal Trade Commission is sending 1,064 checks totaling more than $542,000 to consumers who were harmed by a bogus business and investment scheme known as Digital Income System. Consumers who...
FTC Shuts Down Credit Repair Pyramid Scheme Financial Education Services, Which Bilked More Than $213 Million from Consumers
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The Federal 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...
FTC Acts to Shut Down ‘The Credit Game’ for Running a Bogus Credit Repair Scheme that Fleeced Consumers
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At the request of the Federal Trade Commission, a federal court has temporarily halted a bogus credit repair scheme known as The Credit Game for promoting a series of lies and deceptions. The FTC...
Federal Trade Commission Returns More Than $149 Million To Consumers Harmed by AdvoCare Pyramid Scheme
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The Federal Trade Commission is returning more than $149 million to AdvoCare distributors who lost money as a result of the AdvoCare pyramid scheme. The FTC sued AdvoCare in 2019, alleging that the...
Federal Register Notice
Electronic Payment Systems, LLC; Analysis of Proposed Consent Order To Aid Public Comment
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FTC Takes Action to Combat Bogus Money-Making Claims Used to Lure People into Dead-end Debt Traps
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The Federal Trade Commission launched a proceeding to challenge bogus money-making claims used to lure consumers, workers, and prospective entrepreneurs into risky business ventures that often turn...
Operators of Investment Coaching Scheme Banned from Industry and Ordered to Pay Millions in Redress to Defrauded Consumers
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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...
FTC Sues Burger Franchise Company That Targets Veterans and Others With False Promises and Misleading Documents
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The Federal Trade Commission has filed suit against fast-food chain Burgerim, accusing the chain and its owner, Oren Loni, of enticing more than 1,500 consumers to purchase franchises using false...
FTC Returns Additional $25 Million to Consumers Who Lost Money to Business Coaching Scam
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The Federal Trade Commission is returning an additional $25 million to consumers who lost money to a business coaching scheme that used the names Coaching Department and Apply Knowledge, among others...
FTC Puts Businesses on Notice that False Money-Making Claims Could Lead to Big Penalties
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The Federal Trade Commission is putting more than 1,100 businesses that pitch money-making ventures on notice that if they deceive or mislead consumers about potential earnings, the FTC won’t hesitate...
FTC Returns $1.1 Million to Consumers Who Lost Money to Alleged Scammers Selling Bogus Income Opportunities
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The Federal Trade Commission is returning more than $1.1 million to consumers who paid for an allegedly bogus money-making opportunity that called itself “8 Figure Dream Lifestyle.” The FTC sued 8...
FTC Returns $2M to Consumers Who Paid High Upfront Fees to Get “Funding” for Expensive, Ineffective Training Programs
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The Federal Trade Commission is sending 8,843 checks totaling more than $2 million to consumers who were harmed by a company that charged them money for “funding” to pay for expensive and often...
FTC and the State of Arkansas Charge Operators of “Blessing Loom” With Running an Illegal Pyramid Scheme
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The Federal Trade Commission and the state of Arkansas sued the operators of a “blessing loom” investment program, alleging that it has operated as an illegal pyramid scheme that bilked tens of...
FTC Obtains Court Order Banning Work-From-Home Scammer from Selling Business Opportunities and Using Robocalls
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The Federal Trade Commission has permanently banned an alleged work-from-home scammer from selling or promoting business opportunities and from using robocalls under the terms of a settlement.The FTC...
Displaying 1 - 20 of 52