The U.S. Department of Justice, on behalf of the Federal Trade Commission, and the Wisconsin Attorney General, filed suit against Consumer Law Protection and related companies, along with their owners and operators, Christopher Carroll, George Reed, Louann Reed, Scott Jackson, and Eduardo Balderas for scamming consumers—mostly older adults—out of more than $90 million in a massive timeshare exit scam.
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New Analysis Finds Consumers Reported Losing More than $1 Billion in Cryptocurrency to Scams since 2021
Federal Trade Commission Cracks Down on Warrior Trading For Misleading Consumers With False Investment Promises
Online Investment Site to Pay More Than $2.4 Million for Bogus Stock Earnings Claims and Hard-to-Cancel Subscription Charges
Remarks of Chair Lina M. Khan Regarding the Advance Notice of Proposed Rulemaking on Earnings Claims
Operators of Investment Coaching Scheme Banned from Industry and Ordered to Pay Millions in Redress to Defrauded Consumers
FTC Sends Full Refunds Totaling Over $2 Million to Consumers who Lost Money Through Deceptive Direct Mail Publications Scheme
Funder and Servicer of Online Trading Academy Payment Plans Will Forgive Debt in Settlement with FTC
Federal Trade Commission Sending Refunds to More than 31,000 Consumers Allegedly Defrauded by Online Training Academy
Publisher Will Pay More Than $2 Million to Settle FTC Charges That It Targeted Seniors with Phony Diabetes Cure and Money Making Schemes
FTC Acts to Stop Nevada Companies From Charging Consumers Thousands To Open Credit Cards To Pay For Training Schemes
At FTC’s Request, Court Finalizes Orders and Monetary Judgments against Ringleaders of the Sanctuary Belize Real Estate Investment Scheme
In November 2018, the FTC announced that a federal district court in Maryland issued an order temporarily shutting down the largest overseas real estate investment scam the FTC has ever targeted. According to the FTC, the scam was established by Andris Pukke, a recidivist scammer currently living in California, and he perpetuated it even while serving a prison sentence for obstruction of justice. The alleged scheme took in more than $100 million, marketing lots in what supposedly would become a luxury development in Central America known by several names, including Sanctuary Belize, Sanctuary Bay, and The Reserve. In late August 2020, a district court ruled in the FTC’s favor, and BCP Director Andrew Smith issued a public statement on the memorandum opinion.
In January 2021, a federal district court entered final orders against the three primary individual defendants—Andris Pukke, Peter Baker, and Luke Chadwick, and related corporations—in the FTC’s’s case involving the allegedly deceptive sale of real estate properties in Belize to U.S. consumers. The orders finalize a September 2020 memorandum opinion requiring Pukke and Baker jointly to pay $120.2 million to the Commission with Chadwick also jointly responsible for $91.9 million of that amount.
Ten Individual and Corporate Defendants Settle FTC Charges that They Participated in, Controlled, or Benefitted from the Sanctuary Belize Real Estate Scam
FTC Settlement Requires Online Trading Academy to Forgive Consumer Debt, and Principals to Turn Over Millions in Cash and Assets
Statement of FTC Bureau of Consumer Protection Director Andrew Smith on the Memorandum Opinion Issued by U.S. District Court Judge Peter J. Messitte in the Matter of In re Sanctuary Belize Litigation
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