Federal Register Notice
Agency Information Collection Activities; Prop. Collection; Comment Request; Extension (Business Opportunity Rule)
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FTC Sends Nearly $2.4 Million to Raging Bull Customers After the Company Agrees to Settle Charges of Bogus Earnings Claims
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The Federal Trade Commission is sending payments totaling nearly $2.4 million to consumers who paid subscription fees to the online stock trading site RagingBull.com, a company the FTC says used bogus...
Concurring Statement of Commissioner Christine S. Wilson Regarding WealthPress, Inc.
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By
Christine S. Wilson, Former Commissioner
Matter Number
212 3002
FTC Suit Requires Investment Advice Company WealthPress to Pay $1.7 Million for Deceiving Consumers
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As a result of a Federal Trade Commission lawsuit, investment advice company WealthPress has agreed to a proposed court order that would require it to refund more than $1.2 million to consumers and...
FTC Returns More Than $2.9 Million To Consumers Harmed by Warrior Trading
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The Federal Trade Commission is sending payments totaling more than $2.9 million to 20,402 people who paid thousands of dollars for Warrior Trading’s investment programs. The company made misleading...
New Analysis Finds Consumers Reported Losing More than $1 Billion in Cryptocurrency to Scams since 2021
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Consumers reported losing over $1 billion to fraud involving cryptocurrencies from January 2021 through March 2022, according to a new analysis from the Federal Trade Commission. Fraud reports suggest...
Federal Trade Commission Cracks Down on Warrior Trading For Misleading Consumers With False Investment Promises
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The Federal Trade Commission is cracking down on the Warrior Trading day trading investment scheme for making misleading and unrealistic claims of big investment gains to consumers. The FTC alleges...
Online Investment Site to Pay More Than $2.4 Million for Bogus Stock Earnings Claims and Hard-to-Cancel Subscription Charges
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The operators of RagingBull.com, an online stock trading site that used bogus earnings claims to trick consumers into signing up for services and then trapped them into hard-to-cancel subscription...
Public Statement
Remarks of Chair Lina M. Khan Regarding the Advance Notice of Proposed Rulemaking on Earnings Claims
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File
Text of Remarks
(177.5 KB)
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 Finds Huge Surge in Consumer Reports about Losing Money To Scams Initiated Through Social Media
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Consumers in 2021 reported losing about $770 million to fraud initiated on social media—about one fourth of all reported fraud losses for the year and an 18-fold increase from 2017, according to the...
FTC Sends Full Refunds Totaling Over $2 Million to Consumers who Lost Money Through Deceptive Direct Mail Publications Scheme
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The Federal Trade Commission is sending 34,893 checks and PayPal refunds totaling more than $2 million to consumers who lost money through a deceptive direct mail publications scheme . Agora Financial...
Agora Financial LLC
The FTC sued a publisher called Agora Financial, LLC, alleging that it tricks seniors into buying books, newsletters, and other publications that falsely promise a cure for type 2 diabetes or promote a phony plan to help them cash in on a government-affiliated check program. According to the FTC’s complaint, Agora Financial and some of its affiliates target publications, including The Doctor’s Guide to Reversing Diabetes in 28 Days (The Doctor’s Guide), primarily at older consumers nationwide, as well as pitching them on a fake scheme to cash in on Congress’ Secret $1.17 Trillion Giveaway. The FTC announced a proposed order settling the allegations against all defendants in February 2021.
Type of Action
Federal
Last Updated
FTC Matter/File Number
182 3116
Case Status
Pending
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...
Funder and Servicer of Online Trading Academy Payment Plans Will Forgive Debt in Settlement with FTC
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The funder and servicer of the payment plans used by consumers to pay for expensive and often ineffective investment “trainings” from Online Trading Academy (OTA) will be required to offer debt...
Federal Trade Commission Sending Refunds to More than 31,000 Consumers Allegedly Defrauded by Online Training Academy
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The Federal Trade Commission is sending checks totaling more than $5.4 million to 31,144 consumers who purchased an allegedly deceptively marketed investment training scheme offered by California...
FTC Data Shows Huge Spike in Cryptocurrency Investment Scams
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Since October 2020, consumers have reported losing more than $80 million to cryptocurrency investment scams, an increase of more than ten-fold year-over-year, according to a new data analysis from the...
Publisher Will Pay More Than $2 Million to Settle FTC Charges That It Targeted Seniors with Phony Diabetes Cure and Money Making Schemes
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A Baltimore-based company, Agora Financial, LLC, and several of its affiliates have agreed to pay more than $2 million to settle Federal Trade Commission charges that they tricked seniors into buying...
FTC Acts to Stop Nevada Companies From Charging Consumers Thousands To Open Credit Cards To Pay For Training Schemes
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Two Nevada companies and two individuals have agreed to stop charging consumers thousands of dollars to apply for multiple credit cards in their names in order to pay for expensive and often...
Displaying 21 - 40 of 76