Scammers exploiting the high demand for baby formula have sunk to new lows. They’re popping up online and tricking desperate parents and caregivers into paying steep prices for formula that never arrives. Scammers may set up fake websites or profiles on social media platforms with product images and logos of well-known formula brands — all …
Not enough baby formula means plenty of scammers Read More »
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 multi-level marketing company operated an illegal pyramid scheme that deceived consumers into believing they could earn significant income as “distributors” of its …
FTC Returns More Than $149 Million to People Harmed by AdvoCare Pyramid Scheme Read More »
The remaining defendants in a deceptive student loan debt relief scheme are permanently banned from providing all student loan debt relief products and services in settlements with the Federal Trade Commission. The settlements with Jay Singh, the two corporate defendants he controls, and seven other corporate entities resolve charges the FTC in brought in November 2019 against …
FTC Shuts Down Student Loan Scam: US Financial Freedom Read More »
A marketing services company and its owner will be banned from the auto industry under an Order issued by the Federal Trade Commission after the Commission found that they illegally misled consumers to believe their websites were affiliated with a government stimulus program and sent consumers deceptive mailings about prizes they had supposedly won. In …
Auto Marketer Banned For Misleading Consumers Regarding Government Stimulus. Read More »
Many people have gotten their advance Child Tax Credit payments this year, but scammers are taking advantage of this new program to try to trick you out of money or information. They’re pretending to be the IRS, contacting people by phone, text, email, and social media — and sending people to official-looking websites that look …
The Federal Trade Commission obtained an order permanently banning a payment processor that facilitated a fraudulent student loan debt relief scheme from processing debt relief payments. The order also requires the company and its owner to surrender $500,000 to the FTC for consumer redress. The FTC’s complaint against Automatic Funds Transfer Services, Inc. (AFTS) and its owner, Eric Johnson, …
