Operators of Bogus Credit Repair Scheme Settle FTC Charges

Scammers Will Be Banned From Credit Repair Services Industry, Subject to a $2.4 Million Judgment The operators of a bogus credit repair scheme that allegedly tricked Spanish-speaking consumers into paying thousands of dollars each to supposedly improve their credit will be banned from offering credit repair services and subject to a monetary judgment under settlements … Read more

FTC Returns Money to Consumers in Credit Card Interest Rate Scam

The Federal Trade Commission is mailing 10,387 checks totaling more than $969,000 to consumers who lost money to a credit card interest rate reduction scam. The FTC sued Innovative Wealth Builders (IWB), a telemarketing operation that falsely promised consumers it could reduce their credit card interest rates and save them thousands of dollars on their … Read more

Auto Loan Debt Relief Scammer Banned from Telemarketing, Debt Relief Services Under FTC Settlement

Commission Also Approves Final Consent Orders in Two Deceptive Auto Dealership Cases Regency Financial Services, Inc., and its CEO Ivan Levy have agreed to a permanent ban on telemarketing and the advertising, marketing, or sale of any debt relief products or services to settle FTC charges that they falsely promised consumers auto loan modifications and … Read more

Ashworth College Settles FTC Charges it Misled Students About Career Training, Credit Transfers

Ashworth College has agreed to settle Federal Trade Commission charges it misrepresented to students that they would get the training and credentials needed to switch careers or get a new job, and that the course credits they earned would transfer to other schools. In reality, many programs offered by the for-profit institution did not meet … Read more

Court Halts Mortgage Relief Operation that Targeted Homeowners Facing Foreclosure

Some People Lost Their Homes: Paid Defendants Instead of Making Mortgage Payments At the Federal Trade Commission’s request, a federal court halted a sham operation that allegedly told financially distressed homeowners it would help get their mortgages modified, but instead effectively stole their mortgage payments, leading some to foreclosure and bankruptcy. The FTC seeks to … Read more

Court Temporarily Halts Company From Offering Mortgage Relief Services

L.A.-based Defendants Deceptively Pitched Their ‘Services’ Online and Over the Phone Continuing to crack down on phony mortgage relief programs, a federal court has temporarily halted Los Angeles-based Wealth Educators, Inc. and its president from offering mortgage relief services at the Federal Trade Commission’s request. The agency charged the defendants with failing to provide the … Read more

FTC, Illinois Attorney General Halt Chicago Area Operation Charged With Illegally Pressuring Consumers to Pay ‘Phantom’ Debts

The Federal Trade Commission and the Illinois Attorney General’s Office have obtained a court order temporarily halting a fake debt collection scam located in Aurora, Illinois, a western suburb of Chicago. The defendants are charged with illegally using threats and intimidation tactics to coerce consumers to pay payday loan debts they either did not owe, … Read more

FTC Sending Refund Checks Totaling Nearly $940,000 to Consumers Who Lost Money in Fraudulent Business Opportunity Scheme

More Than 350 Checks Are Being Mailed Starting Today The Federal Trade Commission is mailing 358 refund checks totaling $ 939,207.78 to consumers who lost money after paying performance deposits to become business or sales consultants to National Business Consultants, Inc. (NBC) and its owner, Robert Namer. Consumers receiving checks initially will get more than … Read more

Payment Processors Involved in I Works Scheme Settle FTC Charges

Order Includes Turnover of $ 1.3 Million in Cash and Assets CardFlex Inc., an Independent Sales Organization (ISO), and its principals Andrew Phillips and John Blaugrund, have settled Federal Trade Commission charges that they illegally processed more than $ 26 million in unauthorized consumer charges on behalf of a company called I Works. The defendants … Read more

At FTC’s Request, Court Shuts Down Credit Repair Scam That Impersonates FTC

Scammers Make Impossible Promises, Target Spanish-Speaking Consumers At the request of the Federal Trade Commission, a federal court has halted the operations of a company that calls itself “FTC Credit Solutions.” The company allegedly used false affiliation with the Commission to market bogus credit repair services to Spanish-speaking consumers. In a complaint filed with the … Read more

FTC, Multiple Law Enforcement Partners Announce Crackdown on Deception, Fraud in Auto Sales, Financing and Leasing

Commission Announces Six New Auto Cases in Operation Ruse Control The Federal Trade Commission and 32 law enforcement partners today announced the results of Operation Ruse Control, a nationwide and cross-border crackdown to protect consumers when purchasing or leasing a car, encompassing 252 enforcement actions. The six new FTC cases include more than $ 2.6 … Read more

FTC Rules Jerk, LLC and John Fanning Deceived Consumers, Violated FTC Act

Order Requires Deletion of All Consumer Data, Prohibits Further Deception The Federal Trade Commission has granted summary decision against the operators of Jerk.com, a website that billed itself as “the anti-social network,” for deceiving users about the source of content on the website. The Commission found that the operators – Jerk, LLC (“Jerk”) and John … Read more

FTC Returns More Than $2.9 Million to Inc21 Cramming Victims In Second Round of Refunds to Consumers

The Federal Trade Commission is mailing a second round of 58,239 checks totaling more than $2.9 million to consumers and businesses who were victimized by a massive fraudulent operation that placed unwanted charges on their telephone bills. In 2010, the FTC stopped the scam, which was led by Inc21, an internet services company. Inc21 had … Read more

FTC Sends More Than $2.4 Million in Refunds to Consumers Harmed by Premier Precious Metals Scam

The Federal Trade Commission has sent more than $2.4 million in refund checks to just over a hundred consumers harmed by the Premier Precious Metals scheme, which bilked millions of dollars from investors, including many senior citizens. In February 2014, the defendants were permanently banned from selling any investment opportunities under a settlement with the … Read more

FTC Charges DIRECTV with Deceptively Advertising the Cost of Its Satellite Television Service

Company Advertises Discounted Monthly Prices, Fails to Tell Consumers about Two-Year Contract Obligation, Significant Price Increase in the Second Year, and Need to Cancel “Free” Premium Movie Channels The Federal Trade Commission has charged DIRECTV, the country’s largest provider of satellite television services, with deceptively advertising a discounted 12-month programming package because it fails to … Read more