The operators of a student loan debt relief scheme are banned from providing debt relief services and have agreed to settle Federal Trade Commission charges that they collected illegal upfront fees and falsely promised to lower or even eliminate consumers’ loan payments or balances. In its 2019 complaint the FTC alleged that Student Advocates Team …
The Federal Trade Commission is sending more than $147,000 in full refunds to people affected by a student loan debt relief scam. According to an amended FTC complaint filed in 2019, corporate defendants Impetus Enterprise, Inc., Fig Tree & Co., LLC, Capital Sun Investments, and individual defendants Tuan Duong, Brenda Avitia-Pena, Brian Colombana, and Jimmy …
Company failed to deliver DSL Internet speeds for which consumers paid and were promised The Federal Trade Commission, along with law enforcement agencies from six states, sued Internet service provider Frontier Communications, alleging that the company did not provide many consumers with Internet service at the speeds it promised them, and charged many of them …
Federal Trade Commission Acting Chairwoman Rebecca Kelly Slaughter issued the following statement regarding recent decision from the U.S. Supreme Court in the matter of AMG Capital Management LLC v. FTC: “In AMG Capital, the Supreme Court ruled in favor of scam artists and dishonest corporations, leaving average Americans to pay for illegal behavior,” Acting Chairwoman …
More than 147,000 refunds sent to students affected by the school’s deceptive ads The Federal Trade Commission is sending payments totaling nearly $50 million to more than 147,000 University of Phoenix (UOP) students who may have been lured by allegedly deceptive advertisements. The refunds stem from a lawsuit the FTC filed against UOP alleging that …
The owners of a scam that targeted Latina consumers with promises of wealth and financial security are permanently prohibited from selling money-making opportunities under the terms of a settlement with the Federal Trade Commission. In a complaint filed as part of the FTC’s Operation Income Illusion sweep, the agency alleged that Moda Latina BZ Inc., Esther …
The Federal Trade Commission reached settlements with four defendants charged with helping to launder millions of dollars in credit card charges through fraudulent merchant accounts. The settlement orders permanently ban Jay Wigdore, Electronic Payment Solutions of America, and Electronic Payment Services from payment processing and telemarketing. A previously-entered stipulated order against Michael Peterson bans him …
Proposed settlement prohibits defendants from obtaining credit cards for consumers, requires them to pay $2.1 million 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 ineffective training programs under a proposed settlement of …
Andris Pukke, Peter Baker Ordered to Pay $120.2 Million 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 Federal Trade Commission’s case involving the allegedly deceptive sale of real estate properties in Belize to U.S. consumers. The orders announced today finalize …
Just prior to trial, ten individual and corporate defendants agreed to settle Federal Trade Commission charges that they participated in, controlled, or illegally benefitted from the allegedly deceptive marketing of the “Sanctuary Belize” real estate development in remote southern Belize, including charges that they deceived U.S. consumers regarding the amenities that the development would have, …