FTC alleges defendants bilked consumers out of millions, drawing them to the MOBE scheme A group of affiliate marketers who lured consumers into a business coaching and investment scheme known as My Online Business Education (MOBE) will surrender millions of dollars in assets to settle Federal Trade Commission charges. According to complaints filed by the …
The Federal Trade Commission is mailing 4,976 refund checks and sending 44,136 PayPal payments totaling over $2 million to consumers allegedly defrauded by American Immigration Center. According to the FTC, starting in 2010, the company falsely implied that its websites were affiliated with the U.S. government to sell immigration form preparation services to consumers, many …
New Federal Trade Commission data from the agency’s Consumer Sentinel Network show that consumers reported losing $201 million to romance scams in 2019—up nearly 40% since 2018. Romance Scams Infographic Romance scammers prey on consumers who are looking for love, converting what feels like a budding relationship into an ask for money to help the …
A federal jury found a Montana man guilty for his role as a broker for a Swiss company involved in a multimillion-dollar international fraud scheme. Assistant Attorney General Brian A. Benczkowski of the Justice Department’s Criminal Division, U.S. Attorney Nicholas A. Trutanich of the District of Nevada and Special Agent in Charge Aaron C. Rouse …
Defendants face monetary judgments, bans from credit repair business, and prohibitions on other deceptive practices The operators of a bogus credit repair scheme are banned from the credit repair business and subject to a wide array of other requirements under settlement terms with the Federal Trade Commission. The settlements relate to an FTC complaint filed …
A California-based mortgage broker will pay $120,000 to settle Federal Trade Commission allegations that it violated the Fair Credit Reporting Act and other laws by revealing personal information about consumers in response to negative reviews posted on the review website Yelp. In a complaint filed by the Department of Justice on behalf of the Commission, …
The operators of a website that compares student loans and other financial products have agreed to settle Federal Trade Commission allegations that they misled consumers to believe their website provided objective product information, when in fact they offered higher rankings and ratings to companies that paid for placement. In an administrative complaint against Delaware-based LendEDU …
Defendants made millions of dollars from sites that overwhelmingly mislead consumers A court has granted the Federal Trade Commission’s request to preliminarily halt a scheme in which the defendants operated hundreds of websites that promised a quick and easy government service, such as renewing a driver’s license, or eligibility determinations for public benefits. Following an evidentiary …