FTC Action Leads to Settlement Against Two Defendants Who Operated Business Opportunity Scheme That Took Millions from Consumers

As a result of a Federal Trade Commission lawsuit, two defendants who helped operate a sprawling business opportunity scheme known by several names, including Blueprint to Wealth, have agreed to settlements that include lifetime bans from pitching money-making and investment opportunities. The…

FTC Action Leads to Permanent Bans for Scammers Behind Sprawling Credit Repair Pyramid Scheme

As a result of a Federal Trade Commission lawsuit, the owners and operators of a sprawling credit repair operation known as Financial Education Services (FES) will end the practices that the FTC alleged created a pyramid scheme and also violated the Credit…

FTC and Justice Department Host First Strike Force on Unfair and Illegal Pricing Meeting

The Federal Trade Commission and the Department of Justice (DOJ) virtually cohosted the first public meeting of the Strike Force on Unfair and Illegal Pricing (Strike Force) to discuss Strike Force enforcement actions taken to lower prices for Americans. FTC Chair Lina…

FTC and DOJ Host First Public Strike Force on Unfair and Illegal Pricing Meeting

WHAT: The Federal Trade Commission and the Department of Justice will virtually cohost the first public meeting of the Strike Force on Unfair and Illegal Pricing (Strike Force) to discuss Strike Force enforcement actions taken to lower prices for Americans. WHEN: Thursday,…

FTC and Justice Department to Host First Public Strike Force on Unfair and Illegal Pricing Meeting

The Federal Trade Commission and the Department of Justice (DOJ) will virtually cohost the first public meeting of the Strike Force on Unfair and Illegal Pricing (Strike Force) on Thursday, August 1, 2024, to discuss Strike Force enforcement actions taken to lower…

Statement of the Commission Regarding TikTok Complaint Referral to DOJ

Today, the Commission issued a statement regarding its referral to the Department of Justice a complaint against TikTok, the successor to Musical.ly, and its parent company ByteDance Ltd. The Commission vote authorizing the issuance of the statement was 3-0-2, with Commissioners Ferguson…

FTC, DOJ, and HHS Extend Comment Period on Cross-Government Inquiry on Impact of Corporate Greed in Health Care

The Federal Trade Commission, the Department of Justice’s (DOJ) Antitrust Division, and the U.S. Department of Health and Human Services (HHS) are extending the deadline by 30 days for the public to comment on a tri-agency Request for Information (RFI) examining private-equity and…

FTC Sends $2.8 Million in Refunds to Consumers Harmed by DK Automation’s Phony Online Business and Crypto Moneymaking Schemes

Image The Federal Trade Commission is sending $2.8 million in refunds to consumers who were harmed by DK Automation and its owners, Kevin David Hulse and David Shawn Arnett, who used unfounded claims of big returns to entice consumers into moneymaking schemes…

California-based Lead Generator Agrees to Settlement Banning It from Making or Assisting Others in Making Telemarketing Calls, Including Robocalls

California-based lead generator Response Tree LLC and its president, Derek Thomas Doherty, will be banned from making or assisting anyone else in making robocalls or calls to phone numbers on the FTC’s Do Not Call (DNC) Registry under a proposed order settling…

XCast Labs Will Be Banned from Supporting Illegal Telemarketing Practices to Settle FTC Charges It Assisted and Facilitated in Sending Hundreds of Millions of Illegal Robocalls

Voice over Internet Protocol (VoIP) provider XCast Labs, Inc., agreed to settle Federal Trade Commission charges that it funneled hundreds of millions of illegal robocalls through its network, even after receiving multiple warnings about the unlawful conduct. Under the proposed court order,…