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Monthly Archives: April 2019
Quentin Louis Wilcox
Litigation Release No. 24453 / April 16, 2019 Securities and Exchange Commission v. Quentin Louis Wilcox, Civil Action No. 2:19-cv-02437-SRB (D. Ariz., filed April 16, 2019) On April 16, 2019, the Securities and Exchange Commission filed insider trading charges against a former financial manager at Avnet, Inc., a Phoenix-based electronic components and services company. The […]
FTC Returns More than $1 Million to Victims of Bobby J. Robinson’s Work-at-Home Scheme
The Federal Trade Commission is mailing checks totaling nearly $1.1 million to 87,256 consumers who paid for work-at-home opportunities based on the allegedly deceptive advertising practices of Bob Robinson, LLC and other related defendants. The defendants operated under various brand names, including Work At Home EDU, Work At Home Program, Work At Home Ecademy, Work […]
Lawrence P. Schmidt, Commercial Equity Partners, Ltd, FutureGen Company (d/b/a FutureGen Capital), FGC Distressed Assets Investment #1, LLC; FutureGen Capital DDA CG Fund LLC; FGC Tax Lien Fund #2, LLC; FGC Trading Fund #1 LLC; FGC SPE NO 1 LLC; FGC SPE NO 2 LLC; and FGC CM Note Fund LLC
Litigation Release No. 24452 / April 15, 2019 Securities and Exchange Commission v. Lawrence P. Schmidt, Commercial Equity Partners, Ltd, FutureGen Company (d/b/a FutureGen Capital), FGC Distressed Assets Investment #1, LLC; FutureGen Capital DDA CG Fund LLC; FGC Tax Lien Fund #2, LLC; FGC Trading Fund #1 LLC; FGC SPE NO 1 LLC; FGC SPE […]
Online Lending Company Agrees to Settle FTC Charges It Engaged in Deceptive and Unfair Loan Servicing Practices
Avant, LLC, an online lending company, has agreed to settle the Federal Trade Commission’s charges that it engaged in deceptive and unfair loan servicing practices, such as imposing unauthorized charges on consumers’ accounts and unlawfully requiring consumers to consent to automatic payments from their bank accounts. “We have alleged that Avant gave the run-around to […]
Joseph Meli, et al., Craig H. Carton, et al.
On April 11, 2019, two federal court judges entered final judgments against a New York City man, Joseph Meli, and six of his companies, in connection with two SEC cases that charged Meli with operating multi-million dollar fraudulent schemes involving purported purchases and resales of tickets to popular concerts and Broadway shows. Meli and his […]
Ivan Acevedo & Dane R. Roseman
On April 11, 2019, the Securities and Exchange Commission charged two former directors of investments at Woodbridge Group of Companies LLC for their roles in its massive Ponzi scheme. The defendants, California-based Ivan Acevedo and Dane R. Roseman, were separately arrested and charged by criminal authorities, along with Woodbridge owner Robert H. Shapiro. The SEC […]
FTC Data Spotlight Shows Steep Rise in Complaints about Social Security Scams, Overtaking IRS Scam Complaints
It was just a few years ago that the Federal Trade Commission was flooded with complaints about scammers pretending to be from the IRS who called consumers and falsely told them they owed taxes. In its peak year, consumers reported losing $17 million to these IRS scams. With tax day right around the corner, we […]
Marketer of Water Filtration Systems to Pay $110,000 Civil Penalty for Deceptive Made-in-USA Advertisements in Violation of 2017 Order
A Georgia-based distributor of water filtration systems has agreed to pay a $110,000 civil penalty to settle Federal Trade Commission charges that it violated a 2017 Federal Trade Commission administrative order by making false claims that wholly imported Chinese water filtration systems were made in the United States. As part of the settlement, the defendants […]
FTC Charges Telemarketing Operation with Misleading Job Seekers and Making Millions of Illegal, Unsolicited Calls
The Federal Trade Commission has charged a telemarketing operation and its owners with making millions of illegal, unsolicited calls about educational programs to consumers who submitted their contact information to websites promising help with job searches, public benefits, and other unrelated programs. According to the FTC’s complaint seeking civil penalties, corporate defendants Day Pacer, LLC and […]