An Illinois-based operator of several post-secondary schools will pay $30 million to settle Federal Trade Commission charges that the operator used sales leads from lead generators that falsely told consumers they were affiliated with the U.S. military, and that used other unlawful tactics to generate leads. In its complaint against Career Education Corporation (CEC) and […]
Monthly Archives: August 2019
Motty Mizrahi et al.
Litigation Release No. 24574 / August 26, 2019 United States v. Motty Mizrahi et al., No. 2:19-cr-00415-CJC (C.D. Cal., filed July 18, 2019) Securities and Exchange Commission v. Motty Mizrahi et al., No. 19-02284 (C.D. Cal. filed Mar. 27, 2019) A federal grand jury in Los Angeles has indicted investment adviser Motty Mizrahi on wire […]
Final Rule to Amend 12 C.F.R. Part 370, “Recordkeeping for Timely Deposit Insurance Determination”
FIL-46-2019 August 26, 2019 Final Rule to Amend 12 C.F.R. Part 370, “Recordkeeping for Timely Deposit Insurance Determination” Printable Format: FIL-46-2019 – PDF (PDF Help) Summary: The FDIC Board has approved a final rule to amend 12 C.F.R. Part 370, “Recordkeeping for Timely Deposit Insurance Determination” (the “Rule”). The Rule would make certain substantive revisions […]
FTC to Hold Workshop on Made in USA Advertising and Marketing Claims
On Sept. 26, 2019, the Federal Trade Commission will hold a half-day public workshop in Washington, DC to consider “Made in USA” and other types of U.S.-origin claims made by domestic and foreign sellers, consumer perception of such claims, the need for any changes to the FTC’s existing guidance, and other relevant issues. Currently, the […]
Most Telemarketer Fees to Access the FTC’s National Do Not Call Registry to Increase in FY 2020
The Federal Trade Commission has announced FY 2020 fees for telemarketers accessing phone numbers on the National Do Not Call (DNC) Registry. Most of the annual fees will increase slightly from FY 2019, and are set forth in a Federal Register notice. All telemarketers calling consumers in the United States are required to download the […]
Terry Wayne Kelly and Kelly Management, LLC
Washington D.C., August 22, 2019 – The Securities and Exchange Commission today announced charges against a Mississippi company and its principal for their role in selling promissory notes in connection with the previously charged Madison Timber Properties, LLC Ponzi Scheme. The SEC’s complaint, filed in federal court in Jackson, Mississippi, alleges that Terry Wayne Kelly, […]
FTC Approves Final Order Imposing Conditions on UnitedHealth Group’s Proposed Acquisition of DaVita Medical Group
Following a public comment period, the Federal Trade Commission has approved a final order settling charges that UnitedHealth Group’s proposed $4.3 billion acquisition of DaVita Medical Group from DaVita, Inc. will likely harm competition in healthcare markets in Clark and Nye Counties, Nevada. The order requires United, no later than 40 days after the acquisition […]
FTC Refunds Consumers Who Bought FlexiPrin Joint Pain Supplement
The Federal Trade Commission is mailing 2,897 checks totaling more than $113,000 to fully refund consumers who bought FlexiPrin, a deceptively marketed joint pain supplement. The average check amount is $39.18. In February 2017, the FTC and the Maine Attorney General charged XXL Impressions LLC, Jeffrey R. Powlowsky, J2 Response LLP, Justin Bumann, Justin Steinle, […]
Promoters of Deceptive Chain Referral Schemes Involving Cryptocurrencies Agree to Settlement with FTC
The promoters of recruitment-based cryptocurrency schemes are permanently banned from operating or participating in any multi-level marketing program, as part of a settlement with the Federal Trade Commission. The FTC obtained a court order in March 2018 against Thomas Dluca, Eric Pinkston, Louis Gatto, and Scott Chandler that stopped their deceptive marketing practices and froze […]
Comptroller of the Currency Visits New York Neighborhoods Supported by the Community Reinvestment Act, Discusses Opportunities to Do More
News Release 2019-95 | August 21, 2019 Share This Page: WASHINGTON — Comptroller of the Currency Joseph Otting today participated in a tour of New York neighborhoods to see firsthand the success of Community Reinvestment Act (CRA) activity and discuss how CRA regulations can promote more lending, investment, and services, where they are needed most. “Here […]