The operators of a scheme that conned consumers into paying non-existent debts will be permanently banned from the debt collection business and from misleading consumers about debt in a settlement with the Federal Trade Commission. The FTC filed a complaint against Global Asset Financial Services Group, LLC in February, alleging that the operators of the […]
Monthly Archives: December 2019
IRS and TTB formalize process to support processing of claims made to the IRS Whistleblower Office
IR-2019-204, December 11, 2019 WASHINGTON — The Internal Revenue Service today announced a process has been formalized with the Alcohol and Tobacco Tax and Trade Bureau (TTB) that puts in place procedures between the IRS and TTB to process claims for whistleblower awards under internal revenue laws that are administered and enforced by TTB. The […]
BRP AND ITS PRINCIPAL SHAREHOLDERS ANNOUNCE C$305,850,000 BOUGHT DEAL SECONDARY OFFERING
Valcourt, Québec, December 10, 2019 – BRP Inc. (TSX: DOO) (NASDAQ: DOOO) (“BRP” or the “Company”) announced today that certain of its shareholders, including Beaudier Inc. and 4338618 Canada Inc. (collectively, “Beaudier Group”), and Bain Capital Luxembourg Investments S.à r.l. (“Bain”) (the “Selling Shareholders”), and the Company have entered into an agreement with an underwriting syndicate led […]
FTC Comment to Texas Medical Board Raises Competitive Concerns about Proposed Rule Imposing Additional Supervisory Requirements on Texas-Certified Nurse Anesthetists
The Federal Trade Commission staff has submitted a comment to the Texas Medical Board raising concerns that the board’s Proposed Rule § 193.13 could harm competition by impeding access to surgical and other health care services that require anesthesia or related services. The proposed rule would impose additional supervisory requirements on licensed, certified registered nurse […]
Treasury Sanctions Individuals for Roles in Atrocities and Other Abuses
Global Magnitsky designations target serious human rights abuse worldwide on International Human Rights Day Washington – Today, on International Human Rights Day, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has taken action against 18 individuals located in Burma, Pakistan, Libya, Slovakia, Democratic Republic of the Congo (DRC), and South Sudan […]
Operators of Tech Support Scam Settle FTC Allegations they Tricked Consumers into Buying Computer Repair Services
A Utah-based company and its owner are permanently banned from offering tech support products and services to consumers as part of a settlement with the Federal Trade Commission resolving allegations that their scheme tricked consumers into believing their computers were infected with viruses in order to sell them costly computer repair services. In a complaint […]
FTC Obtains Record $191 Million Settlement from University of Phoenix to Resolve FTC Charges It Used Deceptive Advertising to Attract Prospective Students
The University of Phoenix (UOP) and its parent company, Apollo Education Group, will settle for a record $191 million to resolve Federal Trade Commission charges – that they used deceptive advertisements that falsely touted their relationships and job opportunities with companies such as AT&T, Yahoo!, Microsoft, Twitter, and The American Red Cross. Under the settlement […]
Dec. 31 deadline for most retirees to take required minimum distributions
IR-2019-203, December 10, 2019 WASHINGTON — The Internal Revenue Service reminds retirees born before July 1, 1949, that they usually must take distributions from their retirement plans by December 31. The payments, called required minimum distributions (RMDs), are normally made by the end of the year. Those who turned 70½ in 2019 are allowed to […]
OCC Highlights Key Risks for Federal Banking System
News Release 2019-145 | December 9, 2019 Share This Page: WASHINGTON — The Office of the Comptroller of the Currency (OCC) today reported operational, credit, and interest rate risks are among the key themes for the federal banking system in its Semiannual Risk Perspective for Fall 2019. Highlights from the report include: Operational risk is elevated […]
Operators of Government Imposter Scheme to Pay $1.2 Million In Settlement With FTC, State of Florida
The operators of a scheme that targeted new businesses across the country with bogus threats of government fines will pay $1.2 million and be banned from sending unsolicited direct mail under a settlement with the Federal Trade Commission and the State of Florida. The FTC and the State of Florida alleged that Thomas Henry Fred, […]