FTC Sends More Than $1 Million in Refunds to Victims of Online Selling Scam

The Federal Trade Commission is mailing checks totaling more than $1 million to individuals targeted by a business opportunity scheme that promised consumers big profits from selling on Amazon. The FTC and the Minnesota Attorney General’s Office alleged that Sellers Playbook, Inc. lured consumers into believing that they were likely to earn thousands of dollars […]

FTC Imposes Conditions on Össur Hf’s Acquisition of College Park Industries, Inc.

Össur Hf and College Park Industries, Inc., both makers of prosthetic limbs, have agreed to divest College Park’s myoelectric elbow business to settle Federal Trade Commission charges that Össur’s proposed acquisition of College Park would violate federal antitrust law. The FTC alleges that the transaction, which was not reportable under the Hart-Scott-Rodino Act, is likely to […]

FTC Obtains Preliminary Injunction Against Investor Training Scheme Online Trading Academy

A federal court has granted the Federal Trade Commission’s request for a preliminary injunction to halt the alleged illegal practices of Online Trading Academy (OTA). The court had previously entered a temporary restraining order in the case. The FTC’s complaint against OTA, Eyal Shachar (also known as Eyal Shahar), Samuel Seiden, and Darren Kimoto, filed […]

Canadian Maker of Smart Locks Settles FTC Allegations That it Deceived Consumers about its Security Practices

A Canadian company has settled Federal Trade Commission allegations that it deceived consumers by falsely claiming that its Internet-connected smart locks were designed to be “unbreakable” and that it took reasonable steps to secure the data it collected from users. The settlement requires Tapplock, Inc. to, among other things, implement a comprehensive security program and […]

FTC and FCC Send Joint Letters to VoIP Service Providers Warning against ‘Routing and Transmitting’ Illegal Coronavirus-related Robocalls

The Federal Trade Commission today sent joint letters with the Federal Communications Commission (FCC) to three companies providing Voice over Internet Protocol (VoIP) services,warning them that routing and transmitting illegal robocalls, including Coronavirus-related scam calls, is illegal and may lead to federal law enforcement against them. The agencies sent a separate letter to USTelecom – […]

FTC Sues to Unwind Altria’s $12.8 Billion Investment in Competitor JUUL

Today, the Federal Trade Commission filed an administrative complaint (a public version of which will be available and linked to this news release as soon as possible) alleging that Altria Group, Inc. and JUUL Labs, Inc. entered a series of agreements, including Altria’s acquisition of a 35% stake in JUUL, that eliminated competition in violation […]

FTC Data Shows Jump in Coronavirus-related Complaints from Consumers

Consumer complaints to the Federal Trade Commission related to the coronavirus (also known as COVID-19) have surged in recent weeks. Since the beginning of the year, the FTC has received more than 7,800 coronavirus-related reports from consumers, double what they were about a week ago. The top categories of coronavirus-related fraud complaints include travel and […]

FTC Announces September 22 Workshop on Data Portability

The Federal Trade Commission will host a public workshop on September 22, 2020, to examine the potential benefits and challenges to consumers and competition raised by data portability. Data portability gives consumers more control over their data, allowing them to move data—such as emails, contacts, calendars, financial information, health information, favorites, friends, or content posted […]

Student Loan Debt Relief Companies Agree to Settle FTC Charges They Falsely Promised to Lower or Eliminate Consumers’ Student Loans

Three California-based student loan debt relief companies and their owner have agreed to be permanently banned from the debt relief business in order to settle Federal Trade Commission charges that they falsely promised to lower or eliminate consumers’ student loans in return for an illegal upfront fee. The FTC also alleged that the companies and […]

FTC Sends More Than $1 Million in Refunds to Victims of Invention Promotion Scam

The Federal Trade Commission is sending refunds totaling more than $1 million to consumers targeted by a bogus invention promotion business that failed to deliver on the services it promised, and bullied consumers who tried to complain. According to the FTC, consumers paid Scott Cooper and his companies, World Patent Marketing Inc. and Desa Industries […]