FTC Returns $18 Million to Victims of Home-Based Business Coaching Scheme
The Federal Trade Commission is mailing more than 20,000 checks totaling more than $18 million to people who lost money to The Tax Club, a scheme that targeted people who…
FTC
Vemma Agrees to Ban on Pyramid Scheme Practices to Settle FTC Charges
Under a settlement with the Federal Trade Commission, Arizona-based Vemma Nutrition Company will end the business practices that the FTC alleged created a pyramid scheme. The multi-level marketing (MLM) company,…
FTC Returns More Than $3.7 Million to People Harmed by Pyramid Scheme
The Federal Trade Commission is mailing 285,361 checks totaling more than $3.7 million to people who lost money to Fortune Hi-Tech Marketing (FHTM), a pyramid scheme whose operators were banned…
MLM Industry ‘Income Averages’ And ‘Retail’ Sales Claims Are Part Of Deception FTC Must Halt
Summary FTC Chair, Edith Ramirez, called out Direct Selling Association, DSA, for deceptive income claims by its members. To identify pyramid schemes, she defined “retail” as profitable distributor sales to…
FTC Chairwoman Ramirez Addresses Direct Sales Association; Offers Compliance Recommendations for Industry and Signals that Additional Guidance is on its Way
Last week, FTC Chairwoman Edith Ramirez spoke at the Direct Sales Association (DSA) Business & Policy Conference in Washington, D.C. In her comments, Chairwoman Ramirez acknowledged that the direct selling…
The FTC fights international scams
If you have a phone, you’ve probably heard from an IRS imposter— someone claiming you owe thousands of dollars and better pay up immediately, or else terrible things will happen….
Keynote Remarks of FTC Chairwoman Ramirez DSA Business & Policy Conference
Direct selling, a $36 billion industry, plays a robust role in the marketplace and has the capacity to provide consumers with valuable goods and services and an opportunity to try…
FTC is trying to fight unclear paid content
Social media advertising has become a new norm. Celebrities like Kylie Jenner can make their livings by posting endorsements for different products on their personal Instagram accounts. Now, the Federal Trade…
Vemma Reaches Settlement Agreement in FTC Pyramid Case
Vemma, its CEO Benson K. Boreyko and top distributors have reached a settlement with the FTC in the pyramid scheme case the agency filed more than a year ago pending…
Carl Icahn says he asked the FTC permission to buy 50% of Herbalife
Activist investor Carl Icahn said he has asked the Federal Trade Commission for the right to purchase up to a 50% stake in nutritional supplement company Herbalife. Icahn made his comments…