$20M cash found stuffed under mattress in pyramid scheme investigation
U.S. prosecutors on Thursday announced that about $20 million found under a mattress in a Massachusetts apartment had been seized after a Brazilian man was…
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VIDEO: FTC rules on Homeopathic Industry: Advertising Guidelines
Homeopathic Medicine & Advertising – Part 1 [iframely]http://players.brightcove.net/1087587715001/Vy0NWmo9x_default/index.html?videoId=4501477361001[/iframely] Homeopathic Medicine & Advertising – Part 2 [iframely]http://players.brightcove.net/1087587715001/Vy0NWmo9x_default/index.html?videoId=4501253287001[/iframely] Click Here To View The Workshop Report
Ambit Energy confident misleading practices claim will be dismissed
DALLAS (Legal Newsline) – A Texas-based energy provider is confident a new lawsuit alleging it committed consumer fraud by misleading customers on what they would…
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…
President of Telexfree Pleads Guilty to Billion Dollar Pyramid Scheme
Approximately $140 million forfeited, along with property, luxury vehicles and boats BOSTON – The President of Telexfree, Inc., a pyramid scheme that was disguised as…
Judge Gives Final Approvals to Settlements in Nu Skin Lawsuits
A federal judge in Salt Lake City gave final approval to a settlement in a putative class-action lawsuit filed two years ago against Nu Skin Enterprises…
FCA Warns against OneCoin as London Police Starts Investigation
OneCoin, a centralized digital currency operated and managed by the OneCoin Limited is under investigation. The Financial Conduct Authority (FCA) of United Kingdom has warned…
Direct Selling Industry and Consumer Groups Debate ‘Anti-Pyramid’ Legislation
A bill in Congress would “make it harder for the FTC to challenge illegal pyramid schemes,” several consumer groups argued in a letter this month,…
Tax Problems Mount For TelexFree In Brazil, As Criminal Investigations Continue
It’s easy enough to forget that TelexFree and its principals have epic legal problems outside the United States, where the company has been found a Ponzi-…
Pyramid Schemes
In the classic “pyramid” scheme, participants attempt to make money solely by recruiting new participants, usually where: The promoter promises a high return in a…