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ARTICLE · 19 NOVEMBER 2024

FTC Updates (October 28 – November 1, 2024)

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The end of October brought refunds for tens of thousands of consumers harmed by deceptive credit offers and auto sales practices as well as the temporary shutdown of operations allegedly scamming millions...

United StatesConsumer Protection
Holly Melton
Holly Melton
Isabella Ordorica
Isabella Ordorica

The end of October brought refunds for tens of thousands of consumers harmed by deceptive credit offers and auto sales practices as well as the temporary shutdown of operations allegedly scamming millions of dollars from consumers enticed to sell goods online. All this and more after the jump.

Monday, October 28, 2024

Business Opportunities and Investments: Online Business Scams

  • The Federal Trade Commission voted 5-0 to file a complaint against Ecom Genie, a business opportunity scheme that has operated under various names. The complaint alleges that the scheme enticed consumers to sell goods online by promising lavish returns and violated the FTC's Business Opportunity Rule, which requires disclosures that would have made the scheme's previous iterations apparent to consumers.

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