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ARTICLE · 23 OCTOBER 2020

Social Media: We Love It, We Hate It

Frankfurt Kurnit Klein & Selz PC
Frankfurt Kurnit Klein & Selz PC
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Frankfurt Kurnit Klein & Selz PC

Frankfurt Kurnit Klein & Selz PC

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The FTC reported a big increase in consumer complaints today arising from bogus offers on social media.

United StatesMedia, Telecoms, IT, Entertainment

The FTC reported a big increase in consumer complaints today arising from bogus offers on social media.  The most common complaints are in the following areas:

  • Reports about ecommerce sites that fail to deliver the ordered goods;
  • Romance scams;
  • Social media messages that offer grant money and other giveaways, many pandemic-relief related; and
  • Pyramid and fraudulent multilevel marketing schemes with grandiose earnings promises.

Why is this important, aside from the obvious fact that fraudsters are ubiquitous and the FTC is watching?  It's important news for legit marketers too, because they'll be affected if consumers become more jaundiced about what they see on social media, the channel of choice for modern marketers.  If consumers start thinking that all offers they see on social media are fraudulent, or from an imposter source, they're going to steer clear, right?  While the FTC's report includes tips to consumers about how to avoid getting scammed

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www.fkks.com

This post first appeared in Frankfurt Kurnit's Focus on the Data blog (www.focusonthedata.com). It provides general coverage of its subject area. We provide it with the understanding that Frankfurt Kurnit Klein & Selz is not engaged herein in rendering legal advice, and shall not be liable for any damages resulting from any error, inaccuracy, or omission. Our attorneys practice law only in jurisdictions in which they are properly authorized to do so. We do not seek to represent clients in other jurisdictions.

Originally published by the New York Legal Ethics Reporter

www.fkks.com

This alert provides general coverage of its subject area. We provide it with the understanding that Frankfurt Kurnit Klein & Selz is not engaged herein in rendering legal advice, and shall not be liable for any damages resulting from any error, inaccuracy, or omission. Our attorneys practice law only in jurisdictions in which they are properly authorized to do so. We do not seek to represent clients in other jurisdictions.

www.fkks.com

This alert provides general coverage of its subject area. We provide it with the understanding that Frankfurt Kurnit Klein & Selz is not engaged herein in rendering legal advice, and shall not be liable for any damages resulting from any error, inaccuracy, or omission. Our attorneys practice law only in jurisdictions in which they are properly authorized to do so. We do not seek to represent clients in other jurisdictions.

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