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Monthly Archive for: ‘September, 2013’

FTC Stops Business Opportunity Scheme that Cost Over $6 Million

The federal district court for the District of Arizona, at the Federal Trade Commission’s request, has frozen the assets of the defendants’ against whom the FTC has alleged falsely promised consumers in the U.S. and Canada that they could make money by referring merchants in their area to a non-existent money-lending service.

The court also appointed a receiver for the operation, which allegedly collected more than $6 million from consumers, as the FTC seeks to shut down the operation permanently and return money to consumers.Read More