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FTC Concludes Crackdown on Fake News Sites with $1.6 Million Beony Settlements

The Federal Trade Commission has announced two proposed settlements that will conclude their sweep against online marketers that allegedly used fake news sites to promote weight-loss products. 

The two settlements, one with Beony International and owner Mario Milanovic and one with Beony International employee Cody Adams, each impose a $13 million judgment. However, that will be suspended when the defendants pay more $1.6 million and sell a 2008 Porsche.  However, if the financial information the defendants provided is later determined to have been false, the full amount of the judgments will be imposed. Read More