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“Binary options” put buyers in a bind

Over the years, lots of rip-offs have been built around exotic “investment” strategies that were pitched as simple. Recently, the Securities and Exchange Commission  and the Commodity Futures Trading Commission ssued warnings about investment scams using “binary options” as a hook.

Not familiar with binary options? Then you’re probably better off keeping your money in your pocket. In fact, you can stop reading now, unless you’re fascinated by financial products with poor performance records and a tendency to attract scammers.

Blog Topics: 
Jobs & Making Money

Bogus trampoline review sites left buyers up in the air

When shopping for a big-ticket item, you probably do some research. Whether talking to friends, perusing a store, or checking online reviews, you want to get the most for your money. You might even look for reviews or certifications from independent review organizations to help make your decision.

What if you found out that some of those “independent” review organizations were actually owned by the company whose products they were promoting? That’s just the case with a recent FTC settlement announced today involving the owners of several trampoline companies. The problem? The owners also ran several trampoline review websites that claimed to be independent organizations and featured product reviews supposedly written by impartial experts. The truth is, the owners were running these websites, writing the reviews, and using them to promote their own products.

Blog Topics: 
Health & Fitness

Pure Health and Genesis Today refunds

The FTC will mail more than $1.9 million in refund checks to people who bought Pure Health and Genesis Today green coffee bean extract supplements from stores including Walmart. More than 38,500 people will get back 100% of the money they paid for the products.

Amazon offers refunds for unauthorized in-app charges

Amazon will make up to $70 million in refunds available to customers who were charged for unauthorized in-app purchases made by a child. You may be eligible for a refund from Amazon if you were billed for unauthorized charges made by a child, and the charges were for in-app purchases made between November 2011 and May 2016.

Blog Topics: 
Money & Credit

Honor and remember

Whether stationed stateside or deployed to another part of the world, our military personnel make sacrifices during their service.

Blog Topics: 
Jobs & Making Money

Student loan scam gets an F from the FTC

The costs of student loans and fees can be overwhelming. You might see online ads that promise to help lower your payments or get your loans forgiven. But be wary of companies that make those promises, and never pay an upfront fee.

Blog Topics: 
Money & Credit

How fast will identity thieves use stolen info?

If you’ve been affected by a data breach, or otherwise had your information hacked or stolen, you’ve probably asked yourself, “What happens when my stolen information is made public?” At the FTC’s Identity Theft workshop this morning, our Office of Technology staff reported on research they did to find out.

I’d like a scam-free vacation

Summer is around the corner, and I’m dreaming about my next vacation! There are so many places to visit, and a lot of travel deals to consider. My budget and time are limited, so I have to choose carefully. I simply can’t afford losing out to a travel scam.

Blog Topics: 
Money & Credit

Scam calls to immigrants

When you tell us about a scam, it helps us investigate scammers. But it also helps us warn other people about the scam – so they can avoid it. Our partners at US Citizenship and Immigration Services (USCIS) told us about a new twist on a common phone scam: scammers are calling immigrants in the US – but this time, the scammers are pretending to be from Immigration, Refugees, and Citizenship Canada (IRCC).

Blog Topics: 
Money & Credit

New Medicare cards are on the way

Changes are coming to your Medicare card. By April 2019, your card will be replaced with one that no longer shows your Social Security number. And it will all happen automatically – you won’t have to pay anyone or give anyone information, no matter what someone might tell you.

Blog Topics: 
Health & Fitness

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