Attorney, Division of Consumer & Business Education, FTC
Scammers try to contact you in many ways. They call, email, put ads online, send messages on social media and more. If you own a small business, they’re trying to contact you too. Lately we’ve been hearing about scams through Facebook messages directed to small business owners.
Are you ready to patent and market an invention? If so, you may be looking for help – and bogus invention-promotion firms may be looking for you. Today, the FTC announced that it filed a lawsuit against two companies and their owner for running an invention-promotion scam that took thousands of dollars from people and, in many cases, stole their dreams of becoming entrepreneurs.
Acting Director, Bureau of Consumer Protection, FTC
Welcome to National Consumer Protection Week 2017! March signals the start of Spring – a time of reassessment, growth and renewal that brings positive change. It’s also a good time to renew our commitment to helping people in our communities be savvy consumers.
Did you get a high school “diploma” from Stratford Career Institute or are you currently enrolled in its high school program? If so, you want to read this. Last February, the FTC sued Stratford Career Institute for misleading advertising of its high school program. Today, the FTC announcedd that Stratford has agreed to return money to people it deceived.
When you’re on the hunt for income, the last thing you want is to be misled about the earnings and benefits that a business opportunity offers. Today, the FTC announced that Uber agreed to a $20 million settlement of the FTC’s charges that the company made false or unsupported claims regarding its drivers’ likely income and the benefits of its Vehicle Solutions Program.
National Consumer Protection Week (NCPW) is around the corner! The annual event – March 5-11, 2017 – is a time to help people understand their consumer rights, make well-informed decisions about money, and spot scams.
Associate Director, Division of Marketing Practices, FTC
Last July, we told you about the FTC’s settlement with Herbalife, which made the multilevel marketing company not only restructure how it does business, but also pay $200 million to people who lost money trying to run an Herbalife business. Today, we mailed checks to about 350,000 of them. Are you thinking about a multilevel marketing (MLM) business opportunity? Every year, many people join MLM plans – and many also leave. Before joining any MLM company, do some research. Your time and money are too valuable not to. Here are a few things to consider:
Assistant Director, Division of Consumer and Business Education, FTC
You might have read about the FTC’s case against Vemma Nutrition Company, a business “opportunity” with pitches that promised big money from selling an energy drink. In 2015, the FTC filed suit, alleging that Vemma was running an illegal pyramid scheme and targeting college students.
Lots of people choose a college to boost their earning potential. So it might have been appealing if you came across an ad from DeVry claiming that 90 percent of graduates actively seeking employment landed jobs in their field within six months of graduation. And that DeVry bachelor’s degree graduates, on average, had 15 percent higher incomes one year after graduation than the graduates of all other colleges or universities.