TRLF Blog

The FTC reports a dramatic rise in cryptocurrency scams

Cryptocurrency has gotten lots of attention as a new way to invest. But here’s the thing: scammers are taking advantage of people’s understanding (or not) of cryptocurrency investments, and how they work. And younger people are losing big. In fact, the FTC’s new data spotlight shows that, since October 2020, nearly 7,000 people reported losses …

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Florida Auto Insurance Reform

Florida’s current auto insurance system is broken, which is why Florida drivers pay 81 percent more than other drivers nationwide. With one in four Florida drivers uninsured and underinsured, we are long overdue for responsibility-based auto insurance in Florida. Last week, the Florida Legislature passed legislation that reduces auto insurance rates for the vast majority of …

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FTC continues to crack down on companies peddling fake COVID treatments and cures

As part of our ongoing efforts to protect you from sellers of scam COVID-19 treatments, the FTC has sent 30 warning letters to companies that claimed their products can prevent, treat, or cure COVID-19. These letters gave the sellers 48 hours to notify the FTC of the specific actions they have taken to address the …

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Unemployment Scams are Surging: Here’s Tips to Keep Yourself Safe

Fraudsters Target Pandemic Assistance Programs Fraudulent unemployment claims filed in the US are surging during the COVID-19 pandemic as scammers take advantage of government unemployment assistance. Scammers are applying for unemployment benefits in victims’ names and getting the cash deposited into their own bank accounts. Since the onset of the pandemic, more than $89 billion …

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$11M in Refunds to Consumers Affected by Credit Card Interest Rate Reduction Scam

The Federal Trade Commission is sending full refunds totaling more than $11 million to consumers who lost money to a bogus credit card interest rate reduction scheme operated by E.M. Systems & Services. The FTC and the State of Florida alleged that the company’s owners, Steven D. Short and Karissa L. Dyar, used a variety of phony …

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FTC and DOJ bring first case under new COVID-19 consumer protection law

There are no supplements proven to treat or prevent COVID-19. But that doesn’t stop some companies from making these kind of unsubstantiated claims, or even false claims that their products work as well — or better — than available COVID-19 vaccines. If you see claims like these, the FTC wants you to ignore them. The …

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