Scam

FTC Returns More Than $1 Million To Consumers Harmed by Global Asset Financial Services Debt Collection Scheme

The Federal Trade Commission is sending payments totaling more than $1 million to 1,966 consumers who were harmed by a debt collection scheme that conned consumers into paying debts they did not owe. The defendants used several names including GAFS Group, Global Mediation Group, and Mediation Services. Consumers will be recovering all the money they …

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FTC Returns More Than $149 Million to People Harmed by AdvoCare Pyramid Scheme

The Federal Trade Commission is returning more than $149 million to AdvoCare distributors who lost money as a result of the AdvoCare pyramid scheme. The FTC sued AdvoCare in 2019, alleging that the multi-level marketing company operated an illegal pyramid scheme that deceived consumers into believing they could earn significant income as “distributors” of its …

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FTC Shuts Down Student Loan Scam: US Financial Freedom

The remaining defendants in a deceptive student loan debt relief scheme are permanently banned from providing all student loan debt relief products and services in settlements with the Federal Trade Commission. The settlements with Jay Singh, the two corporate defendants he controls, and seven other corporate entities resolve charges the FTC in brought in November 2019 against …

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Auto Marketer Banned For Misleading Consumers Regarding Government Stimulus.

A marketing services company and its owner will be banned from the auto industry under an Order issued by the Federal Trade Commission after the Commission found that they illegally misled consumers to believe their websites were affiliated with a government stimulus program and sent consumers deceptive mailings about prizes they had supposedly won. In …

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FTC Shuts Down Another Student Loan Company

The Federal Trade Commission obtained an order permanently banning a payment processor that facilitated a fraudulent student loan debt relief scheme from processing debt relief payments.  The order also requires the company and its owner to surrender $500,000 to the FTC for consumer redress. The FTC’s complaint against Automatic Funds Transfer Services, Inc. (AFTS) and its owner, Eric Johnson, …

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