When buying into a timeshare, many owners receive more weeks at the property than they could possibly use in their lives. This has created a second industry that focuses on reselling or renting out the properties. But, as the Federal Trade Commission showed this week, not all of these businesses are legitimate, some are just out to line their own pockets. [More]
As wonderful as it might sound, odds are that no one is trying to call you to give you free money, and anyone who dangles a get-rich-quick scheme in front of you should be quickly ignored. Yet federal regulators say telemarketers tricked seniors and veterans out of their money with these sorts of scams.
Eight months after federal regulators took action to stop a mortgage relief company from making hollow promises to homeowners facing foreclosure, the ringleaders behind the operation have agreed to pay more than $5.4 million in penalties and never work in the mortgage relief or telemarketing business again. [More]
From time to time you may hear of a charity that accepts the donation of older, used vehicles that owners simply no longer have use for, promising to donate the profit of the future sale to a charitable program. While it might seem like a fairly straightforward operation, the state of California claims two such groups weren’t keeping their promises, instead using the funds to pay for their own expenses. [More]
They say that staring at a computer for hours at a time can ruin you vision, so it might be hard to swallow claims that a mobile app can improve your vision… especially when science doesn’t back it up. [More]
Financially distressed consumers on the brink of foreclosure have enough to worry about without having to be on the lookout for shady mortgage relief companies making hollow promises to save their homes. Today, the Federal Trade Commission put an end to an operation that took advantage of homeowners’ vulnerabilities. [More]
Company To Refund Consumers $3.5M Because Cactus Juice Isn’t “Inflammation Relief Without A Prescription”
Advertisements featuring carefree, beautiful smiling people sipping on juice might not be enough to entice someone to buy a product, but plastering claims that the drink is a cure-all for pain could probably do the trick. But when those promises aren’t supported by, you know, actual science, then it’s called deceptive and federal regulators won’t stand for that. [More]