Refunds target misleading credit offers promising high odds of approval. The Federal Trade Commission (FTC) is distributing more than $2.5 million to nearly 51,000 consumers misled by Credit…
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FTC Refunds Consumers for Deceptive Alcohol-Craving Supplement Claims
Purchasers of Sobrenix receive compensation after FTC addresses unsubstantiated health claims. The Federal Trade Commission (FTC) is issuing more than $536,000 in refunds to consumers who purchased Sobrenix,…
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FTC Report Calls for Stronger Protections Against Fraud on Seniors
The FTC and Advisory Group work to address fraud targeting the elderly as over $1.9 billion lost to scams in 2023. The Federal Trade Commission (FTC) recently released…
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Treasury AI, Fraud Detection Recovers $4 Billion in Improper Payments
Expanding the identification process significantly increases 2024 fraud recovery. The Treasury Department prevented $4 billion of improper payments within government agencies in the 2024 fiscal year, announcing the…
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SEC Charges Crypto Market Manipulators in Fraudulent Trading Scheme
Investors were deceived by artificial trading volume and price manipulation. The Securities and Exchange Commission (SEC) filed fraud charges against three companies and nine individuals for engaging in…
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Supreme Court Declines Appeal by Former Pharma Executive
The court upholds the $64 million penalty, holding the former CEO liable for price gouging and fraud. The Supreme Court declined to hear an appeal filed by former…
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Costa Rica, Dominican Republic, and Panama Join FTC’s International Agreement
The new partners will enhance cross-border collaboration on consumer protections from fraud and illegal practices. The Federal Trade Commission (FTC) announced that consumer protection agencies from Costa Rica,…
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SEC Charges Hacker for Insider Trading on Stolen Earnings Data
A U.K. citizen used sophisticated technology to hide his identity. The U.S. Securities and Exchange Commission (SEC) has charged a U.K. citizen for hacking into the computer systems…
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Treasury Department Takes Action on Mail Theft Check Fraud
Federal agencies and Postal unions call for stronger protections as mail theft-related fraud rises nationwide. The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) reported a significant rise in…
Read MoreEsmark and Founder Settle SEC Charges Over False U.S. Steel Tender Offer
SEC fines Esmark Inc. and James Bouchard for announcing a $7.8 billion tender offer for U.S. Steel without having the financial means to complete the deal. The Securities…
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