FTC Sends $1.2 Million in Refunds to Consumers Harmed by Deceptive Investment Claims
The Federal Trade Commission is sending $1.2 million in refunds to consumers who paid for the advice of supposed experts based on deceptive claims of substantial investment profits.
- The Federal Trade Commission is sending $1.2 million in refunds to consumers who paid for the advice of supposed experts based on deceptive claims of substantial investment profits.
- Indeed, many consumers lost substantial amounts of money in attempting to follow the services’ advice.
- The settlement also prohibits them from making any claims about earnings without having written evidence to back those claims up.
- In 2023, FTC actions led to $324 million in refunds to consumers across the country.