FTC Adds New Charges, Additional Defendants in Case Against Alleged Pyramid Scheme

The Federal Trade Commission has added new charges and defendants to its ongoing case against the operators of multiple alleged pyramid schemes.

Metadata
Provider: 
FTCFTC
URL: 
https://www.ftc.gov/news-events/press-releases/2020/09/new-charges-defendants-case-against-alleged-pyramid-schemehttps://www.ftc.gov/news-events/press-releases/2020/09/new-charges-defendants-case-against-alleged-pyramid-scheme
Retrieved on: 
Thursday, September 24, 2020
Information
Tags: 
Corporate crime, Federal Trade Commission, Pyramid scheme, Deception, Fraud, Economy
Summary
Key Points: 
  • The Federal Trade Commission has added new charges and defendants to its ongoing case against the operators of multiple alleged pyramid schemes.
  • The amended complaint alleges that the defendants were operating an additional pyramid scheme known as VOZ Travel.
  • According to the amended complaint, the defendants sold consumers VOZ Travel memberships for at least $1,000 each.
  • In addition to the VOZ Travel charges, the complaint adds two additional corporate defendants: Nevada-based Enhanced Capital Funding and Uruguay-based corporation Rinpark SA.
Copyright: 
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