Program

FTC blows the whistle on business coaching program

Retrieved on: 
Saturday, December 3, 2022

But according to the FTC, marketers of business coaching services took consumers for millions by using offside sales tactics that will likely disqualify them from the Truth-in-Advertising Hall of Fame.

Key Points: 
  • But according to the FTC, marketers of business coaching services took consumers for millions by using offside sales tactics that will likely disqualify them from the Truth-in-Advertising Hall of Fame.
  • The complaint alleges that a Utah-based company called Guidance hired telemarketing outfits sales floors to pitch its supposedly personalized business coaching services.
  • According to the FTC, telemarketers pitched the coaching services as an exclusive one-on-one program of business know-how and specialized market research available only to a limited number of qualified people.
  • Once people signed up the initial cost sometimes topped $10,000 the FTC says the defendants blitzed them with pricey upsells.
  • In fact, the FTC says that the overwhelming majority of people who bought the defendants business coaching services were never able to establish a business.
  • To settle the case, the defendants have agreed to broad injunctive provisions and lifetime bans from business coaching or work-at-home opportunities, with narrow exemptions for certain lawful business activities.
  • Before doing business with a business coach, consider these extra points from the FTC.
  • But according to the FTC, marketers of business coaching services took consumers for millions by using offside sales tactics that will likely disqualify them from the Truth-in-Advertising Hall of Fame.

FTC Halts Debt Relief Scheme that Bilked Millions from Consumers While Leaving Many Deeper in Debt

Retrieved on: 
Wednesday, November 30, 2022

Since 2019, Austin, Huffman, and Thompson have operated a network of companies incorporated in Tennessee, Nevada, New Mexico, and Wyoming that have worked together as a common enterprise to support the defendants deceptive credit card debt relief scheme, the FTC alleged.

Key Points: 
  • Since 2019, Austin, Huffman, and Thompson have operated a network of companies incorporated in Tennessee, Nevada, New Mexico, and Wyoming that have worked together as a common enterprise to support the defendants deceptive credit card debt relief scheme, the FTC alleged.
  • - Making phony debt relief promises: In marketing their services, the schemes operators claimed to use several bogus methods to reduce or eliminate consumers credit card debt.
  • For example, they falsely claimed that consumers may qualify for a federal debt relief program or that a consumer doesnt owe the debt because it hasnt been validated.
  • Follow the FTC on social media, read consumer alerts and the business blog, and sign up to get the latest FTC news and alerts.

FTC Halts Debt Relief Scheme that Bilked Millions from Consumers While Leaving Many Deeper in Debt

Retrieved on: 
Wednesday, November 30, 2022

Since 2019, Austin, Huffman, and Thompson have operated a network of companies incorporated in Tennessee, Nevada, New Mexico, and Wyoming that have worked together as a common enterprise to support the defendants deceptive credit card debt relief scheme, the FTC alleged.

Key Points: 
  • Since 2019, Austin, Huffman, and Thompson have operated a network of companies incorporated in Tennessee, Nevada, New Mexico, and Wyoming that have worked together as a common enterprise to support the defendants deceptive credit card debt relief scheme, the FTC alleged.
  • - Making phony debt relief promises: In marketing their services, the schemes operators claimed to use several bogus methods to reduce or eliminate consumers credit card debt.
  • For example, they falsely claimed that consumers may qualify for a federal debt relief program or that a consumer doesnt owe the debt because it hasnt been validated.
  • Follow the FTC on social media, read consumer alerts and the business blog, and sign up to get the latest FTC news and alerts.

Highlights - Structured dialogue with Commissioner Gabriel - Committee on Culture and Education

Retrieved on: 
Tuesday, November 29, 2022

Structured dialogue with Commissioner Gabriel

Key Points: 
  • Structured dialogue with Commissioner Gabriel
    29-11-2022 - 18:07
    On 30 November the CULT Committee will hold a Structured dialogue with Commissioner Mariya Gabriel on priority issues in the fields of culture, education and youth.
  • A particular focus would be given to the legacy of the 2022 European Year of Youth - the European Parliament adopted a resolution on the topic on 24 November.
  • Members of the CULT Committee would also be interested to hear on recent developments on the three MFF programmes - priority areas for 2023 and how the current geopolitical context affected the programme period and implementation of the Programmes in 2023 and beyond.
  • Commissioner Gabriel is also expected to evaluate the negative consequences of the current high inflation levels on the programmes and how this would be factored in the 2023 budget.

FTC Takes Action to Stop DK Automation and Kevin David Hulse From Pitching Phony Amazon and Crypto Moneymaking Schemes

Retrieved on: 
Saturday, November 26, 2022

The Federal Trade Commission is taking action against DK Automation and its owners, Kevin David Hulse and David Shawn Arnett for using unfounded claims of big returns to entice consumers into moneymaking schemes involving Amazon business packages, business coaching, and cryptocurrency.

Key Points: 
  • The Federal Trade Commission is taking action against DK Automation and its owners, Kevin David Hulse and David Shawn Arnett for using unfounded claims of big returns to entice consumers into moneymaking schemes involving Amazon business packages, business coaching, and cryptocurrency.
  • DK Automation ripped off consumers by manipulating reviews and making empty promises of big returns on cryptocurrency investment schemes and bogus business programs," said Samuel Levine, Director of the FTCs Bureau of Consumer Protection.
  • "They ignored warnings that these practices were illegal, and now they are paying the price.
  • The defendants sold their Amazon programs under a number of different names, including AMZDFY, Amazon Done For You, and Amazon Done With You.
  • A June 2022 FTC data spotlight showed that in one 15-month period, consumers reported losing $575 million to cryptocurrency investment scams.
  • These required disclosures include key information that can help consumers have a full picture about the opportunity being sold to them.

FTC Takes Action to Stop DK Automation and Kevin David Hulse From Pitching Phony Amazon and Crypto Moneymaking Schemes

Retrieved on: 
Friday, November 25, 2022

The Federal Trade Commission is taking action against DK Automation and its owners, Kevin David Hulse and David Shawn Arnett for using unfounded claims of big returns to entice consumers into moneymaking schemes involving Amazon business packages, business coaching, and cryptocurrency.

Key Points: 
  • The Federal Trade Commission is taking action against DK Automation and its owners, Kevin David Hulse and David Shawn Arnett for using unfounded claims of big returns to entice consumers into moneymaking schemes involving Amazon business packages, business coaching, and cryptocurrency.
  • DK Automation ripped off consumers by manipulating reviews and making empty promises of big returns on cryptocurrency investment schemes and bogus business programs," said Samuel Levine, Director of the FTCs Bureau of Consumer Protection.
  • "They ignored warnings that these practices were illegal, and now they are paying the price.
  • The defendants sold their Amazon programs under a number of different names, including AMZDFY, Amazon Done For You, and Amazon Done With You.
  • A June 2022 FTC data spotlight showed that in one 15-month period, consumers reported losing $575 million to cryptocurrency investment scams.
  • These required disclosures include key information that can help consumers have a full picture about the opportunity being sold to them.

Buyers burned by BurnLounge

Retrieved on: 
Friday, November 25, 2022

If you or your clients work in the multi-level marketing (MLM) arena, a decision by a federal judge in the FTC's lawsuit against BurnLounge, Inc., merits your attention.

Key Points: 
  • If you or your clients work in the multi-level marketing (MLM) arena, a decision by a federal judge in the FTC's lawsuit against BurnLounge, Inc., merits your attention.
  • After a nine-day trial, the court ordered a total of $17 million in refunds for consumers who were burned by the scam.
  • BurnLounge promoted itself online, through phone calls, and via in-person meetings with claims of big money to be made.
  • BurnLounge claimed to be a cutting edge way to sell digital music through multi-level marketing, but music sales accounted for only a small percentage of the money.

StorageMart Continues Expansion into Gypsum, Colorado with Newest Acquisition

Retrieved on: 
Thursday, November 17, 2022

GYPSUM, Colo., Nov. 17, 2022 /PRNewswire/ -- StorageMart continues to expand in Colorado with the newest acquisition of Friendly Self Storage at 360 Gilder Way in Gypsum, CO. This purchase includes 61,250 total net rentable square feet including 545 storage units and multiple parking spaces, with plans to expand the property. This facility will transition to operate under StorageMart management and branding in the coming days.

Key Points: 
  • The family-operated storage company, headquartered in Columbia, MO, acquired a self storage facility in Gypsum to expand Colorado portfolio.
  • GYPSUM, Colo., Nov. 17, 2022 /PRNewswire/ -- StorageMart continues to expand in Colorado with the newest acquisition of Friendly Self Storage at 360 Gilder Way in Gypsum, CO.
  • StorageMart continues to expand in Colorado with the newest acquisition at 360 Gilder Way in Gypsum, CO.
    "This acquisition provides an opportunity for growth in an existing market that we believe is ripe with upside.
  • The site will also receive general renovations to ensure it is aligned with the StorageMart promise of easy, clean service.

Brinc Unveils New Accelerator Programs for Spring 2023

Retrieved on: 
Thursday, November 17, 2022

Applications for the Spring 2023 cohort are now open at: https://www.brinc.io/accelerators/ .

Key Points: 
  • Applications for the Spring 2023 cohort are now open at: https://www.brinc.io/accelerators/ .
  • The three new global Brinc accelerator programs will focus on:
    Covering innovative, scalable approaches to carbon dioxide removal (CDR), this vertical will provide tailored support to a global network of climate tech founders.
  • Brinc CEO and founder Manav Gupta said: "Spring 2023 will see the introduction of exciting new programs, each of which will contribute to the Brinc ecosystem by promoting inclusivity, sustainability, equitability, or a combination.
  • Headquartered in Hong Kong, Brinc is a leader in global venture acceleration and has operated over 18 multidisciplinary accelerator programs across seven countries.