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FTC Sues to Stop the Potentially Illegal Integration of New Orleans Area Hospitals Over Failure to Follow Federal Reporting Law

Retrieved on:

Thursday, April 20, 2023

"We are seeking to hold LCMC accountable for disregarding the law by ignoring filing requirements and prematurely consummating their deal,” said FTC Chair Lina M. Khan.

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"We are seeking to hold LCMC accountable for disregarding the law by ignoring filing requirements and prematurely consummating their deal,” said FTC Chair Lina M. Khan.
Despite that, the agency said, LCMC and HCA consummated the transaction on January 3 without ever reporting it to the agencies.
The Compliance, Premerger Notification, Office of General Counsel, and Mergers IV divisions were responsible for this matter.
For the latest news and resources, follow the FTC on social media, subscribe to press releases and read our blog.

Ashley Madison settles with FTC over data security

Retrieved on:

Wednesday, April 19, 2023

Ashley Madison settles with FTC over data security If you care about data security and privacy, you’ll want to read about the FTC’s settlement with ruby Corporation, ruby Life Inc., and ADL Media Inc. – the companies that operate AshleyMadison.com.

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Ashley Madison settles with FTC over data security

If you care about data security and privacy, you’ll want to read about the FTC’s settlement with ruby Corporation, ruby Life Inc., and ADL Media Inc. – the companies that operate AshleyMadison.com.
Then, it used “engager profiles” – fake profiles created by staff who communicated as if they were actual female users.
The company created these profiles by using information from existing members who had not had any account activity for a while.
The group threatened to release all of the website’s user information unless Ashley Madison shut down.
The FTC’s complaint alleges that AshleyMadison.com engaged in several practices that failed to provide reasonable data security, including:

$586 million Western Union settlement: Be careful about the company your company keeps

Retrieved on:

Wednesday, April 19, 2023

$586 million Western Union settlement: Be careful about the company your company keepsAccording to the lawsuit, the company’s own in-house data documented that. For example, between 2004 and 2015, Western Union received 146,909 complaints about bogus online purchases, totaling at least $187 million in losses.

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$586 million Western Union settlement: Be careful about the company your company keeps

According to the lawsuit, the company’s own in-house data documented that. For example, between 2004 and 2015, Western Union received 146,909 complaints about bogus online purchases, totaling at least $187 million in losses.
Fraudulent lotteries accounted for another 75,543 complaints, totaling $86 million in losses.
Of Western Union’s total network of 515,000 agents, the FTC says a small number account for the vast majority of consumer complaints.
In 2012, Mexico had 17,710 Western Union agent locations, but 137 – less than 1% of them – accounted for more than 80% of the reported fraud.
In certain countries where Western Union was at a particularly high risk for use by criminals – Nigeria, for example – Western Union had rarely, if ever, terminated an agent for fraud as of October 2015.

FTC Action Leads to Civil Penalties, Strict Requirements for Funeral and Cremation Provider That Withheld Remains from Loved Ones to Extract Payment

Retrieved on:

Monday, April 17, 2023

The complaint also alleged that when consumers were presented with undisclosed fees and higher prices, the defendants in some cases withheld the remains of their loved ones to extract payment.

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The complaint also alleged that when consumers were presented with undisclosed fees and higher prices, the defendants in some cases withheld the remains of their loved ones to extract payment.
- Pay a civil penalty: The order requires the defendants to pay $275,000 in civil penalties.
The Department of Justice filed the order and civil penalty judgment on behalf of the Commission in the U.S. District Court for the District of Florida.
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 Action Leads to Civil Penalties, Strict Requirements for Funeral and Cremation Provider That Withheld Remains from Loved Ones to Extract Payment

Retrieved on:

Monday, April 17, 2023

The complaint also alleged that when consumers were presented with undisclosed fees and higher prices, the defendants in some cases withheld the remains of their loved ones to extract payment.

Key Points:

The complaint also alleged that when consumers were presented with undisclosed fees and higher prices, the defendants in some cases withheld the remains of their loved ones to extract payment.
- Pay a civil penalty: The order requires the defendants to pay $275,000 in civil penalties.
The Department of Justice filed the order and civil penalty judgment on behalf of the Commission in the U.S. District Court for the District of Florida.
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 Acts to Block Payment Processor’s Credit Card Laundering for Tech Support Scammers

Retrieved on:

Monday, April 17, 2023

The Federal Trade Commission has acted to stop Nexway, a multinational payment processing company, along with its CEO and chief strategy officer, from serving as a facilitator for the tech support scammers through credit card laundering.

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The Federal Trade Commission has acted to stop Nexway, a multinational payment processing company, along with its CEO and chief strategy officer, from serving as a facilitator for the tech support scammers through credit card laundering.
The defendants in the case have agreed to court orders that prohibit them from any further payment laundering and require them to closely monitor other high-risk clients for illegal activity.
The complaint details Nexway’s relationships with tech support scammers, in which Nexway acquired credit card merchant accounts and then used those accounts to collect money from consumers on behalf of the scammers.
The complaint charges that Nexway, Iezuitov, and Potenzone were aware that their tech support clients were scammers and directly received numerous complaints about the companies.

If the defendants are found to have lied to the FTC about the financial status, the full judgment would be immediately payable.
The Commission vote to authorize the staff to refer the complaint to the DOJ and to approve the proposed consent decree was 4-0.
The vote on this matter closed on February 16, 2023, prior to former Commissioner Christine S. Wilson’s departure from the Commission.

FTC Files Amicus Brief in Sage Chemical vs. Supernus Pharmaceutical Supporting Competition in the Market for Drug Used to Treat Advanced Parkinson’s Disease

Retrieved on:

Tuesday, March 21, 2023

Sage, Commission, Blog, Social media, District, Federal Trade Commission, Medicare Part D, Medicare, Motion, District court, Patient, FTC, FDA, Douglas v. U.S. District Court ex rel Talk America, News, Federal Trade Commission v. Meta Platforms, Inc., Pharmaceutical industry, Generic drug, Apomorphine

Apokyn is an injectable drug used to treat patients with symptoms of advanced Parkinson’s Disease.

Key Points:

Apokyn is an injectable drug used to treat patients with symptoms of advanced Parkinson’s Disease.
Apokyn’s cost per patient to the Medicare Part D program in 2020 was close to $100,000.
According to the FTC’s brief, “This case may have significant implications for patients who rely on apomorphine to treat debilitating symptoms of advanced Parkinson’s Disease.
For the latest news and resources, follow the FTC on social media, subscribe to press releases and read our blog.

FTC Files Amicus Brief in Sage Chemical vs. Supernus Pharmaceutical Supporting Competition in the Market for Drug Used to Treat Advanced Parkinson’s Disease

Retrieved on:

Tuesday, March 21, 2023

Apokyn is an injectable drug used to treat patients with symptoms of advanced Parkinson’s Disease.

Key Points:

Apokyn is an injectable drug used to treat patients with symptoms of advanced Parkinson’s Disease.
Apokyn’s cost per patient to the Medicare Part D program in 2020 was close to $100,000.
According to the FTC’s brief, “This case may have significant implications for patients who rely on apomorphine to treat debilitating symptoms of advanced Parkinson’s Disease.
For the latest news and resources, follow the FTC on social media, subscribe to press releases and read our blog.