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The Federal Trade Commission won a court judgment against the marketers of three get-rich-quick systems who deceived nearly a million consumers. As part of its ongoing efforts to stop scams that prey upon financially distressed consumers, the FTC is seeking more than $450 million in monetary relief. On April 20, 2012, Federal District Judge ...
Learn more about your rights as a consumer and how to spot and avoid scams. Find the resources you need to understand how consumer protection law impacts your business.
The John Beck system promised to teach consumers how to buy homes for "pennies on the dollar" during government sales, according to the complaint.
The paper reported that according to the FTC complaint consumers who purchased the Beck system and signed up for personal coaching sessions were scammed out of $267 million.
ALAMEDA — A 73-year-old man who went missing Tuesday faces a $113 million judgment from the Federal Trade Commission over a get-rich-quick scam, according to court documents. John Nelson Beck...
The court found that defendants’ easy-money infomercials deceived consumers in violation of the FTC Act because almost all consumers who purchased defendants’ products actually lost money.
As part of the Federal Trade Commission’s ongoing efforts to shut down scams that target financially vulnerable consumers, a U.S. district judge has issued a $478 mi ‘Get-Rich-Quick’ Systems ...
Beck was facing a $113 million judgment against himself personally following a 2009 suit by the Federal Trade Commission that found Beck and several other defendants guilty of scamming...