June 20, 2021

U.S. FTC finds Cambridge Analytica deceived Facebook users

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From Reuters WASHINGTON (Reuters) – U.S. regulators on Friday said they had found now-defunct British political consulting firm Cambridge Analytica deceived consumers about the collection of Facebook Inc data for voter profiling and targeting. The Federal Trade Commission also found that Cambridge Analytica engaged in deceptive practices relating to its participation in the EU-U.S. Privacy […]

Facebook continues to grow like crazy, despite FTC fines

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By Devindra Hardawar From engadget What good is a $5 billion fine when Facebook made $16.9 billion in Q2? Facebook’s $5 billion FTC fine is historic, but everybody knew it was coming. Three months ago, during its last quarterly earnings report, the social network estimated that it would be fined between $3 billion and $5 billion over the Cambridge […]

Caribbean real estate dream turns into $100 million nightmare for retirees

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By Kenneth R. Harney From Chicago Tribune Ever fantasize about fleeing the winter cold and getting in on the ground floor of a beachfront real estate deal in which you double your money in a few years? If you’ve dreamed that dream, here’s how it could turn nightmarish. When Frank Balluff and his wife, Rebecca, purchased […]

Not every crowdfunding campaign is a scam, but the FTC sure thinks this one is

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By Andy Meek From BGR There are almost 3,800 comments at the time of this writing on the Indiegogo campaign page for the iBackPack. That’s the page in support of a fundraising effort to manufacture a TSA-friendly backpack tricked out with tons of features like a GPS system that can help you locate it, a […]

Progressive groups want FTC to split Facebook into multiple companies

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By Swapna Krishna From engadget Whatsapp, Instagram and Messenger would be spun off into separate companies. Today, Axios reports that progressive groups will launch an advertising offensive aimed squarely at Facebook. Their mission? To convince the FTC to break up the company. They also want users on competing social networks to be able to communicate […]

US: Fitness app company settles with FTC for nearly $1 million

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By Rob LeFebvre, From engadget The FTC claims that the app charged customers who canceled or met goals. If you’re going to create a mobile app that offers monetary rewards for meeting fitness goals, you should probably make sure you back your promises up. The Pact fitness app offers users a way to incentivize workouts […]

Barbados: BIM says Sinckler’s words border on being contemptuous

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From Barbados Today The Barbados Integrity Movement (BIM) says it has taken note of Minister of Finance Chris Sinckler’s statement in which he accused the local Fair Trading Commission (FTC) of stalling a deal on the sale of the Barbados National Terminal Company Ltd. (BNTCL) – which is owned by Barbados National Oil Co. Ltd. […]

We should never have told people to take supplements — and a new lawsuit shows why

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By Erin Brodwin From Business Insider More than 5,000 Americans are about to get a check in the mail, after regulators discovered that a Florida-based supplement maker was peddling an herbal drink mix that it claimed could help treat addiction. The company, Sunrise Nutraceuticals, marketed its Elimidrol powdered drink mix as having a “high success […]

NutriMost ‘Ultimate Fat Loss’ system slammed with $32 million judgment for overblown weight loss claims

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By Chris Morran The marketing for the NutriMost Ultimate Fat Loss system claimed that users could drop 40 pounds, or more, in just 40 days, and without having to fret about calories. However, the Federal Trade Commission says that this $1,900 program is not backed by any science, actually requires a starvation-level diet, uses before-and-after […]

FTC, States put remaining defendants in massive Caribbean cruise lines robocall operation in permanent dry dock

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The Federal Trade Commission and 10 states have closed the book on the remaining defendants who assisted a Florida-based cruise line company in running an illegal telemarketing campaign that flooded consumers with billions of unwanted robocalls. In settling the charges, Fred Accuardi and his companies are barred from robocalling and illegal telemarketing, as well as […]