March 12, 2014 |
The rancorous battle over Herbalife's business practices took a critical turn as the company revealed that it is being investigated by the Federal Trade Commission. Herbalife did not reveal details of the probe, but the Los Angeles nutritional products maker reiterated its long-held position that its business model is sound. The company has been the target of accusations that it operates a pyramid scheme. "Herbalife welcomes the inquiry given the tremendous amount of misinformation in the marketplace, and will cooperate fully with the FTC," the company said in a statement.
October 3, 2012 |
The Federal Trade Commission is teaming up with tech companies and regulatory agencies around the world to crack down on tech-support scams that may have already cost U.S. consumers tens of millions of dollars. In a tech-support scam, typically originating out of India, callers claiming to be with a trusted security company tell consumers that their computers may have been infected with a virus or malware. The callers then trick people into purchasing anti-virus software they don't need, which can often range in price from $49 to $450.
February 17, 2012 |
In the wake of evidence that Google Inc. circumvented privacy protections on the iPhone, federal lawmakers are asking if the company violated the terms of its broad privacy settlement with the Federal Trade Commission. The FTC settlement, finalized in October ,"bars the company from future privacy misrepresentations," and required Google to implement a comprehensive privacy program. But Reps. Edward J. Markey (D-Mass.), Joe Barton (R-Texas) and Cliff Sterns (R-Fla.)
July 3, 2013 |
Media mogul Barry Diller is speaking up about his recent tiff with the Federal Trade Commission involving his stake in Coca-Cola Co. The executive behind the launch of Fox Broadcasting and a former chief executive of Paramount Pictures has agreed to pay $480,000 to resolve FTC allegations that he failed to properly disclose his purchases of Coke stock between 2010 and 2012. Because the purchases brought his holdings above $63.4 million, he was required to disclose them to the FTC but failed to do so, the agency said.
April 26, 2012 |
Is Google on the verge of an antitrust showdown with federal regulators? The Federal Trade Commission, which is investigating whether Google has abused its colossal share of the U.S. search market and put competitors at a disadvantage, has unsheathed a new weapon in its year-old probe of the search giant: It has hired a prominent outside litigator, known for her firepower in the courtroom, to oversee the investigation. It's the strongest signal yet that the agency is preparing to take on Google.
October 3, 2011 |
The erstwhile-caffeinated alcoholic drink Four Loko will now have to make another adjustment in order to settle claims by the Federal Trade Commission of deceptive advertising. Drink maker Phusion Projects claimed that a 23.5-ounce can of Four Loko (with 11% or 12% alcohol) contained as much alcohol as one or two 12-ounce beers, the FTC alleged , and that a person could safely drink a whole Four Loko can at one time. They want a label that will make it clear that a whole can of the stuff has about as much alcohol as four or five beers.
May 21, 2012 |
It has long been clear that the most wonderful thing about Pom Wonderful pomegranate juice is the spectacular marketing skill that persuades consumers to fork over their hard-earned cash for a liquid that sells for five to six times the price of, oh, cranberry juice. As we've mentioned in the past , the key to that marketing is the claim by Pom's makers, the Beverly Hills grandees Stewart and Lynda Resnick and their company, that Pom has wonderful health effects, especially in the areas of prostate cancer, erectile dysfunction, and cardiovascular performance.
June 26, 2012 |
Advertisers, bullies and sexual predators aren't the only ones trying to get their hands on your kid's information online. Don't forget about identity thieves. Although many adults regularly check their own credit reports to keep tabs on activity, most parents don't expect their children to have a credit file to have to check. And they wouldn't, unless someone has snagged the necessary details and commandeered your kids' persona. When a child's identity is stolen, it can be years before it's discovered, according to the Federal Trade Commission.
February 22, 2013 |
The Federal Trade Commission opened a potentially significant new front Friday in its efforts to protect consumers against data theft. The commission announced a settlement with mobile device manufacturer HTC America that requires the company to plug security holes in millions of smartphones and tablet computers, develop a comprehensive approach to data protection and undergo independent security assessments every other year. Federal law gives the commission the authority to go after "unfair" business practices that harm consumers, and it's used that authority increasingly in recent years to crack down on companies that don't safeguard the sensitive data they collect from customers.
May 31, 2011 |
Here is a roundup of alleged cons, frauds and schemes to watch out for. 'Free' vacation The Federal Trade Commission is suing a company that it said preyed on the Spanish-speaking community. The firm allegedly charged fees for vacation packages that victims supposedly had won in contests but never received. According to a lawsuit filed in Florida, VGC Corp. of America placed ads on Spanish-language television and radio stations that promised prizes to callers if they could answer a trivia question.