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Thursday, July 2, 2020

Peloton sues NordicTrack maker Icon

Peloton, maker of the popular Peloton bike, is suing competitor Icon Health & Fitness Inc, maker of NordicTrack, for patent infringement. Peloton alleges that...

SEC stops California investment adviser’s Ponzi scheme targeting seniors

The Securities and Exchange Commission (SEC) stopped an investment adviser and his entities’ Ponzi scheme targeting senior citizens in Southern California. On Tuesday, the SEC...

Investors file class-action lawsuit against Block.one over its alleged “fraudulent scheme”

Block.one, a blockchain software company that developed the cryptocurrency or digital token called EOS, is facing a class-action lawsuit. The Crypto Assets Opportunity Fund (CAOF)...
Covid-19 false claims

FTC obtains order banning home security company from outbound telemarketing  

The Federal Trade Commission (FTC) obtained a final court order prohibiting a home security installation company from engaging in almost all outbound telemarketing. According to...

FTC sues telemarketers, debt collector for scamming organizations for books and newsletter subscriptions they...

The Federal Trade Commission (FTC) filed a lawsuit against telemarketers and a debt collector responsible for scamming organizations such as police departments, schools, and...

SEC sues Praxsyn and its CEO over alleged COVID-19 scam

The Securities and Exchange Commission (SEC) filed a lawsuit Praxsyn Corporation and its CEO, Frank Brady, over its alleged fraudulent conduct related to the...

U.S. Authorities seize COVID-19 website from owner trying to sell it for bitcoin

The U.S. Department of Justice (DOJ) and the Department of Homeland Security (DHS) seized a COVID-19 website from its owner who was attempting to...

SEC sues Dropil and its founders for allegedly conducting fraudulent ICO

The Securities and Exchange Commission (SEC) filed a lawsuit against Dropil Inc., a California-based company operating a cryptocurrency platform, for allegedly conducting a fraudulent...
Facebook bans ads for bitcoin, ICOs, cryptocurrencies

Federal Court approves $5 billion settlement between Facebook and FTC

A federal court approved the $5 billion settlement between Facebook and the Federal Trade Commission (FTC), which will resolve the social media giant’s consumer...
RevenueWire settles with FTC

Tech support scams’ credit card launderer to pay $6.75 million to settle FTC charges

A Canadian company that helped tech support scams in laundering credit card payments reached a settlement agreement with the Federal Trade Commission (FTC). According to...

Must Read

Amy McGrath to face off against Mitch McConnell

Amy McGrath, former marine fighter pilot, pulled in a tight win for the Democratic nomination in this year's Kentucky Senate Primary. She took 45%...