Comment On Ftc: Work-from-home Coaching Services Scam Conned Millions From Consumers

FTC: Work-From-Home Coaching Services Scam Conned Millions From Consumers

(Don Hankins)Making thousands of dollars a month by working from your couch might seem like a dream come true. But don’t quit your day job just yet, because it’s most likely a scam. Fortunately, there’s now one less “work-from-home” scheme seducing consumers thanks to the Federal Trade Commission.
A federal court entered a temporary restraining order halting an allegedly deceptive scheme that conned millions of dollars from consumers, the FTC announced Monday.
According to the FTC charges, the businesses’ websites told numerous false “rags to riches” stories and made unsubstantiated claims that consumers could earn thousands of dollars a month by purchasing business coaching services and establishing their own internet businesses.
The FTC seeks to put a permanent stop to the operations of the company — which did business under several names, including Essent Media, LLC, Net Training, LLC, YES International, Coaching Department, and Apply Knowledge — and for money to be returned to affected consumers.
The company allegedly violated the FTC Act by misrepresenting earnings and the nature of services. It also allegedly violated the FTC’s Telemarketing Sales Rule by misrepresenting material aspects of investment opportunities.
The scheme worked in three interconnected phases. In the first phase, consumers were enticed by deceptive emails and websites to purchase work-at-home kits costing $37 to $99. The second phase promised consumers would earn thousands of dollars a month using a coaching program to assist in their online business. The system generally cost $3,000 to $12, 000 and consumers were urged to put the cost on their credit cards, leaving many heavily in debt. During the third phase, the company pretended to provide consumers with coaching services while pitching additional costly add-on services.
A preliminary injunction hearing is set for March 20.
In a similar case last week, the FTC announced a series of settlement orders totaling $55.3 million stemming from a 2012 complain that several companies deceived consumers with business or work-at-home opportunities. In reality, the organizations in question tricked consumers into paying to join programs that then had recurring monthly charges.
FTC Halts Multi-Million Dollar Work-From-Home Business Coaching Scheme [Federal Trade Commission]

BING NEWS:
  • FTC Halts Multi-Million Dollar Work-From-Home Business Coaching Scheme
    At the Federal Trade Commission’s request, a federal court entered a temporary restraining order halting a deceptive work-from-home ... massive scam that bilked consumers out of millions for useless work-at-home kits and business coaching services ...
    02/25/2014 - 4:53 am | View Link
  • FTC: Work-From-Home Coaching Services Scam Conned Millions From Consumers
    Making thousands of dollars a month by working from your couch might seem like a dream come true. But don’t quit your day job just yet, because it’s most likely a scam. Fortunately, there’s now one less “work-from-home” scheme seducing consumers ...
    02/24/2014 - 8:21 am | View Link
  • FTC Shuts Down Massive Scam Offering ‘Work-at-Home’ Kits, Coaching
    Case in point: a federal court has frozen the assets of persons and entities tied to a huge work-from-home opportunity promotion “that conned ... scam that bilked consumers out of millions for useless work-at-home kits and business coaching services ...
    02/24/2014 - 6:37 am | View Link
  • More
BING SEARCH:
  • USANA Watch Dog
    This is a very clever trick by USANA that could be used to fool federal regulators such as the FTC by giving the top 1% of associates (who also happen to account for ...
    01/30/2015 - 7:08 pm | View Website
  • Six Figure Program Reviews
    How is the Six Figure Program Different than Other Training Programs? In many ways, the Six Figure Program by Ben Moskel and Dave Clabeaux is the same as other ...
    01/30/2015 - 4:45 pm | View Website
  • Ripoff Report | Scams, reviews, complaints, lawsuits and ...
    Helping you, the consumer... Search the Ripoff Report before you do business with retail stores with bad return policies, checking & credit theft, rebate ...
    01/30/2015 - 3:26 pm | View Website
  • ScamWatchdog.org
    I review the latest Internet work-from-home and passive income products and give you the answers on what works and what doesn't.
    01/30/2015 - 2:54 am | View Website
  • Home-based businesses: Do you really need these services ...
    The Federal Trade Commission (FTC) is the nation’s consumer protection agency. The FTC works to prevent fraudulent, deceptive and unfair business practices in the ...
    01/30/2015 - 1:57 am | View Website
  • More

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Living News