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FTC Charges Online Marketing Scheme with Deceiving Shoppers

One-time “trial” offer for tooth whitener led to recurring $200 monthly charges The Federal Trade Commission has charged an online marketing operation with deceptively luring people into an expensive negative option scam using an initial low-cost ($1.03, plus shipping and handling) “trial” offer for tooth whiteners and other products. A federal court temporarily halted the operation and froze its assets …

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FTC Files Charges Against Independent Sales Organization and Sales Agents

Defendants Laundered Transactions for ‘Money Now Funding’ Scheme The Federal Trade Commission has charged 12 defendants with laundering millions of dollars in credit card charges through fraudulent merchant accounts. According to the complaint filed by the FTC, the defendants arranged for a deceptive operation known as Money Now Funding (MNF) to obtain and maintain merchant accounts that allowed it to …

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Scammers Impersonate the National Institutes of Health

Consumers are reporting another government imposter scam – this time the scammers are pretending to be calling from the National Institutes of Health (NIH). According to reports, callers are telling people they’ve been selected to receive a $14,000 grant from NIH. To get it, though, callers tell people to pay a fee through an iTunes or Green Dot card, or …

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What Happens to My Parent Plus Student Loan When My Mom Dies?

Question: Dear Steve, Mom passed away unexpectedly last week, we live in the state of California. My brother went to college in Savanah. My Mom had 100+k for my brothers school in parent plus loans. I just found out because my stepdad consigned the loans but has almost not income to pay for them. It seems the nature of federal …

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Launder Payments for a Scam. Get Caught, Too.

At the FTC, one lawsuit can lead to another. Two years ago, the FTC shut down Money Now Funding, a scam that promised people they would earn thousands to find and refer small businesses in need of a loan. After people paid the required upfront fee, they found out there was no business “opportunity” there. Instead, the company just took …

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Reduce Credit Card Interest Rates.

With your situation , reducing your credit card interest rates is often accomplished one of three ways. 1. You take out a consolidation loan and use all of that money to pay off the credit cards. Your current debt to income ratio may prevent you from qualifying for a debt consolidation loan in the size that you would need to …