FTC Sues Companies That Touted Get-Rich-Quick Scheme On Facebook

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FTC Sues Companies That Touted Get-Rich-Quick Scheme On Facebook

By Wendy Davis 

The Federal Trade Commission has obtained an order against companies that allegedly ran ads on Facebook and Instagram to market a bogus get-rich-quick scheme.

Digital Altitude, Aspire Processing and other related companies sold paid memberships to a program that was supposed to help consumers make extra money from home, the FTC alleged in a complaint unveiled Thursday. Some consumers paid more than $50,000 for their memberships, the FTC alleged in its complaint, filed in U.S. District Court for the Central District of California. In total, the companies allegedly raked in more than $14 million by duping consumers, according to the FTC.

On February 1, U.S. District Court Judge John Kronstadt in the Central District of California entered a temporary restraining order banning Digital Altitude and the other companies from misrepresenting their program. Kronstadt also froze the assets of the companies and their officers.

Read full article and learn more about Deceptive Advertising here.

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Disclaimer:  This article is provided for informational purposes only. It’s not legal advice, and no attorney-client relationship is created. Neither the author nor FTC Guardian, Inc. is endorsed by the Federal Trade Commission.

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