Tagged: federal trade commission

August 29, 2019 @ 2:37 am By Cali Haan  |  

Three defendants who used “deceptive” marketing practices to pervade cryptocurrency “chain referral schemes” called “Bitcoin Funding Team” and “My7Network,” as well as a fourth man who also falsely promoted “Jetcoin,” have settled with the US Federal Trade Commission (FTC). The men, Thomas Dluca, Louis Gatto, Eric… Read More

June 28, 2018 @ 11:06 am By Cali Haan  |  

The Director of the Federal Trade Commission’s Consumer Protection Bureau, Andrew Smith, says investors lost $532 million to crypto scams in the first two months of this year, and will lose $3 billion by the end of it, Coindesk reports. Smith was speaking at a… Read More

April 25, 2018 @ 2:01 pm By JD Alois  |  

LendingClub (NYSE:LC), the largest marketplace lending platform in the US, has posted a response to a US Federal Trade Commission (FTC) complaint that was launched in 2016. In brief, LendingClub had this to say: “We do not agree and are very disappointed that it was… Read More

January 25, 2017 @ 10:11 am By JD Alois  |  

Breathometer, the “world’s first smartphone breathalyzer”, raised $138,437 on Indiegogo back in 2013. The following year, Breathometer visited the studios of Shark Tank where founder Charles Michael Yim “blew the sharks out of the water.” He asked for a mere $250,000.  And what happened? All… Read More

October 4, 2016 @ 3:08 pm By JD Alois  |  

A federal court has sided with the Federal Trade Commission (FTC) imposing a record $1.3 billion fine against race car driver Scott A. Tucker and his associates affiliated with AMG Payday Lending. Tucker also faces a criminal trial in New York, according to the Kansas… Read More

August 20, 2016 @ 9:28 am By JD Alois  |  

The Federal Trade Commission (FTC) recently announced their next Fintech Forum.  The next event will take place on October 26th at the FTC HQ in Washington, DC. This is a free event and is open to the public.  The first event addressed Marketplace Lending and… Read More

June 11, 2016 @ 10:00 am By JD Alois  |  

The Federal Trade Commission (FTC) held its first in a series of forums on Fintech this past week.  At the top of the list was the marketplace lending sector. Marketplace lending, originally labeled Peer to Peer lending, has been a hot topic within the financial… Read More

May 27, 2016 @ 8:59 am By JD Alois  |  

The Federal Trade Commission (FTC) is launching a series of forums to discuss the evolving Fintech sector, pretty much everything to do with finance moving online. The first in the series will begin next month, on June 9th, at the FTC’s Constitution Center in Washington,… Read More

June 11, 2015 @ 9:11 pm By JD Alois  |  

The Federal Trade Commission (FTC) settled charges today with a crowdfunding campaign creator that failed to deliver promised perks to backers. Erik Chevalier, doing business as the Forking Path Company, successfully raised over $122,000 from 1,246 backers.  Instead of using the money to fulfill his… Read More