FTC Clamps Down In Tight Economy
If you’ve ever Googled the term “make money online” or anything of the like…I’m sure the phrase Make Money With Google, or, ” Government Subsidized Grants rings a bell.
In what appears to be a world wide crackdown on companies making false claims about college grants, income earning opportunities, mortgages and bogus reward programs, The Federal Trade Commission (FTC), recently announced a world wide crackdown on scams trying to lure customers into non-existent programs advertising various services.
Industries facing the wrath of the FTC are accused of offering phony debt reduction services, get rich quick plans and placing other unauthorized charges on consumers credit or debit cards.
Sounding more like an act of war, the FTC has named the recent sweep as “Operation Short Change.” They announced the plan will include 15 FTC cases, 44 law enforcement actions, with the involvement of 13 states including the District of Columbia.
In response to a question asked about the operation, David Vladeck, Director of the FTC’s Bureau of Consumer Protection said, “Rising unemployment, shrinking credit, record-setting foreclosures, and disappearing retirement accounts are causing consumers tremendous anxiety about making ends meet,
