FTC shuts down work-from-home corporations

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carissaM
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FTC shuts down work-from-home corporations
Over 90 corporations have been summarily shut down by the Federal Trade Commission. These work-at-home corporations allegedly defrauded consumers out of millions of dollars. Unemployed individuals were often targeted by these companies. The businesses offered work-from-home information and classes, promising thousands of dollars of income in just months. Resource for this article - Federal Trade Commission shuts down work-from-home companies by MoneyBlogNewz. Work-at-home companies targeted Assets were frozen while shutdown notifications were sent to several work-from-home programs in the United States. This was done by the Federal Trade Commission and Department of Justice working together on it. Due to the Operation Empty promises, these shutdowns along with criminal counts being filed both locally and on the state level have been incorporated in an enforcement effort. The businesses supposedly tricked customers into doing work for a profit at home. The largest companies closed include:
  • Ivy Capital
  • Darling Angel Pin Creations Inc.
  • Global U.S. Resources
  • U.S. Work Alliance Inc.
  • Preferred Platinum Services Network
  • Abili-Staff Ltd.
  • Entertainment Work Inc.
  • La Asociacion Nacional de Trabajo
Troubles with business fraud The individuals targeted by these allegedly fraudulent companies have lost significant amounts of money. There were telemarketers used to make phone calls to those without work. “How to start your own business” classes were offered. The price of these webinars varied from $2,000 to $30,000. In several cases, the telemarketers would discover out what kind of credit limit the customers had on their cards and then charge close to that amount. The majority of the businesses didn’t respond when funds were requested. If they did respond, it was with a few hundred dollars only. About $40 million was earned by targeted business Ivy Capital because of this. Concentrating on the unemployed Individuals who are unemployed are the targeted audience. Typically this just makes things worse. Even though the joblessness rate in the U.S. is going down, it's not going down easily. The “real” income is going down, even with a rise in jobs, since many people are taking jobst that pay less than they were making. This essentially jobless recovery is putting further strain on social services facing funding cuts. It is very unlikely that victims of these corporations can be compensated for the money lost when the businesses are closed. Information from Los Angeles Times latimes.com/business/la-fi-ftc-scams-20110303,0,4514894.story PC World pcworld.com/businesscenter/article/221170/ftc_DOJ_crack_down_on_moneymaking_schemes.html
jacko_vdz
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Joined: 04/05/2009 - 8:49pm
Such lowlifes. Preying on people who are struggling so much that they are likely to believe any promise of more $$$ thrown their way.