
FTC Wins Judgement Against $450 Million Revenue Infomercial Makers
FTC Wins Judgment Against Makers Of 3 Get-Rich-Quick Infomercials - The Consumerist
A few snippets of info that I found interesting:
The court sided with the FTC in finding that the defendants failed to adequately disclose that consumers who purchased the systems would be enrolled in a $39.95/month subscription plan. Oh — and customers' payment information was used without their express informed consent, in violation of the FTC Act and the Telemarketing Sales Rule.
The FTC alleged that less than 1% of consumers who purchased the systems made a profit.
There were "personal coaching services" were sold to consumers for as much as $14,995.
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