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FTC
and FDA Against Internet Vendors of
Fraudulent Diabetes Cures and Treatments
The Federal Trade Commission (FTC) and the Food and
Drug Administration (FDA), working with government agencies in Mexico
and Canada, have launched a drive to stop deceptive Internet advertisements
and sales of products misrepresented as cures or treatments for
diabetes.
FTC Warns Advertisers and
Media That Ads May Be Deceptive
The Federal Trade Commission has sent letters to 166 advertisers
and 77 media outlets warning them that their advertisements targeting
Hispanics are potentially deceptive. The ads were spotted during
a one-day surf of Spanish-language newspaper, magazine, Internet,
radio, and television advertisements by 60 partners around the United
States and Latin America, coordinated by the FTC.
Small Businesses
Receive more than
100,000 SBA-Backed Loans in 2006
Small businesses turned to the U.S. Small Business Administration
for commercial financing in record numbers in fiscal year 2006,
setting records for both the number of loans and the dollars loaned,
SBA Administrator Steven C. Preston said.
FTC Moves to Stop Telemarketer Using Phony Caller ID
A nationwide telemarketer of mortgage loans has been calling people
whose numbers are listed on the National Do Not Call Registry, and
doing so without identifying itself, according to the Federal Trade
Commission, which is seeking civil penalties and an injunction against
the telemarketer for violations of the FTC’s Telemarketing
Sales Rule. This is the Commission’s first case alleging transmission
of false caller ID information.
FTC
Joins Foreign Partners in Recommending
International Efforts to Combat Spam
The FTC has joined its foreign partners in calling for stepped up
cross-border law enforcement cooperation and increased public/private
sector cooperation to combat spam. The Organization for Economic
Cooperation and Development (OECD) issued recommendations in this
area today. The OECD is an international forum of 30 countries,
including the United States, established to promote economic growth,
trade, and development.
Be Suspicious
About Wiring Money Back After Cashing a Check
The set-up for the scam can be different every time: maybe they
are buying something you advertised, paying you to do work at home,
or giving you an “advance” on a sweepstakes. But, the
Federal Trade Commission and the National Consumers League warn
that after the initial hook, all “check overpayment”
scams end the same way – with a request for you to wire money
back. The scams are the fifth most common telemarketing fraud and
the fourth most common Internet scam reported to the NCL.
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