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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.

Cowboy Capitalism: European Myths, American Reality

Olaf Gersemann, a German reporter who came to America, checked the facts and discovered that the common perception in Europe and elsewhere of America's economic model is either wrong or misleading.

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