
CATrends: Celebrities Deceptively Promoting Cryptoassets
A-listers face lawsuits over promotions of risky and unregulated investments.
Nguyen et al. v. Algenist LLC
22-cv-13, S.D.N.Y.
(Jan. 2022)
Algenist Genius Collagen Calming Relief, Liquid Collagen, and Sleeping Collagen
Falsely marketing products as providing “advanced anti-aging” benefits and “restor[ing] bounce and resilience [to the skin] with active vegan collagen” when topical products cannot penetrate the top layer of skin to provide such benefits
Falsely marketing products as vegan when collagen is derived from animals
Pending
A-listers face lawsuits over promotions of risky and unregulated investments.
Complaints against additional distributors who hosted COVID webinars may be forthcoming.
TINA.org files comment in support of applying rule to direct selling industry.
Even celebs have FOMO
Don’t Be Like Mike and get an FDA/FTC warning letter regarding COVID claims.