FTC Takes TruHeight’s Growth Claims Down a Few Pegs
Supplement maker agrees to pay $750K to settle deceptive health claims lawsuit.
Investments in First Nationle Solution, Percipience Global Corp., and United RL Capital Services
Case Name (Date)
Heinert et al. v. Bank of America, N.A. et al.
19-cv-6081, W.D.N.Y.
(Jan. 2019)
Product/Service
Investments in financial services, insurance, real estate development, and medical laboratories
Allegations
Operating a A fraudulent investment operation that tricks investors into thinking that they will earn lots of money on a short-term investment, when, in reality, there isn’t any investment opportunity at all. Rather, the promoter just uses the money from new recruits to pay off the older investors. In other words, stealing from Peter to give to Paul. that promotes lucrative investments when the money invested was used to pay off earlier investors
Status
Dismissed;
Dismissal of claims against certain defendants affirmed on appeal
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