FTC Files for Injunction as IML Shuts Down
Agency worries MLM defendants are dissipating assets.
TelexFree Compensation Program
March 2016: Claims against Citizens Bank were dismissed When a complaint is dismissed without prejudice, an amended version of the complaint can be refiled. because plaintiffs inadvertently named Citizens Bank as a defendant.
September 2015: A class-action lawsuit was filed against several defendants alleging, among other things, that TelexFree operated a pyramid scheme and deceptively represented that it paid members for placing advertisements for a voice over internet protocol (VoIP) product when, in reality, members were paid to recruit other members. To learn more about the allegations, click here to read the full complaint. (Dos Santos et al v. TelexElectric, LLLP et al, Case No. 15-cv-13614, D. MA.)
For more information about other class-action lawsuits regarding pyramid schemes and TINA.org’s coverage of the issue, click here.
The Latest
Now You Can Venmo Everything
Aimee Lou Wood and Patrick Schwarzenegger explore what life is like when you can Venmo this, that, and everything.
Meet the Law Firm Driving a Surge in ‘Made in America’ Advertising Suits
Patrick Coffee, The Wall Street Journal
MaxAI
Web extension may be better at maxing out your credit card than the full capabilities of AI.
Workado Settles FTC Complaint Challenging AI Detection Claims
FTC alleged company vastly overstated the accuracy of its AI Content Detector tool.