CATrends: Fake Discounts on Fitness Products
When the sale price is the regular price.
Robertson et al. v. Mark Cuban and Dallas Basketball Limited d/b/a Dallas Mavericks
22-cv-22538, S.D. Fla.
(Aug. 2022)
Voyager Digital, a cryptocurrency trading and brokerage platform
Falsely marketing the platform as “100% Commission-Free”
Falsely representing that Voyager Digital is insured by the FDIC
Failing to disclose the nature, scope, and amount of compensation that celebrities – including Mark Cuban – received in exchange for promoting Voyager Digital
Pending
When the sale price is the regular price.
Software maker will pay a $75 million fine and provide “affected consumers” with free services.
Order puts platforms like Amazon and Walmart on notice.
Advertised “best deal ever” comes with some caveats.
Cecilia D’Anastasio, Bloomberg