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FTC Announces "Operation Income Illusion" to Crack Down on Deceptive Income Claims | Kelley Drye & Warren LLP

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The FTC today announced four new enforcement actions and one new settlement alleging deceptive income claims in violation of the FTC Act. The FTC noted that these actions are part of a broader initiative branded as “Operation Income Illusion,” which it described as a crackdown “against the operators of work-from-home and employment scams, pyramid schemes, investment scams, bogus coaching courses, and other schemes” that purport to offer significant income opportunities but that “end up costing consumers thousands of dollars.”
The four new actions are against the following companies. ....

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Operation Income Illusion cracks down on illusory income claims

There’s a standard movie trope of a group stranded in the desert. Parched and burned, their spirits soar when they see an oasis on the horizon. With their last ounce of energy, they crawl toward the lush palms and beckoning pool. But as they dip their hands in the water, they realize it was just a mirage. For consumers looking to supplement their income and gain financial independence, promoters’ promises may seem like that oasis on the horizon. But in many cases, those money-making promises are an illusion. That’s the theme of Operation Income Illusion – a just-announced crackdown by the FTC and 19 federal, state, and local law enforcement partners. ....

United States , New Hampshire , Moda Latina , Brandon Morris , William Foley , Johna Bain , Kylew Dennis , Fernandez Aguirre , Christopher Brandon Frye , Jason Bond , Brianm Kaplan , Jennifer Hedrick , Jasonp Kowalik , Derek Jones Foley , Jerrolds Maurer , Marco Cesar Zarate , Jeffreym Bishop , Randon Randy Morris , Kaitlyn Scott , Alex Dee , Spirit Consulting Group Inc , Jl Net Bargains Inc , Winston Research Inc , Kappy Enterprises , Winston Corp , Millionaire Mind Enterprises ,