Johna Bain News Today : Breaking News, Live Updates & Top Stories | Vimarsana

New cases, FTC data highlight broad scope of scams making false promises of big income Published on December 14, 2020 The Federal Trade Commission, along with 19 federal, state, and local law enforcement partners today announced a nationwide crackdown on scams that target consumers with fake promises of income and financial independence that have no basis in reality. The impact of these scams has intensified as scammers take advantage of the COVID-19 pandemic and financial crisis. Called “Operation Income Illusion,” the crackdown encompasses more than 50 law enf...

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 b...