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AMG Capital Decision May Mean More FTC Collaboration With State AGs, Increased Costs, Longer Timelines | Cozen O'Connor

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The Federal Trade Commission (FTC) has, for decades, considered itself a partner of state AGs in combatting anticompetitive, unfair, and deceptive trade practices, and state AGs certainly feel the same way. In December 2020, 30 state AGs filed a bipartisan amici brief urging the Supreme Court to affirm the FTC’s interpretation of its Section 13(b) authority in
AMG Capital Management LLC v. FTC (
AMG Capital). In that brief, the state AGs asserted that their “own enforcement efforts are fortified by having a strong federal partner in the FTC.” The FTC and the state AGs regularly conduct joint investigations, share complaint data, and in many cases bring joint enforcement actions. But ....

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Federal Trade Commission and Law Enforcement Partners Crack Down on Deceptive Income Schemes Nationwide

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 enforcement actions against the operators of work-from-home and employment scams, pyramid schemes, investment scams, bogus coaching courses, and other schemes that can end up costing consumers thousands of dollars. ....

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Investment and work-from-home scams have surged during pandemic, feds say

Investment and work-from-home scams have surged during pandemic, feds say
By Irina Ivanova
Black Friday attracts online scammers
Scammers are targeting thousands of Americans who have lost their jobs or seen their pay decline during the coronavirus pandemic with fake investment schemes or work-from-home arrangements, federal regulators said Monday.
Between April and June of this year, the Federal Trade Commission received a record number of complaints about scams, according to the agency. More than 11,000 such incidents were reported a 70% jump from the year-ago period.
In the first nine months of 2020, victims lost $150 million to phoney offers of job training, work-from-home schemes or investment opportunities, according to the FTC. Since 2016, losses from these schemes have topped $600 million. ....

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As Scammers Leverage Pandemic Fears, FTC and Law Enforcement Partners Crack Down on Deceptive Income Schemes Nationwide

As Scammers Leverage Pandemic Fears, FTC and Law Enforcement Partners Crack Down on Deceptive Income Schemes Nationwide
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