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FTC puts business opportunities on notice regarding promotional claims and content
The Federal Trade Commission has recently been sending “Notices of Penalty Offenses Concerning Money-Making Opportunities and Endorsements and Testimonials” to franchisors and companies selling other types of business opportunities. These notices from the federal consumer protection agency are seemingly coming from out of the blue and being served on registered agents similar to a lawsuit, causing recipients a fair amount of concern. Although the FTC tells the recipient that it is not being singled out (see this list of businesses who received the notice in October), it warns in bold letters on the first page that the recipient is now on notice that engaging in certain conduct could subject the…
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Lawsuit claims Zillow misled investors about state of home-buying business before shutdown
Bigstock Image / Casimiro A proposed class action lawsuit alleges that Seattle-based Zillow Group hid difficulties in its dwelling-acquiring enterprise from shareholders ahead of abruptly shutting the device down two weeks in the past. The go well with, filed by attorneys for Zillow shareholder Dibikar Barua in federal courtroom in Seattle, seems to be the initial in what could be a series of situations over the real estate company’s determination to shutter Zillow Gives. Other demo lawyers are actively trying to find Zillow shareholders to take part in supplemental litigation versus the company. Such circumstances are frequent when unexpected conclusions by companies trigger their share costs to plunge. Zillow Group’s…
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S.B.A. Overpaid $4.5 Billion on ‘Illogical’ Small Business Grant Claims
An unexpected emergency relief program hastily rolled out in the early days of the pandemic experienced such weak fraud protections that it improperly doled out practically $4.5 billion to self-employed individuals who mentioned they had added workers — even all those who manufactured wildly implausible claims, like acquiring a single million employees. The $20 billion plan, called the Economic Injuries Catastrophe Personal loan Advance, provided tiny companies rapid grants of up to $10,000 in the months just after the pandemic shuttered substantially of the economic climate. But hundreds of hundreds of the grants it produced have been inflated simply because there was no process to catch applications with “flawed or…
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/cloudfront-us-east-1.images.arcpublishing.com/gray/H3Q4DTHU4NBMPFJNALRVFEBQZE.jpg "Small businesses in Greene County may soon apply for American Rescue Plan Act money")
