According to a complaint filed by theFTC,LifeLockfailed to establish and maintain a comprehensive information security programto protect its customer data, falsely advertised that it protected sensitive customerdata with the same high-level safeguards used by financial institutions, and falsely claimed it provided 24/7/365 alerts as soon as it received any indication a customer's identity was being used. Anyone who does is scamming you. Our mission is protecting consumers and competition by preventing anticompetitive, deceptive, and unfair business practices through law enforcement, advocacy, and education without unduly burdening legitimate business activity. Free e-filing tools are available at, You must submit your request in writing by mail or email. Spot the latest COVID scams, get compliance guidance, and stay up to date on FTC actions during the pandemic. But keep in mind, this is a moderated blog. Your thoughts, ideas, and concerns are welcome, and we encourage comments. Last year, FTC cases returned $483 million to people who lost money to companies the FTC sued. I didnt cash my check right away. I just heard about an FTC lawsuit. Before labeling your product as AI-powered, note also that merely using an AI tool in the development process is not the same as a product having AI in it. HSR threshold adjustments and reportability for 2023, A Century of Technological Evolution at the Federal Trade Commission, National Consumer Protection Week 2023 Begins Sunday, March 5, FTC at the 65th Annual Heard Museum Guild Indian Fair & Market - NCPW 2023, FTC Sends Checks Totaling More Than $31 Million to LifeLock Customers, LifeLock to Pay $100 Million to Consumers to Settle FTC Charges it Violated 2010 Order, FTC Takes Action Against LifeLock for Alleged Violations of 2010 Order, Nearly One Million LifeLock Victims to Receive Refund Checks from FTC, LifeLock Will Pay $12 Million to Settle Charges by the FTC and 35 States That Identity Theft Prevention and Data Security Claims Were False. Click on a case name to see more details about the refund program, including whether we sent checks or PayPal payments. We enforce federal competition and consumer protection laws that prevent anticompetitive, deceptive, and unfair business practices. Weve. Looking for legal documents or records? And its happy news when those cases result in refunds. The FTC currently issues payments by check, prepaid debit card,and, A payment or claim form sent as part of an FTC settlement will include an explanation of and details about the case. Whatever it can or cant do, AI is important, and so are the claims you make about it. I feel you folks (at the FTC) have the moral high-ground to put a TEMPORARY PAUSE on the premature unleashing of what some knowledgeable people predict ** could ** result in . Earn Perks With A New Checking Account For questions about your check or the refund process, call the administrator (Rust Consulting) at 1-866-730-8147, or email admin@AMGServicesRefund.com . If you get a call from someone who says theyre from the FTC but asks you for money or sensitive information, please tell the real FTC at ftc.gov/complaint. If there is any money left in the settlement fund after the first distribution, the FTC may send a second round of payments. The FTC first sent checks in September 2021, which resulted in more than $2.9 million in refunds. Heres what to know about fake check scams. The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely. By that time, the scammer has any money you sent, and you're stuck paying the money back to the bank. Heres what you need to know about these calls. Fake checks might look like business or personal checks, cashiers checks, money orders, or a check delivered electronically. Lina M. Khan was sworn in as Chair of the Federal Trade Commission on June 15, 2021. The FTC states that all refund checks should be cashed within 60 days and that if there are any questions about the refunds, recipients should contact the FTC's refund administrator, Epiq, at 1 . If I accept this payment, can I still take legal action? The FTC is a federal government agency that gets its budget from Congress. Advertisers should take another look at our. For more information about the FTCs refund process, see How the FTC Provides Refunds. If you have specific questions regarding FTC refunds, check out these related FAQs. Stephanie T. Nguyen, Chief Technology Officer, Competition and Consumer Protection Guidance Documents, You can findanswers tocommon questions about refund payments on. Looking for legal documents or records? Are you exaggerating what your AI product can do? How much money from FTC lawsuits goes to FTC attorneys. . The most common banking scams include: Overpayment scams - Someone sends you a check, instructs you to deposit it in your bank account, and wire part of the money back to them. Find the resources you need to understand how consumer protection law impacts your business. Fake checks can take weeks to be discovered and untangled. Our mission is protecting consumers and competition by preventing anticompetitive, deceptive, and unfair business practices through law enforcement, advocacy, and education without unduly burdening legitimate business activity. To file a detailed report about a scam, go to. . Have you heard about it? The purpose of this blog and its comments section is to inform readers about Federal Trade Commission activity, and share information to help them avoid, report, and recover from fraud, scams, and bad business practices. BREVARD COUNTY, FLORIDA - The FTC is sending refund checks to more than 541,000 people who paid for repairs and technical services when they took their computers to Office Depot or Office Max. One of those scams was 8 Figure Dream Lifestyle, which touted a proven business model and told Scammers are calling people and using the names of two companies everyone knows, Apple and Amazon, to rip people off. Or can all this be simply ignored? Federal government websites often end in .gov or .mil. Lots of scammers use fake checks to get your money. Right now its a hot one. If you receive a 1099 tax form with your check, you should report the payment as income on your tax return. We work to advance government policies that protect consumers and promote competition. Use our visualizations to explore scam and fraud trends in your state based on reports from consumers like you. DANGER, WILL ROBINSON, DANGER! It a stationary object, we see it action path cross that about to happen. Lina M. Khan was sworn in as Chair of the Federal Trade Commission on June 15, 2021. Stephanie T. Nguyen, Chief Technology Officer, Competition and Consumer Protection Guidance Documents, You can findanswers tocommon questions about refund payments on, HSR threshold adjustments and reportability for 2023, A Century of Technological Evolution at the Federal Trade Commission, National Consumer Protection Week 2023 Begins Sunday, March 5, FTC at the 65th Annual Heard Museum Guild Indian Fair & Market - NCPW 2023, Getting In and Out of Free Trials, Auto-Renewals, and Negative Option Subscript, FTC Sends More Than $12 Million in Full Refunds to Victims of Online Billing Scam, Court Holds Terrason Spinks and Jet Processing Inc. Its an. But the fact is that some products with AI claims might not even work as advertised in the first place. Find the resources you need to understand how consumer protection law impacts your business. So, many of us might be looking for alternatives, like buying gifts locally or maybe from online marketplaces or sites you find through your social media accounts, online ads, or by searching Youve opened all your gifts, and now its time to open those post-holiday credit card statements. If you were a little too jolly with your holiday spending, here are some tips to help you pay down your credit card debt. Search the Legal Library instead. They tell you to send some of the money back to them or to another person. One of those scams was 8 Figure Dream Lifestyle, which touted a proven business model and told Scammers are calling people and using the names of two companies everyone knows, Apple and Amazon, to rip people off. In some cases, this lack of efficacy may exist regardless of what other harm the products might cause. We review all comments before they are posted, and we wont post comments that dont comply with our commenting policy. huge damage to the human race. The site is secure. Lina M. Khan was sworn in as Chair of the Federal Trade Commission on June 15, 2021. Heres what you need to know if you get a check from the FTCs settlement with AMG: Has someone asked you for something in exchange for your AMG refund check? Before labeling your product as AI-powered, note also that merely using an AI tool in the development process is not the same as a product having AI in it. Your performance claims would be deceptive if they lack scientific support or if they apply only to certain types of users or under certain conditions. Start small, then add on. If you get a check, please cash it within 90 days. The most prevarication I have witnessed in the last five years (three in a DOD uniform and two in the AI-industry) have come from very large, well-established, well-connected companies. Fake calls from Apple and Amazon support: What you need to know, The Google Voice scam: How this verification code scam works and how to avoid it, Show/hide Shopping and Donating menu items, Show/hide Credit, Loans, and Debt menu items, Show/hide Jobs and Making Money menu items, Money-Making Opportunities and Investments, Show/hide Unwanted Calls, Emails, and Texts menu items, Show/hide Identity Theft and Online Security menu items. Earlier this month, the FTC sent over 10,000 checks totaling over $4 million to fully refund people for the amount they paid to Stark Law, a company that the FTC says collected payments for fake debt by threatening to sue or arrest people who didn't pay. Fake calls from Apple and Amazon support: What you need to know, The Google Voice scam: How this verification code scam works and how to avoid it, Show/hide Shopping and Donating menu items, Show/hide Credit, Loans, and Debt menu items, Show/hide Jobs and Making Money menu items, Money-Making Opportunities and Investments, Show/hide Unwanted Calls, Emails, and Texts menu items, Show/hide Identity Theft and Online Security menu items, These scams work because fake checks generally look just like real checks, even to bank employees. We wont post off-topic comments, repeated identical comments, or comments that include sales pitches or promotions. The chart below includes recent FTC cases that resulted in refunds. HSR threshold adjustments and reportability for 2023, A Century of Technological Evolution at the Federal Trade Commission, National Consumer Protection Week 2023 Begins Sunday, March 5, FTC at the 65th Annual Heard Museum Guild Indian Fair & Market - NCPW 2023, Franchises, Business Opportunities, and Investments, FTC says online counseling service BetterHelp pushed people into handing over health information and broke its privacy promises, Next step in FTCs Green Guides review: A closer look at recyclable claims, Tenant screening practices: The FTC wants to hear from you. The FTC provides answers to common questions about refund payments on. To file a detailed report about a scam, go to. We wont post comments that include vulgar messages, personal attacks by name, or offensive terms that target specific people or groups. Some of us are actually doing AI/ML and it is a game changer, it just isn't going to be a panacea, just tools to make sense of data and make things quicker and easier. Federal government websites often end in .gov or .mil. Learn more about your rights as a consumer and how to spot and avoid scams. In some cases, this lack of efficacy may exist regardless of what other harm the products might cause. If you have any questions about how your payment may affect your taxes, please consult a tax advisor. If theres one constant among scammers, its that theyre always coming up with new schemes, like the Google Voice verification scam. We wont post comments that include vulgar messages, personal attacks by name, or offensive terms that target specific people or groups. When the funds are made available in your account, the bank may say the check has cleared, but that doesnt mean its a good check. Generally, after the initial distribution, we process check reissues once a month. The .gov means its official. If you think you can get away with baseless claims that your product is AI-enabled, think again. Has someone asked you for something in exchange for your AMG refund check? The company and phone number for each case are listed on the chart. For generations weve told ourselves stories, using themes of magic and science, about inanimate things that we bring to life or imbue with power beyond human capacity. For example, were not yet living in the realm of science fiction, where computers can generally make trustworthy predictions of human behavior. The FTC is sending checks to people who lost money to a cramming scheme that added charges to their home phone bills without their permission. How long will it take to send out payments? Earlier this month, the FTC sent over 10,000 checks totaling over $4 million to fully refund people for the amount they paid to Stark Law, a company that the FTC says collected payments for fake debt by threatening to sue or arrest people who didnt pay. An official website of the United States government. Report that to us at, doTERRA distributors charged with making unfounded COVID-19 cure claims, Tenant screening practices: the FTC wants to learn more. The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely. According to the FTC, ABCmouse failed to make it clear to their customers that their memberships would automatically renew and made it difficult to cancel. Whatever it can or cant do, AI is important, and so are the claims you make about it. How long will it take to get a new check?
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