After a challenging investigation and trial, the Federal Trade Commission (FTC) has successfully shut down an Internet pyramid scheme that bilked consumers out of $2.9 million (US$).
Are there any lists available of the internet companies that have been shut down?
The article (July 2000) said that Five Star Auto Club is out of business. But, today (June 2001) there are scores of internet sites promoting this program. Is it out of business or not?
What is the date on this ruling? In the last couple of days I have been solicited by someone with the same pitch for an auto club that requires over $200 to get in.
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Feds Knock Down Net Pyramid Schemes
Posted by: Paul A. Greenberg July 7, 2000 12:00 AMAfter a challenging investigation and trial, the Federal Trade Commission (FTC) has successfully shut down an Internet pyramid scheme that bilked consumers out of $2.9 million (US$).