Sign up for FREE Email Briefings
- -- Banker Briefing
- -- Compliance Briefing
- -- Security Spotlight
- -- Tech Talk
The Federal Trade Commission has announced it is requiring operators of a deceptive business opportunity to pay hundreds of thousands of dollars to settle allegations they misled consumers with false promises of big returns selling goods through Amazon and Walmart.
Under the settlement orders entered by the court, Trevor Duffy Young and Wessam Baiz, along with two companies associated with Baiz, will turn over the profits they made from the alleged scam, which operated under the names Lunar Capital Ventures, Ecom Genie and Profitable Automation, and before that as Valiant Consultants.
The court orders ban Young, Baiz, and Baiz’s companies from any involvement with the sales, marketing, or operations of any business opportunity. The orders also prohibit them from deceiving consumers about any good or service they sell or market.