Day: March 22, 2015

The defendants in a scheme that targeted Spanish-speaking consumers have been banned from telemarketing and selling weight-loss products under a new settlement with the Federal Trade Commission (FTC).

The settlement agreement, released March 2, comes on the heels of the FTC’s annual fraud report, which cited phone scams as one of the leading means of fraud nationwide. The agency received more than 1.5 million fraud-related complaints totaling more than $1.7 billion in 2014. Of the 46% who reported a specific method of fraudulent contact, 54% said they were initially contacted by phone. The annual report was released February 27.