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Nerium International, LLC
The Federal Trade Commission sued the multi-level marketer Neora, LLC, formerly known as Nerium International, LLC, and its Chief Executive Officer, Jeffrey Olson, alleging that the company operates as an illegal pyramid scheme and falsely promises recruits they will achieve financial independence if they join the scheme. The lawsuit also alleged that defendants deceptively promote “EHT” supplements as an antidote to concussions and chronic traumatic encephalopathy caused by repetitive brain trauma, as well as Alzheimer’s disease and Parkinson’s disease. The FTC sought to permanently stop the defendants’ deceptive practices alleged in the complaint. In September 2023, the district court ruled against the FTC on its claims. In May 2024, the district court ruled that Neora could not recover its fees and expenses because the FTC’s position in this case was “substantially justified.”
FTC Staff Provides Annual Report to CFPB On 2023 Activities Regarding Financial Acts
New FTC Data Shed Light on Companies Most Frequently Impersonated by Scammers
FTC Finalizes Order with Blackbaud Related to Allegations the Firm’s Security Failures Led to Data Breach
Blackbaud, Inc.
Blackbaud, Inc. will be required to delete personal data that it doesn’t need to retain as part of a settlement with the FTC over charges that the company’s lax security allowed a hacker to breach the company’s network and access the personal data of millions of consumers including Social Security and bank account numbers.
FTC Announces Tentative Agenda for May 23 Open Commission Meeting
Testimony of Chair Lina M. Khan Before the House Committee on Appropriations, Subcommittee on Financial Services and General Government
FTC Chair Testifies before House Appropriations Subcommittee
FTC Releases Fiscal Year 2023 Annual Report
National Automobile Dealers Association, et al. v. FTC
FTC Sends Refunds to Consumers Harmed by False Made in USA Claims by Cycra
Cycra, Inc.
The Federal Trade Commission is taking action against motocross and ATV parts maker Cycra and its officer, Chad James, for falsely claiming that the company’s products were manufactured in the U.S. The FTC’s proposed order would stop Cycra and James from making deceptive claims about products being “Made in USA” and require them to pay a monetary judgment. In June 2023, the Commission announced the finalized order. In May 2024, the FTC sent $180,000 in refunds to consumers in this case.
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