Jan 13, 09:37 PM

FTC Proposes Business Opportunity Rule Changes to Deter MLM Earnings Claims; FCC Targets Green Mirage Scam Group Impersonating 400 Institutions

The Federal Trade Commission (FTC) has proposed new rule changes aimed at deterring deceptive earnings claims made by multilevel marketers (MLMs) and sellers of money-making opportunities. This initiative includes an expansion of the Business Opportunity Rule to encompass earnings claims related to business coaching and investment opportunities. The FTC's proposals also suggest treating MLM opportunities similarly to other business ventures, which would require substantiation for earnings claims, prohibit non-disclosure agreements commonly used by MLMs, and mandate a waiting period before individuals can pay or join an MLM. Additionally, the Federal Communications Commission (FCC) is addressing aggressive MLM groups that promote unrealistic profit claims. In a related matter, the FCC has identified the 'Green Mirage' scam group, which has impersonated over 400 mortgage institutions using spoofed phone calls.

#Federal Trade Commission #FTC #Business Opportunity Rule #Federal Communications Commission #FCC #Green Mirage

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FTC Proposes Business Opportunity Rule Changes to Deter MLM Earnings Claims; FCC Targets Green Mirage Scam Group Impersonating 400 Institutions

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