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In June 2011, Lapre was charged with 41 counts of conspiracy, mail fraud, wire fraud, and promotional money laundering related to his Internet businesses. He was arrested on June 24, 2011, for failing to appear in court to face these charges.
His ubiquitous late-night infomercials, which promoted unsubstantiated health, diet, and financial advice, earned him a fortune but resulted in civil and criminal penalties for fraud, larceny, and contempt of court. In the early 1990s, Trudeau was convicted of larceny and credit card fraud.
Lifestyle Lift has attempted to sue other companies based on trademark infringement, including informercialscams.com (now defunct). In 2008, Lifestyle Lift was the subject of an eight-part mini-series by the CBS affiliate in Atlanta featuring three dissatisfied Lifestyle Lift patients, and former employees and their complaints against the company.
NEW YORK (AP) — It's never fun to be scammed, but if you're a small business owner then falling for a scam can have long-lasting effects on a business, damaging client relationships and profit.
Scammers launch thousands of phishing scams every day, and they're often successful at stealing personal information from targets, according to the Federal Trade Commission (FTC). In fact, the FBI ...
Here are five financial scams experts warn about for 2024: 1. Grandparent Scams. This scam consists of fraudsters impersonating relatives and grandchildren asking for financial assistance.
One scam involved fraudulent websites using a misspelled URL to advertise online and in newspapers under a legitimate company's name.
He is best known for his infomercials that contained alternative health claims and his work with professional football players including Tom Brady and many other current and former New England Patriots players.
Belfort served 22 months of the sentence at the Taft Correctional Institution in Taft, California, in exchange for a plea deal with the Federal Bureau of Investigation for running pump-and-dump scams that led to investor losses of approximately $200 million.
And this, of course, from a man who tried to overturn the results of the 2020 election and who continues to make false claims of election fraud.