U.S. Freezes Assets Of Work-At-Home Web Firms Promising Thousands [View all]

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Source: REUTERS

Reuters

4:22 p.m. CST, February 24, 2014

(Reuters) - A U.S. district court in Utah has frozen the assets of several Internet business coaches accused of lying to customers about their potential earnings after signing up for the services, the Federal Trade Commission said on Monday.

The companies are Essent Media LLC, Net Training LLC, YES International, Coaching Department, and Apply Knowledge, the FTC said in a statement. The commission, which voted 4-0 to sue the Utah-based defendants, filed a lawsuit against them this month.

"This case halts a massive scam that bilked consumers out of millions for useless work-at-home kits and business coaching services," said Jessica Rich, director of the FTC's Bureau of Consumer Protection. "The defendants duped consumers into thinking they could earn thousands working from home."

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The commission said the companies lured customers by offering a "proven and guaranteed home job to make $379 a day from home." But consumers earned little or no money and ended up heavily in debt, the FTC said.

Read more: http://www.chicagotribune.com/business/sns-rt-us-ftc-lawsuit-internetcoaches-20140224,0,419753.story