FTC shuts down crypto Ponzi schemers

The FTC has announced that they’ve issued temporary restraining orders and frozen the assets of a team of three defendants who pitched investment advice as the Bitcoin Funding Team and My7Network. The FTC claims that the defendants “promised big rewards for a small payment of bitcoin or Litecoin.” From the report: According to the FTC, […]

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FTC and state of Nevada crack down on revenge porn site

 In a complaint filed against MyEx.com, the FTC and state of Nevada allege the website violates both federal and state law by featuring intimate images of people, along with their personal information, without their consent. MyEx, which the FTC describes as being “dedicated solely to revenge porn,” is a website that lets people upload photos and information about their ex partners.… Read More

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After breach exposing millions of parents and kids, toymaker VTech handed a $650K fine by FTC

 VTech, the maker of smart toys whose poor security practices exposed data from millions parents and children, has been slapped on the wrist by the FTC to the tune of $650,000 and probation. It’s not much of a penalty for such a multifaceted failure affecting so many. Read More

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