FTC Data Show a More Than Four-Fold Increase in Reports of Impersonation Scammers Stealing Tens and Even Hundreds of Thousands from Older Adults

In 2024, adults 60 and over reported losing millions to scammers pretending to be from trusted government agencies, businesses New analysis from the Federal Trade Commission shows a more than four-fold increase since 2020 in reports from older adults who say they lost $10,000 or more—sometimes their entire life savings—to scammers who impersonate trusted government … Read more

FTC Challenges Anticompetitive Medical Device Deal

Edwards Lifesciences’ acquisition of JenaValve threatens to disrupt competition for revolutionary heart condition device, the FTC alleges The Federal Trade Commission today moved to block medical device supplier Edwards Lifesciences Corp.’s (Edwards) proposed acquisition of JenaValve Technology, Inc. (JenaValve) due to concerns that the acquisition would limit patient access to lifesaving medical devices used to … Read more

FTC Obtains Permanent Ban of E-Commerce Business Opportunity Scheme Operator

Under a proposed settlement with the FTC, the defendants must also surrender financial accounts and proceeds from real estate sale The owner of a business opportunity scheme will be permanently banned from selling business opportunities in settlement of Federal Trade Commission allegations that he and his company deceptively guaranteed consumers income through online storefronts.View Press Release