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FTC: Internet Kiosk "Business Opportunity" Is Pyramaid Scheme Posted by Pile (6738 views) [E-Mail link] The FTC nailed several operators promoting "substantial income" earnings in the "Internet Kiosk" business as being little more than Ponzi schemes. Click "Read More" to learn about the INCREDIBLE INCOME POTENTIAL that you could unlock! The Federal Trade Commission has charged two groups of California-based defendants working together with duping hundreds of consumers into buying “Internet kiosk” business opportunities with promises of lucrative earnings. The FTC alleges that the defendants misrepresented the earnings potential of the business opportunity and misrepresented the availability and/or the profitability of locations for the machines. One group of defendants has agreed to settle the charges and is barred from selling any business venture or franchise in the future. As part of the settlement, these defendants agreed to withdraw all claims they have to more than $1.5 million that the FBI seized from their bank accounts. The case against the other set of defendants is ongoing; the FTC is asking the court to issue a temporary restraining order to halt their illegal conduct and to freeze their assets. Details     Comments   Name: (change name for anonymous posting) Title: Comments:     1 Article displayed.

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