Learn more about your rights as a consumer and how to spot and avoid scams. His two young kids serve as inspiration for his advocacy on education and the youth. In the complaint, the commission mentioned marketing materials that include testimonials claiming profits. The FTC alleged that different services had different cancellation requirements, and that in many cases, the companys customer service line had lengthy hold times, disconnections, and other issues that led to subscribers being charged for renewals they did not want. FTC lawyers also sought to freeze the company's assets. Federal government websites often end in .gov or .mil. Well, its complicated! Well, the court found merit in the points raised by the FTC. Jason Bond is absolutely amazing. In its lawsuit to halt Jake LaMotta's "Raging Bull" sequel, MGM seeks something few courts have granted: an immediate halt to production. New Hampshire Public Radio | Aside from Raging Bull, we have reviewed similar companies on this website. That's an excellent addition to the educational components. That is their name, right? Blog: FTC knocks out Raging Bulls deceptive earnings claims, Franchises, Business Opportunities, and Investments, Stephanie T. Nguyen, Chief Technology Officer, RagingBull.com promised quick profits trading stocks but many consumers lost substantial money and were trapped in expensive subscription plans, Competition and Consumer Protection Guidance Documents, testimonials from purported customers claiming to have made [$]6500.00 in 20 minutes and $500 in 15 min[utes]., or report fraud, scams, and bad business practices at, sign up to get the latest FTC news and alerts, HSR threshold adjustments and reportability for 2023, A Century of Technological Evolution at the Federal Trade Commission, National Consumer Protection Week 2023 Begins Sunday, March 5, FTC at the 65th Annual Heard Museum Guild Indian Fair & Market - NCPW 2023, requiring click-to-cancel online subscriptions, As Scammers Leverage Pandemic Fears, FTC and Law Enforcement Partners Crack Down on Deceptive Income Schemes Nationwide, FTC knocks out Raging Bulls deceptive earnings claims. In addition, the order will prohibit the settling defendants from making any claims about potential earnings without having written evidence that those claims are typical for consumers. Marketing emails said they found a "hidden bull market" in the COVID-19 pandemic. We obtained from WealthVine a supposed email from the company eleven days after FTC filed its case. These cookies ensure basic functionalities and security features of the website, anonymously. Penny Stocks Are Booming, Which Is Good News for Swindlers During that time, Raging Bull has operated in full compliance with both the law as well as the conditions that the court outlined in its March 2021 order rejecting the FTCs request for preliminary relief. As a way to make amends, they merely offered access to their other services and still refused to give refunds. The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely. Raging Bull Trading Review 2023 - Is It Still Any Good? These will show that the owners can continue to operate and provide services to their paid subscribers. The founders of a company called Raging Bull tout themselves as expert stock traders who teach customers how they, too, can become millionaires. Once a person enters his/her email address though, s/he is bombarded with non-stop marketing materials.
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