SCARS™ Advocacy: FTC Enforcement Actions Yield More than $2.3 Billion in Refunds to Consumers In 2018

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SCARS™ Advocacy: FTC Enforcement Actions Yield More than $2.3 Billion in Refunds to Consumers In 2018

(Last Updated On: March 24, 2022)

SCARSSCARS SCARS - Society of Citizens Against Relationship Scams Inc. A government registered crime victims' assistance & crime prevention nonprofit organization based in Miami, Florida, U.S.A. SCARS supports the victims of scams worldwide and through its partners in more than 60 countries around the world. Incorporated in 2015, its team has 30 years of continuous experience educating and supporting scam victims. Visit www.AgainstScams.org to learn more about SCARS.™ Advocacy: FTCFTC The Federal Trade Commission (FTC) is an independent agency of the United States government whose principal mission is the enforcement of civil (non-criminal) U.S. antitrust law and the promotion of consumer protection. The FTC can also act as a clearinghouse for criminal reports sent to other agencies for investigation and prosecution. To learn more visit www.FTC.gov or to report fraud visit ReportFraud.FTC.gov Enforcement Actions Yield More than $2.3 Billion in Refunds to Consumers In 2018

According to a report issued by the Federal Trade Commission today, between July 1, 2017, and June 30, 2018, the agency’s law enforcement actions yielded more than $2.3 billion in refunds to defrauded consumers, including $122 million mailed directly by the FTC to 2.2 million people.

The total amount returned to consumers, which includes refunds distributed by defendants as a result of FTC actions against them, was almost eight times more than the Commission’s entire budget for the fiscal year 2018.

The 2018 Annual Report on Refunds to Consumers is the second annual report on money returned to defrauded consumers and was issued by the FTC’s Office of Claims and Refunds. During the period covered by the report, the FTC mailed checks in more than 38 cases, and more than two-thirds of those checks were cashed by consumers. In some cases, the Commission was able to administer additional mailings using money left over from uncashed checks. Administrative costs associated with mailing refunds accounted for five percent of the money collected in these cases.

The annual report outlines the process for identifying eligible refund recipients, determining how the money will be divided, mailing checks, updating names and addresses as needed, considering whether additional mailing is feasible, and sending any remaining money to the U.S. Treasury — $12.5 million between July 1, 2017 and June 30, 2018.

For each refund mailing that occurred during this period, the report provides the name of the case, the date of the most recent mailing, the number of consumers receiving checks, the total amount cashed, and the median check amount. This year’s report also includes a national map comparing the relative amount of money returned to consumers in each state, along with a list of the total dollars and number of checks mailed to each state.

Many consumers who received a refund check provided positive feedback, as well:

“Please pass on to your investigators and litigators my sincere appreciation for their efforts on behalf of the thousands of citizens that fall prey to [illegal] enterprises,” one consumer wrote in March 2018. “The endless hours of toil that they must devote to catching these types of vipers and getting compensation for their victims must be daunting.”

The $2.3 billion reported in this year’s report includes refunds from the landmark settlement with Volkswagen that required the company to offer a buyback program for owners of VW and Audi diesel cars fitted with illegal emissions defeat devices.

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TAGS: SCARS, Government Actions, Federal Trade Commission, Fines, Penalties, Consumer Refunds, Social Media Regulation

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It is essential that law enforcement knows about scamsScams A Scam is a confidence trick - a crime -  is an attempt to defraud a person or group after first gaining their trust through deception. Scams or confidence tricks exploit victims using their credulity, naïveté, compassion, vanity, irresponsibility, or greed and exploiting that. Researchers have defined confidence tricks as "a distinctive species of fraudulent conduct ... intending to further voluntary exchanges that are not mutually beneficial", as they "benefit con operators ('con men' - criminals) at the expense of their victims (the 'marks')". A scam is a crime even if no money was lost. & scammers, even though there is nothing (in most cases) that they can do.

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  3. The SCARS|CDN™ Cybercriminal Data Network – Worldwide Reporting Network « HERE » or on « www.Anyscam.com »

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SCARS, RSN, Romance Scams Now, SCARS|WORLDWIDE, SCARS|GLOBAL, SCARS, Society of Citizens Against Relationship ScamsSCARS SCARS - Society of Citizens Against Relationship Scams Inc. A government registered crime victims' assistance & crime prevention nonprofit organization based in Miami, Florida, U.S.A. SCARS supports the victims of scams worldwide and through its partners in more than 60 countries around the world. Incorporated in 2015, its team has 30 years of continuous experience educating and supporting scam victims. Visit www.AgainstScams.org to learn more about SCARS., Society of Citizens Against Romance Scams, SCARS|ANYSCAM, Project Anyscam, Anyscam, SCARS|GOFCH, GOFCH, SCARS|CHINA, SCARS|CDN, SCARS|UK, SCARS Cybercriminal Data Network, Cobalt Alert, Scam Victims Support GroupSupport Group In a support group, members provide each other with various types of help, usually nonprofessional and nonmaterial, for a particular shared, usually burdensome, characteristic, such as romance scams. Members with the same issues can come together for sharing coping strategies, to feel more empowered and for a sense of community. The help may take the form of providing and evaluating relevant information, relating personal experiences, listening to and accepting others' experiences, providing sympathetic understanding and establishing social networks. A support group may also work to inform the public or engage in advocacy. They can be supervised or not. SCARS support groups are moderated by the SCARS Team and or volunteers., are all trademarks of Society of Citizens Against Relationship Scams Incorporated.

Contact the law firm for the Society of Citizens Against Relationship Scams Incorporated by email at legal@AgainstScams.org

2022-03-24T07:29:27-04:00July 12th, 2019|Categories: Uncategorized|Tags: , , , , , , |

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4 Comments

  1. Terry July 12, 2019 at 6:18 pm - Reply

    She told me she loved me and was going to sell her house and move in with me told me she had a younger brother in school in Ghana and had me help her pay her rent and a plane ticket

    • It is possible to recover from this. The money is gone, and unfortunately, everything you were told was a lie. BUT you can learn from this experience and come out of it a stronger person. We can help. Come and join one of our groups on Facebook for scamScam A Scam is a confidence trick - a crime -  is an attempt to defraud a person or group after first gaining their trust through deception. Scams or confidence tricks exploit victims using their credulity, naïveté, compassion, vanity, irresponsibility, or greed and exploiting that. Researchers have defined confidence tricks as "a distinctive species of fraudulent conduct ... intending to further voluntary exchanges that are not mutually beneficial", as they "benefit con operators ('con men' - criminals) at the expense of their victims (the 'marks')". A scam is a crime even if no money was lost. victims. https://www.facebook.com/groups/SCARS.Avoidance.Information.Public.Group/

  2. Terry July 12, 2019 at 6:17 pm - Reply

    I have been scammed over $10,000 play somebody using Anna Angels picture

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