False advertising is one of the most common examples of a deceptive trade practice. This happens when the company lies to or intentionally misleads consumers simply to get them to buy a product.
Elder fraud is a serious issue that persists year after year, despite the efforts of family members, organizations and even financial institutions. The elderly are often targets for these financial schemes because of their potential isolation, possible mental difficulties later on in life, and the simple fact that they are more likely than younger people to have exploitable wealth.
Companies are expected to market their products honestly. They should let the products sell themselves on their own merits, and marketing is more or less just a way to tell the public what the products can do. Embellishing things or lying about a product can bring about accusations of consumer fraud.
Tax collection fraud is already very common. Some reports indicate that millions have been called since just 2013, with around 10,000 people paying some $55,000,000 in taxes.
A man is being sued for creating and selling what he claims is "drinkable" sunscreen. It's called Osmosis Skincare and Harmonized Water. He says that it helps to protect those who drink it from UV rays, even though it's not applied to the skin, by using "form radio frequencies called scalar waves."
Being the target of fraud is extremely frustrating. You're outraged that you were wronged, and you want to work hard to protect your rights. The type of fraud that targeted you could have been:
The Trump administration, backed by GOP-majorities in Congress, has the Consumer Financial Protection Bureau in its crosshairs.
It's one thing to make a defective product, one that inherently puts people at risk due to a poor design or poor manufacturing. It's quite another to then try to cover up these defects so that sales aren't impacted -- and to avoid an expensive re-design -- which increases the risk to consumers.
Some have said that few types of fraud are as old as marketing fraud. When a product is misrepresented to get sales, it can often constitute fraud. For example, selling sugar pills and claiming they're 100 percent guaranteed to cure a cold or warts or a fever is fraud, but this type of thing has happened forever.
Minnesota-based TCF National Bank is in hot water with the authorities, facing accusations of fraud. The Consumer Financial Protection Bureau has taken action to combat the bank's questionable overdraft program.