United States of America: FTC lawsuit against DK Automation over alleged deceptive marketing practices
Progress
Current status
concluded
28 Mar 2024 concluded
Scope
Implementers
United States of America
Policy Area
Consumer protection
Policy Instrument
Fair marketing and advertising practice requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
consumer protection authority
Implementation Level
national
Timeline of events
Concluded case against DK Automation concerning deceptive marketing practices following completion of the terms of the settlement
On 28 March 2024, the Federal Trade Commission (FTC) announced USD 2.8 million in refunds to consumers harmed by DK Automation's deceptive online business and cryptocurrency money-making schemes. The lawsuit focused on the company's unfounded claims…
SourceEvent type
public lawsuit
Action type
closure
Government branch
executive
Government body
consumer protection authority