United States of America: Concluded case against DK Automation concerning deceptive marketing practices following completion of the terms of the settlement
Description
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…
Scope
Policy Area
Consumer protection
Policy Instrument
Fair marketing and advertising practice requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
executive
Government Body
consumer protection authority