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Work-at-Home Scammers Settle With FTC

Agency imposes $4.9 million judgment for misleading consumers



August 21, 2008
Two brothers have agreed to settle Federal Trade Commission (FTC) charges that they misled consumers with false earnings claims for work-at-home schemes involving free government grants, mystery shopping, online surveys, and data entry.

Under the proposed settlement, they are banned from marketing work-at-home opportunities in the future.

Eric G. Louie (doing business as Fastcashathome.com, Fastcashathome.homestead.com, and Hometypers.com), and Calvin G. Louie (doing business as Moneymakingsecret.homestead.com, Realcashprograms.com, and Dataentrypro.com), are charged with making false and unsubstantiated earnings claims in violation of the FTC Act.

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Consumer complaints

According to the FTC's complaint, they charged consumers from $47 to $129 to access their "members only" Web sites with their "money-making secrets." Their advertised programs either did not exist as represented or did not offer quick and easy money with little time or effort as promised.

This case was brought as part of Project Fal$e Hope$, an FTC-led effort that targeted bogus business opportunities and work-at-home scams, and resulted in more than 100 law enforcement actions by the FTC, the Department of Justice, the U.S. Postal Inspection Service, and law enforcement agencies in 11 states.

Under the proposed settlement, the pair is banned from selling work-at-home opportunities, and, in marketing any other product or service they, are barred from making false, misleading, or unsubstantiated representations, including:

• That consumers are likely to earn a substantial amount of money or other valuable compensation;

• The amount of earnings, income, sales volume, or profits that a consumer is likely to achieve, or that others have achieved;

• How long it may or will take to recoup the purchase price or investment;

• The nature of any business venture offered or sold;

• Any material term, condition, or limitation of the transaction; and

• Concerning the use of any offered good or service.

The settlement imposes a $4.9 million judgment that will be suspended if the defendants surrender assets frozen by the court in 2006; proceeds from the sale of two cars, a Lamborghini and a Ferrari; and any tax refunds for tax years 2005 and 2006.

The full judgment will be imposed if they fail to meet the terms of the settlement, or if they are found to have misrepresented their financial condition. The settlement also contains standard record-keeping provisions to allow the FTC to monitor compliance with its order.

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