Department of Justice Intervenes in Poultry Price-Fixing Suit

Department of Justice Intervenes in Poultry Price-Fixing Suit

The Department of Justice has reportedly opened a criminal investigation into claims over whether companies including Tyson Foods, Pilgrim’s Pride, and Sanderson Farms conspired to fix poultry prices. The probe was disclosed in a civil court filing in Chicago, where lawsuits against more than 12 companies in the poultry industry are pending. The civil lawsuits

CFTC Files $147 Million Enforcement Action Against Bitcoin Trading and Investment Company

CFTC Files $147 Million Enforcement Action Against Bitcoin Trading and Investment Company

Earlier this week, the Commodity Futures Trading Commission (“CFTC”) filed a civil enforcement action against Control-Finance, a United Kingdom-based Bitcoin trading and investment company.  The complaint alleges that Control-Finance made numerous material misrepresentations and omissions, including that they (1) earned customers 1.5 % in daily Bitcoin trading profits and up to 45% per month; (2)

FTC Files Two Actions for Illegal Non-Disparagement Clauses in Contracts

FTC Files Two Actions for Illegal Non-Disparagement Clauses in Contracts

The Federal Trade Commission (“FTC”) recently filed two actions against Shore to Please Vacations LLC and Staffordshire Property Management, LLC alleging that the companies used illegal non-disparagement clauses in consumer form contracts in the course of selling their respective services, in violation of the Consumer Review Fairness Act (“CRFA”). The CRFA, which became effective in

SEC Files Subpoena Enforcement Action Against Cannabis Company

SEC Files Subpoena Enforcement Action Against Cannabis Company

On June 4, 2019, the Securities and Exchange Commission (“SEC”) filed a subpoena enforcement action in the U.S. District Court for the Northern District of Illinois against Covalent Collective, a vertically integrated cannabis enterprise, for failure to produce documents in an investigation. The action relates to an SEC investigation into potential violations of registration provisions

FBI Cyber Division Warns Cyber Criminals Targeting West Texas Oil and Natural Gas Industry

FBI Cyber Division Warns Cyber Criminals Targeting West Texas Oil and Natural Gas Industry

Private Industry Notification (PIN) 20190530-001 was being distributed to make private sector partners aware of business email compromise/business email spoofing (BEC/BES) scams where cyber criminals are targeting the West Texas Oil and Natural Gas industry through email phishing, malware attacks, and unauthorized access for financial gain. The alert was released as TLP: Green and the

Investment Advisor Sued by SEC for Fraud by Overcharging Advisory Fees

Investment Advisor Sued by SEC for Fraud by Overcharging Advisory Fees

The Securities and Exchange Commission (“SEC”) charged Stephen Brandon Anderson and his company, River Source Wealth Management, an RIA located in North Carolina alleging the firm systematically overcharging his clients. The SEC alleges that the Anderson charged approximately 40% more than the agreed-upon maximum customer advisory fees.  The SEC said that Anderson also misled his

Payment Processor Settles FTC Case Alleging It Assisted in Fraudulent Schemes

Payment Processor Settles FTC Case Alleging It Assisted in Fraudulent Schemes

Allied Wallet, described as a provider of e-commerce merchant services and online payment processing services, settled claims by the Federal Trade Commission (FTC) that it assisted numerous scams by knowingly processing fraudulent transactions to consumers’ accounts. According to the complaint, Allied Wallet assisted companies that were the subject to law enforcement action by the FTC

FTC Approves Consent Orders Against 2 Companies for False “Made in the USA” Claims

FTC Approves Consent Orders Against 2 Companies for False “Made in the USA” Claims

Recently, the Federal Trade Commission has approved final consent orders against Patriot Puck and Sandpiper/PiperGear  in which the agency alleged that companies falsely claimed their products were made in the United States. In both cases, much of the products finished goods were imported or had imported components. Marketers and manufacturers that promote their products as

The FTC’s Enforcement Against Amazon Fake Reviews

The FTC’s Enforcement Against Amazon Fake Reviews

Braden Perry, a former federal enforcement attorney who is now a regulatory and government investigations attorney with Kennyhertz Perry, discussed the Federal Trade Commission’s recent settlement of its suit related to companies using fake paid reviews to boost sales with E-Commerce Times. In this case, the defendants advertised and sold purported weight loss products and