FTC Refund Payments | February 2022

Date:

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(Photo Credit: edahymn/Shutterstock)

Over the past few weeks, the FTC has sent out millions in refund checks to Americans impacted by fraud and misrepresentations.

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The FTC sent over $395,000 to more than 1,800 customers who purchased Hepaxa fish oil supplements marketed with false claims.

Checks are going out to consumers who purchased either Hepaxa or Hepaxa PD supplements marketed to treat non-alcoholic fatty liver disease.

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According to the FTC’s action, BASF and DIEM Labs advertised Hepaxa supplements with false claims that the products were clinically proven to treat fatty liver disease. In reality, the companies couldn’t back up these claims with real results, the FTC contended.

BASF SE and DIEM Labs agreed to pay $416,000 to the FTC to resolve these claims, $396,431 of which is being used to fund payments to affected consumers through PayPal or physical checks.

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Consumers who receive a check should cash it within 90 days. Consumers who receive a PayPal payment should accept it within 30 days.

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Additional questions about these refunds can be directed to Analytics Consulting LLC at 1-833-935-4132.

A second round of FTC checks is going out to individuals affected by FBA Stores’ “Amazing Wealth System” workshop.

FTC refund payments are being sent to consumers who accepted their payment in the first round of checks and paid FBA Stores more than $7,000 as part of the “Amazing Wealth System” scheme. FBA Stores operated under several other names including Amazon Wealth Systems, AWS, Insider Online Secrets, Online Auction Learning Center, and Online Seller.

The FTC took action against FBA Stores over its scheme, claiming the company intentionally misled its customers into believing the “Amazing Wealth System” would help them create a profitable business. The scheme allegedly convinced consumers they could create an online store on Amazon to sell products. 

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However, FBA Stores had no connection with Amazon and most participants lost money from the “Amazing Wealth System.”

The first round of refunds in this case, totaling $9.1 million, was sent in August 2020. A second round of checks worth $669,533 is being sent to qualifying customers due to leftover money in the fund. 

Consumers with questions about these FTC refund payments can contact JND Legal Administration at 1-888-383-0327.

The FTC is sending out over $580,000 in refunds to more than 40,000 consumers who purchased Wellco indoor TV antennas and signal amplifiers. 

Refunds are being sent to consumers who purchased these antenna products from Wellco or under brand names such as TV Scout, SkyWire, SkyLink, and Tilt TV.

According to the FTC, Wellco Inc. and its CEO made deceptive promises about their products’ performance. The company allegedly used consumer endorsements and fake news reports to add validity to its products.

Over 40,000 consumers across the country are receiving a total of $580,000 in refunds for these products. Each check is worth $14.14.

Consumers who receive a refund check from this settlement should cash it within 90 days. 

Additional questions can be directed to Analytics Consulting LLC at 1-877-629-1728.

Over 20,000 consumers are receiving $930,000 in refunds connected with Teami detox tea products.

Consumers will receive a check if they purchased Teami 30 Day Detox Pack and other tea products marketed with deceptive health claims.

The FTC sued Teami in 2020 over its false claims its tea products could support weight loss while also helping to fight cancer, clear arteries, decrease migraines, prevent the flu, and treat the common cold. 

Teami partnered with social media influencers who allegedly failed to disclose their sponsorships while promoting Teami tea products, garnering further censure from the FTC. 

The federal agency is now sending over $930,000 in refund checks to more than 20,000 affected consumers. Each check is worth just over $45.

Consumers who receive a check from the FTC should cash it within 90 days.

Additional questions about these refunds can be directed to JND Legal Administration at 844-929-4697.

Over $450,000 is being sent out to nearly 3,000 organizations in a third round of payments from a Midway Industries settlement.

FTC refund payments are being sent to businesses and organizations that paid Midway Industries or Standard Industries for supplies that they never ordered. In order to receive this third round of refunds, organizations must have participated in the first rounds of checks and paid more than $2,565 to the companies.

The FTC took action against Midway Industries for a scheme in which the company would call organizations and trick them into paying for office supplies such as light bulbs and cleaning products. The company reportedly convinced organizations they had ordered these products when, in reality, they never placed an order with Midway Industries.

The first two rounds of checks in this case totaled over $11 million and were distributed in August 2019 and February 2021. A third round of 2,783 checks totaling over $450,000 is being distributed to eligible organizations. 

Companies that receive a check from this refund settlement should cash it within 90 days.

Organizations with further questions can contact Epiq Systems at 844-929-4697.

The Department of Education has approved federal student loan forgiveness for 1,800 students who attended DeVry based on false job-placement claims.

DeVry faced legal action from the FTC over claims it intentionally misrepresented job-placement claims in order to draw in students. These advertisements allegedly convinced students they would be able to easily find jobs after graduation and would even make more money than graduates of other universities in the same positions.

The FTC sent out over $48 million in refunds checks in 2017 and 2019 after the school settled with the agency. Now, affected consumers could also benefit from student loan forgiveness.

The Department of Education approved loan forgiveness for 1,800 DeVry borrowers who submitted a valid borrower defense application. The department will continue to process these applications and will issue full loan forgiveness to valid applicants.

Consumers who haven’t submitted an application for DeVry loan forgiveness can do so on the Department of Education’s borrower defense page. Applicants waiting for a decision on their application can check their status on the same website.

An Equifax settlement was finalized in January 2022 and, according to the FTC, affected Class Members will start to receive letters and emails regarding free credit monitoring services.

Equifax announced a massive data breach of 147 million people in September 2017. The company agreed to a settlement with the FTC worth over $425 million. Under the terms of the settlement, Class Members could file a claim by Jan. 22, 2020, and receive free credit monitoring.

According to the FTC, consumers can activate their Experian IdentityWorks credit monitoring on the website using the code received via letter or email. Class Members must activate their credit monitoring by June 27, 2022. After this date, the code will not work.

Class Members are still able to file a claim for out of pocket expenses related to the data breach incurred between Jan. 23, 2020, and Jan. 22, 2024. This includes unauthorized charges, attorney fees, accountant fees, notary fees, shipping fees, phone charges, and other expenses incurred while recovering from identity theft or fraud.

Affected consumers can contact JND Legal Administration, the settlement administrator, at 1-833-759-2982.



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