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The value of the data
“The database is the basis for virtually all of our fraud cases that we’ve brought,” Torok said.
Last month, a business “coaching” scheme based in Nevada that allegedly took more than $100 million from consumers was shut down in part based on an investigation into complaints lodged by victims.
Beginning in 2007, Ivy Capital Inc. and 39 co-defendants promised to help consumers set up a successful Internet business. They overstated the earnings potential and charged up to $20,000 or more depending on the credit limit on the customers’ credit cards, according to the FTC’s complaint. Most customers later found it nearly impossible to use the plan to start a business. The defendants failed to disclose or honor their refund policy, according to the FTC. Defendants were ordered to hand over two houses and eight cars, among other assets.
To file a complaint related to fraud, identity theft or use of the do-not-call registry, go to www.ftc.gov or call 1-800-FTC-HELP.
Go to www.startribune.com/a2097 for the full report.
Hard Data digs into public records and puts a spotlight on rule breakers in Minnesota. Contact me at email@example.com.