Month: May 2026
New York AG Secures Over $5M from Crypto Platform for Alleged Promotion of Fraudulent Investment Scheme
By Richard B. Newman |
On April 29, 2026, the Office of the New York Attorney General announced that it has secured more than $5 million from the cryptocurrency platform Uphold HQ, Inc. (Uphold) for allegedly misleading investors and promoting a fraudulent cryptocurrency investment scheme purportedly orchestrated by Cred, LLC (Cred) and it’s Chief Executive Officer. According to the OAG, an…
FTC Takes Action Against MLM Participants That Allegedly Deceived Workers About the Amount of Money They Could Earn
By Richard B. Newman |
In April 2026, the Federal Trade Commission announced that it is taking action against high-level participants in a multilevel marketing company over allegations they used false or baseless earning claims to recruit workers, most of whom did not earn any money. The FTC alleged in a complaint that senior-level participants in a MLM called LifeWave, deceived consumers…