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Fraud

Cricket Mobile Phones

Cricket Communications, LLC is settling a class action alleging that it sold phones that it knew would not be usable on its new network after it merged with AT&T. The complaint claimed the company had violated the Magnuson-Moss Warranty Act, state warranty law, the Maryland Consumer Protection Act, and other consumer protection laws, among other thing. 

Alder Holdings Logo

There are many ways to take customers away from rivals, but fraud should not be one of them. The complaint for this class action claims that Alarm Protection Technology, LLC (APT) makes a practice of lying to customers of other companies in order to get them to switch to APT services. For example, it said that SSI had gone out of business, that it had assigned their accounts to APT, that SSI could no longer properly monitor their alarms, or that SSI no longer served their area.

Word "Fraud" in Red Circle with Strikethrough

The complaint for this class action alleges that a Ponzi scheme built around Towers Financial Corporation (TFC) took millions of dollars from over 200,000 investors between the late 1980s and the mid-1990s. One of the parties to this scheme, Steven Hoffenberg, was convicted and sentenced to twenty years in prison, plus fined and required to apy over $450 million in restitution. This case seeks penalties for The Financial Trust Company (TFTC), Jeffrey E. Epstein, and other entities involved in the scheme.

Pyrex Measuring Cup

Is it fraud if a company takes a decades-old, reliable product and changes its composition to an inferior material, which is then sold under the same name? The complaint for this class action claims cites fraud, among other things, in this case on the changed composition of Pyrex from borosilicate glass to soda lime glass. 

InventHelp Ad Caveman and Wheel

Plaintiff Etta Calhoun had an idea for an invention, and she was attracted by InventHelp commercials, which claimed that the company had “more than 9,000 companies who have agreed to review ideas” it submits. However, the complaint for this class action alleges that InventHelp maintains a fraudulent web of companies that do nothing but defraud would-be inventors while escaping liability. 

Art Institute of NYC

With college tuitions soaring and students having to take out enormous loans to get an education, students are looking more closely at what they’re getting for their money. The complaint for this class action alleges that for-profit college the Art Institute of New York City deliberately misled them about their prospects for employment after graduation, falsifying statistics, job status, job titles, and salary levels. 

Life Storage (formerly Uncle Bob's)

The defendants in this class action—Sovran Self Storage, Inc., Sovran Acquisition, LP, Uncle Bob’s Management, LLC, (collectively now Life Storage, Inc.)—are putting up $8 million to settle a class action alleging that they New Jersey consumer protection and other laws.

Entrance to Le Cordon Bleu in Portland, Oregon

Students have arrived at a settlement with the Western Culinary Institute, now called Le Cordon Bleu College of Culinary Arts in Portland, Oregon, and the Career Education Corporation. The class action alleges that the school misrepresented or failed to disclose information about the nature and value of the education it provided to its students.

Bottle of Nature's Bounty Biotin

Nature’s Bounty sells vitamins and other supplements. One of its products is biotin, provided in high doses of 5,000 to 10,000 mcg. But what do such large doses of biotin actually do? Virtually nothing, the complaint claims, even though the labels claim they help hair, skin, and nails. 

BitConnect Logo

It’s a wonder that buyers still exist for new cryptocurrrencies that show no signs of any serious underpinnings to support their claims. The complaint for this class action alleges that BitConnect coins are unregistered securities, a fraud, and a Ponzi scheme. Income from BitConnect coins is purportedly obtained through up to 40% interest per month, an additional daily rate of interest, profits generated by “volatility software,” and a commission on purchases made by referrals. The complaint alleges that BitConnect coins are unregistered securities, sold in violation of the Securities Act of 1933, and that the defendants have engaged in common fraud as well as fraud in the purchase or sale of securities in violation of the Securities Exchange Act of 1934. 

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