FTC Sends Full Refunds Totaling Over $2 Million to Consumers who Lost Money Through Deceptive Direct Mail Publications Scheme

Nearly 35,000 victims of a misleading direct mail marketing scam conducted by defendants Agora Financial, LLC and NewMarket Health and others are receiving more than $2 million in refunds from the Federal Trade Commission (FTC). False promises and misleading advertising were central to the plan, which preyed on seniors throughout the country.

Misleading claims of obtaining substantial quantities of money via a book titled “Congress’ Secret $1.17 Trillion Giveaway” and materials claiming to treat type 2 diabetes in 28 days without dietary or activity adjustments were among the fake publications.

Full compensation is being provided to impacted customers via physical checks and PayPal refunds since the money was recovered from the defendants by the FTC. It is recommended that recipients use their PayPal reimbursements within 30 days, or deposit or paychecks within 90 days. Recipients may reach out to Ankura Consulting Group, LLC, the administrator, with any questions about refunds.

A recent Supreme Court decision severely limited the FTC’s capacity to seek monetary redress in federal court. In response, the Commission urged Congress to reinstate this jurisdiction so that consumers may be adequately protected.

Avoid Agora Financial

There’s no doubt that you should proceed with care when thinking about financial services and guidance. Agora Financial has a history of pushing a range of financial services and products that might not always live up to expectations, as have its affiliated companies, including Moneyweek magazine, Southbank Research, Capital and Conflict, Betting Rant, The Daily Reckoning, and The End of Britain.

Promoting deceptive “info products” and newsletter services is one instance of this. These, like the latest campaign involving Brexit severance payments, are usually fee-based and purport to provide unique or top-secret methods for financial benefit. These assertions, however, can be misleading or overstated.

Investing in dividend-paying shares is one way to acquire the Brexit severance checks, for example, since they are allegedly linked to listed company payouts. This process does not need any particular “secret” information from Agora Financial.

Customers must fully investigate any financial service or product before investing and must be aware of the dangers connected with such products. You should approach Agora Financial and its affiliates’ offers with suspicion and look for other, impartial sources of financial advice, even if some of the information they give could be useful.

To avoid making any financial judgments, constantly double-check information and seek advice from many reliable sources.