Saturday, May 15, 2021

Feds Go After Coronavirus Scammers including Jim Bakker

Must read

Supreme Court TCPA ATDS Ruling a Big Win for Telemarketers

On April 1, 2021, the U.S. Supreme Court issued a unanimous decision in the matter of Facebook, Inc. v. Duguid that is...

Is John Monarch Behind a $100 Million Bank Scam?

John Monarch was promoted Heavily by Affiliate Summit Founder Missy Ward, raising lots of questions. The Securities and Exchange commission delivered an early...

FTC Releases 2020 Annual Highlights

On March 25, 2021, the Federal Trade Commission released its 2020 Annual Highlights, emphasizing the agency’s ongoing efforts to protect consumers. “Despite the challenges...

Marketing Fraud Continues to Grow in 2021, and Ad Companies Are Clueless

A new report from White Ops demonstrates that marketing fraud is growing, but that many in the online advertising space may not...
Pesach Lattin
Pesach Lattinhttp://pacevegas.com
Pesach "Pace" Lattin is one of the top experts in interactive advertising, affiliate marketing. Pace Lattin is known for his dedication to ethics in marketing, and focus on compliance and fraud in the industry, and has written numerous articles for publications from MediaPost, ClickZ, ADOTAS and his own blogs.

The Federal Trade Commission and Federal Drug Administration took action by sending warning letters to several companies for allegedly selling products using deceptive or unsupported scientific claims about the products’ ability to treat the SARS strand of COVID-19 known as coronavirus.

Last week, warning letters were sent to companies advertising products such as teas, essential oils, herbs and colloidal silver. Colloidal Vitality, Quinessence Aromatherapy, N-ergetics, GuruNanda, Vivify Holistic Clinic, Herbal Amy, and The Jim Bakker Show are among those companies, according to Lewis Rice law firm in St. Louis.

Perhaps the most hillarious part? Two federal agencies have issued an official warning to televangelist Jim Bakker after he was caught selling products that claim to cure coronavirus. The Jim Bakker Show was among seven companies singled out by the Food and Drug Administration (FDA) and the Federal Trade Commission for selling a phony potion, “Silver Solution,” which they claim can “eliminate” the COVID-19 virus.

In an official statement, the FDA noted that it had reviewed the Jim Bakker Show website and found it was in breach of federal rules on the sale of unapproved products. “The FDA has determined that your website offers products labeled to contain silver, such as “Silver Sol Liquid,” for sale in the United States and that these products are intended to mitigate, prevent, treat, diagnose, or cure COVID-19 in people.”

Under the FTC Act, 15 U.S.C. 41 et seq., it’s illegal to market a product as one that can prevent, treat, or cure human disease without reliable scientific evidence. The letters demand recipients to cease making claims that their products can treat or cure coronavirus.

The FTC can pursue a variety of civil and criminal remedies, Carey explains. In terms of criminal remedies, any person or company that violates Section 52(a) of the FTC Act, the dissemination of false advertisements, may be guilty of a misdemeanor, and on conviction shall be punished by a fine of not more than $5,000 or by imprisonment for not more than six months, or both.

The federal action comes a week after New York’s Attorney General Letitia James issued a cease-and-desist letter to Bakker regarding the sale of the substance.
Bakker, 80, has yet to comment on the controversy.

- Advertisement -

More articles

What's your opinion?

- Advertisement -

Latest article

Supreme Court TCPA ATDS Ruling a Big Win for Telemarketers

On April 1, 2021, the U.S. Supreme Court issued a unanimous decision in the matter of Facebook, Inc. v. Duguid that is...

Is John Monarch Behind a $100 Million Bank Scam?

John Monarch was promoted Heavily by Affiliate Summit Founder Missy Ward, raising lots of questions. The Securities and Exchange commission delivered an early...

FTC Releases 2020 Annual Highlights

On March 25, 2021, the Federal Trade Commission released its 2020 Annual Highlights, emphasizing the agency’s ongoing efforts to protect consumers. “Despite the challenges...

Marketing Fraud Continues to Grow in 2021, and Ad Companies Are Clueless

A new report from White Ops demonstrates that marketing fraud is growing, but that many in the online advertising space may not...

FTC Order Requires Company and Its Owner to Pay $146,249, and Stop Making Deceptive ‘Made in USA’ Claims

The Federal Trade Commission recently announced that a company that sells customizable promotional products such as wristbands, lanyards, temporary tattoos, and buttons,...