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Aug 22nd, 2007
Aug 22nd, 2007
Internet Affiliate Marketer Operators Busted In Boiler Room Scam
According to this FTC.gov release, a Phoenix, Arizona based Boiler Room Operation, The Results Group, L.L.C. and its co-owners are banned from telemarketing and will have their assets liquidated to pay off the consumers they ripped off.
In the FTC complaint, it is charged that the defendants misrepresented that consumers who purchased their business system were likely to earn a substantial income with little risk, and that they would receive substantial assistance from a staff of business experts. They claimed that some of their purchasers were making over $50,000 per month in commissions. In fact, most consumers never earned any income.