FTC Release: FTC Sues to Stop Sprawling Enterprise Operating Unlawful Subscription Schemes

Dow Jones
Jul 02

Agency alleges Genesis Tech enterprise and its owners operated misleading internet-based subscription schemes, billed consumers without authorization and made cancellation difficult

At the Federal Trade Commission's request, a federal court has temporarily halted a sprawling enterprise of deceptive subscription schemes--comprised of 15 corporations and eight individuals--from continuing to deceive consumers with hidden costs and recurring charges, while failing to provide simple mechanisms to cancel subscriptions.

View Press Release: https://www.ftc.gov/news-events/news/press-releases/2026/06/ftc-sues-stop-sprawling-enterprise-operating-unlawful-subscription-schemes

 

(END) Dow Jones Newswires

July 01, 2026 14:21 ET (18:21 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10