Home Consumer “IWorks” Billing Scheme Ringleaders To Pay FTC $280-Million (Video)

“IWorks” Billing Scheme Ringleaders To Pay FTC $280-Million (Video)

Good news for consumers, as software company, IWorks has agreed to a huge settlement in a massive consumer fraud case brought by the FTC.  The ringleaders have agreed to pay back $280 million scammed out of customers who had signed up for “free” or “risk- free” trials.

“Nothing is ever free, though to you it be.
Somewhere, somehow, someone paid.” – Roger Hancock

Two of the schemes leaders have also been sentenced to prison.

Here’s how the FTC case went down:

“The ringleader and two other defendants in the massive IWorks online billing scheme have agreed to settle Federal Trade Commission charges that they took more than $280 million from consumers via deceptive “trial” memberships for bogus government-grant and money-making products.

In addition, the wife and parents of IWorks’ owner and CEO Jeremy Johnson have agreed to settle FTC charges that they received assets and funds as gifts from Johnson that came from the unlawful scheme.

In another matter involving the IWorks scheme, a federal jury in Utah convicted Jeremy Johnson and Ryan Riddle of making false statements to a bank on multiple IWorks merchant account applications. After Johnson and Riddle agreed to settle with the FTC, Johnson was sentenced to 11 years and three months in prison, and Riddle to five years and three months.”

Read the FTC agreement

Look before you leap. The FTC has a list of things to do before you sign-up for that “free” or “free trial” offer. You can find those HERE

By Al Sunshine, SouthFloridaReporter.com, Consumer Investigator, Aug. 30, 2016 

Al Sunshine is a South Florida-based Broadcast and Digital Journalist whose career has spanned more than 40 years at the local and national levels. His award-winning investigations have triggered more than a dozen state and local consumer protection laws and his work’s been cited in Congressional Testimony before the U-S House of Representatives. He is best known for his “Shame On You” features for CBS Miami which sought to expose businesses, agencies and individuals defrauding or deceiving consumers, as well as endangering the safety and welfare of the general public. In 2013 Al retired from CBS Miami to set up his own Digital News Business, “Sunshine News, LLC” and Al continues to blog for the Radio, Television, Digital News Association, sponsors of the prestigious Edward R. Murrow Awards”. An avid environmentalist, Al is one of the founding members of the “Miami Pine Rocklands Coalition”. The Florida Non-Profit is fighting to save and restore the last 2% of Pine Rocklands found only in South Florida and nowhere else in the continental United States. Al was recently elected its President.