Word: ftc
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...decision may be on shaky legal ground, he gave voice to a growing concern in government and industry about the role Microsoft plays in the country's fifth largest industry. And his pointed inquiries seem to have taken him closer to the heart of the problem than the ftc and Justice Department managed to get after more than four years of investigation. "It is clear to this court," Sporkin wrote in an impassioned, 45-page decision, "that if it signs the decree presented to it, the message will be that Microsoft is so powerful that neither the market...
Consumer watchdogs say overseas-job scams rake in at least $100 million a year. No one, not even the Federal Trade Commission (FTC), knows for sure. But the trade is so lucrative that even a small-time boiler-room operation with just three phones can take in $5,000 a day. Fly-by-night operators flourish in Florida, where policing is spotty at best. In the past year about 100 employment agencies have sprung up in the state to peddle overseas jobs. Half have already closed...
Consumer advocate Stuart Rado, a Miami Beach businessman who lost $3,500 to an overseas-job firm in 1981, blames the government for lax policing. "The FTC is impotent to do anything. People don't know where to complain," he says. In the past six months, however, the state attorney general's office has filed civil suit against four companies, including the now defunct Roblan, and is investigating four more firms for deceptive trade practices. Last month the FTC filed a complaint against another Florida operator, the Douglas Co., for allegedly deceiving clients about jobs in sunny foreign climes...
Although the FTC warns consumers to beware of any company seeking advance fees, even skepticism is sometimes no protection. Randall Deaver, 25, an unemployed sheet-metal worker in Fort Worth, Texas, was leery of promises that he would have a job in Cancun, Mexico, in three months. When he could find no complaints on file with the Better Business Bureau, he and a friend sent a $295 joint fee. All they got for it was the runaround. "I figured it was scam, but I took a chance," says Deaver with a sigh. "The moral is, of course, if it sounds...
Both Reich and Nye have served in previous Democratic administrations, the former as director of policy planning for the FTC under president Jimmy Carter and assistant to the solicitor general under president Gerald Ford; the latter, as undersecretary of state for security assistance, science, and technology in the Carter administration...