Word: ftc
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...FTC vs. Kaplan
...schools founded by Stanley Kaplan, 60, the son of a Brooklyn plumbing contractor who has been tutoring all his professional life. Kaplan, rather brashly, had at one time advertised the ability of his review course, which now costs $275, to raise S.A.T. scores as much as 100 points. The FTC thought such claims "were not only unsubstantiated but false," says Albert Kramer, head of the Bureau of Consumer Protection...
...When the FTC last week released the findings of its four-year study, however, the entrepreneur from Brooklyn looked pretty good. The report was full of qualifications, and the results were still incomplete. But it clearly indicated that "underachieving students"-defined as those who score lower on standardized tests than their grades and class rank warrant -after ten weeks of coaching could improve both verbal and math scores by an average of 25 points. The largest average gain ever found by the College Board was eight to ten points...
...substantiate the suspicions of dealers and their customers that the gas shortage had been contrived by the oil companies. Nonetheless, a probe was being pursued by the Federal Trade Commission because statistics showed that gasoline production may have fallen more sharply than warranted. Said Alfred Dougherty Jr., the FTC's Bureau of Competition director: "If this cutback in the production of refined products was not justified by a scarcity of crude oil or other legitimate business reasons, the current gasoline shortage may be contrived." Admitted FTC Investigator Ronald Rowe: "Right now, we have a lot more questions than...
...Trade Commission has been investigating Amway on a variety of charges that include fixing the retail prices that its independent salespeople could charge, allocating sales territories and misrepresenting the amount of money that distributors could earn. Last July an administrative-law judge in Washington threw out most of the FTC'S charges, but found that Amway was guilty of fixing prices. Amway officials contended that the practice had been discontinued in 1972. The judge's decision pleased neither Amway's nor the FTC'S lawyers, and both filed appeals. A ruling on the case...