Weight-Loss Supplements Marketer to Pay $5.5 Million to Settle FTC Charge
The FTC has beefed up it's efforts to police the health and wellness industry and taking bogus dietary supplements off the market. They are finding bogus products in traditional and non traditional venues as the following info will show you.As part of its ongoing efforts to stop bogus health claims, the Federal Trade Commission is requiring a major marketer of dietary supplements to pay $5.5 million to settle charges that it falsely advertised that its supplements could help consumers lose weight and treat or prevent colds and other illnesses.
The $5.5 million will be used for refunds to consumers who purchased Accelis, nanoSLIM, and any Cold MD, Germ MD, and Allergy MD product. These supplements were sold over the Internet and were widely available at retail stores. In addition, the settlement requires the marketer to stop making deceptive health claims about the products.
The FTC charged Iovate Health Sciences U.S.A. and two affiliated Canadian companies with deceptively advertising their supplements using television ads, Internet websites, and print ads in national magazines. Get the full story here.
