We began 2014 by announcing that a court ordered Oro Marketing to temporarily shut down operations for bogus business practices. This phone fraud targeted Spanish-speaking Latinos, promising them packages of high-end goods that they could – supposedly – re-sell to make extra money.
The company charged between $400 and $490 for the packages, but only delivered low-quality, off-brand products that were impossible to sell. No one made any money – except the defendants, who misled people to steal their money, according to the FTC.
Now, at the start of 2015, we are announcing that the FTC reached a settlement with Oro Marketing that bans company and its mastermind from doing business in the telemarketing industry.
The Oro Marketing lawsuit is the basis for the FTC’s fotonovela, a Spanish-language graphic novel called Estafa de Ingresos, or income scams.