Scam of the day – October 13, 2017 – FTC sending refunds to victims of “free trial” weight loss scams

The Federal Trade Commission (FTC) is mailing 227,000 refund checks to victims of phony weight loss products and supplements sold by Health Formulas LLC and a number of other related companies.  According to the FTC, Health Formulas LLC lured victims with “free trials” and tricked their victims into providing their credit and debit card information.  Health Formulas LLC then enrolled their victims into a program with continuing automatic monthly payments for their bogus weight loss products.

The FTC is administering the refunds through Epiq systems, Inc, which began mailing checks earlier this week.  The checks must be cashed within 60 days and there is no fee or charge to obtain the refunds.

TIPS

For more information about this refund program go to the tab at the top of this page entitled “FTC Scam Refunds.”  You can also call the refund administrator directly at 800-690-2366 if you have questions about the refund program.

As for weight loss products, the truth is that there are no quick fixes when it comes to weight loss and you should be wary of any product that promises you can lose tremendous amounts of weight quickly without dieting or exercise.  You should also be wary of any weight loss product that is sold exclusively either over the Internet or through mail-order advertisements.  It is also important to remember that no cream that you rub in your skin can help you lose substantial weight and no product can block the absorption of fat or calories.  The best course of action is to ask your physician about the effectiveness of a particular weight loss product or program before you reduce your wallet in an effort to reduce your waistline.

Finally, there never is a reason to provide your credit or debit card information for a “free” offer.