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Schemers who targeted new businesses fined
The Federal Trade Commission has announced the operators of a scheme that targeted new businesses across the country with bogus threats of government fines will pay $1.2 million and be banned from sending unsolicited direct mail under a settlement with the Commission and the State of Florida. The defendants’ mailers directed businesses to pay $84 for labor law posters and threatened that, “Failure to comply with posting regulations can lead to fines of up to $17,000.” Such posters are available for free from government agencies. The settlement imposes judgments totaling more than $8 million, which are suspended due to the defendants’ inability to pay. They will instead pay $1.2 million that will be returned to businesses that lost money to the scheme.