by Paul Ducklin on October 26, 2014
EXCERPT
"FTC takedownSo take heart from another small but positive outcome, thanks to the Federal Trade Commission (FTC) in the USA: Uttam Saha and Tiya Bhattacharya, who ran a company called Pairsys in Albany, New York, have been shut down by court order.
That may not sound like much, because all that's happened is that they have to stop doing something that was dishonest, immoral and illegal anyway.
But in this case, the settlement with the FTC will see the scammers' operation shuttered and their assets frozen.
Indeed, Jessica Rich, director of the FTC’s Bureau of Consumer Protection, said:
We are pleased that the court has shut down the company for now, and we look forward to getting consumers' money back in their pockets.There's a lot of money to recover: the FTC claims that the pair have pulled in about $2,500,000 in the past two-and-a-half years."
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