World Trader's Association Scam
" Two persons have agreed to settle Federal Trade Commission charges for their roles in a fraudulent business opportunity scheme targeted in early 2005 as part of "Project Biz Opp Flop," a crackdown on violations of the FTC's Franchise Rule, which requires that prospective franchisees must be given a full disclosure document about business opportunities they are offered, and Section 5(a) of the FTC Act, which prohibits unfair and deceptive acts or practices affecting commerce.
Jennifer Lynn Klotthor and her sister, Jaime L. Klotthor , a/k/a Jaime Valentine, were involved with the deceptive practices of World Traders Association Inc., a Nevada corporation, and several other corporate and individual defendants. According to a complaint filed by the FTC in January 2005, the defendants made false and deceptive promises to franchise purchasers who paid as much as $8,000 in return for access to overstocked merchandise, expert training in the surplus goods industry, and substantial income."
The developments in this business opportunity fraud, to date, can be read here.
