US trade regulator accuses billion dollar Ukrainian IT giant of fraud
3 Articles
3 Articles
US trade regulator accuses billion dollar Ukrainian IT giant of fraud
A federal court has temporarily halted the operations of 15 corporations and eight individuals under the Kyiv-based firm Genesis Tech, which the U.S. Federal Trade Commission said in a public statement deceived consumers with hidden costs, recurring charges, and convoluted mechanisms to cancel subscriptions.
The US Federal Trade Commission (FTC) has filed a sweeping lawsuit in federal court against the Ukrainian IT company Genesis Tech. The regulator accuses the holding company and its associated international network of companies of creating hidden online subscriptions, unauthorized withdrawals of millions of dollars, and intentionally complicating the process of canceling services. At the request of the agency, the court has already temporarily bl…
The Federal Trade Commission of the United States (Federal Trade Commission) tried on 17 June a lawsuit against the technology company Genesis Tech of Ukraine, accusing it of operating "deceptive subscription schemes that would have affected American consumers with hidden fees and service cancellation difficulties, according to The Kyiv Independent. According to accusations filed in [...] Source
Coverage Details
Bias Distribution
- 100% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
