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Legal News Articles - Consumer Fraud

California Launches Investigation Into MetLife Death Payment Practices

April 27, 2011. By Lucy Campbell.
Sacramento, CA Insurance Commissioner Dave Jones and California State Controller John Chiang have announced the issuance of a subpoena and joint investigative hearing into the practices of Metropolitan Life Insurance Company (MLIC), also known as MetLife.
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UBS Fined for Lehman Brothers Principal Protected Notes

UBS Fined for Lehman Brothers Principal Protected Notes April 12, 2011. By Heidi Turner.
New York, NY In the ongoing battle concerning UBS Lehman Principal Protected Notes, the Financial Industry Regulatory Authority (FINRA) has issued a blow against the UBS Lehman structured notes. FINRA has awarded more than $8 million to investors who alleged that UBS downplayed the risks associated with the Lehman Brothers Principal Protected Notes.
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UBS Lined Its Pockets While Hanging Investors Out to Dry: Allegation

UBS Lined Its Pockets While Hanging Investors Out to Dry: Allegation April 5, 2011. By Gordon Gibb.
Orlando, FL Among a host of investors who were stung by alleged fraud thought to be associated with UBS Lehman Principal Protected Notes are retired individuals desperately trying to grow their nest egg through risk-free investments and a not-for-profit organization using the investment product to raise some much-needed capital with which to operate and undertake good works.
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Nationwide Recall of Dietary Supplements X-Hero and Male Enhancer

March 28, 2011. By Lucy Campbell.
Washington, DC USA Far Ocean Group Inc is conducting a nationwide recall of the Company's two supplement products sold under the names X-Hero and Male Enhancer. The Company has been informed by representatives of the Food and Drug Administration (FDA) that lab analysis by FDA of X-Hero sample found the product contains sulfosildenafil, the analogue of the active ingredient of an FDA-approved drug used to treat erectile dysfunction (ED), making X-Hero an unapproved drug. In addition, FDA analysis of Male Enhancer sample found the product contains tadalafil, the active ingredient of an FDA-approved drug used to treat erectile dysfunction (ED), making Male Enhancer an unapproved drug.
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Attorney: Advisors and Brokers Could Be Liable for Alleged Carr Miller Investor Losses

Attorney: Advisors and Brokers Could Be Liable for Alleged Carr Miller Investor Losses March 27, 2011. By Heidi Turner.
Marlton, NJ Investors who lost money in the alleged Carr Miller Capital Ponzi Scheme may worry that there will be no money left over for them to recover their losses. After all, the defendants, Everett Charles Ford Miller, Ryan J. Carr, Brian P. Carr, reportedly spent $13 million on personal purchases. Christopher J. Gray, attorney with the Law Office of Christopher J. Gray, P.C. in New York City, says there may be more than one way for investors to recover money lost in the alleged Ponzi scheme.
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Investors Filing Claims against UBS Lehman Brothers Principal Protected Notes

Investors Filing Claims against UBS Lehman Brothers Principal Protected Notes March 26, 2011. By Heidi Turner.
Concord, NH Investors who had money in UBS Principal Protected Notes might have given a sigh of relief when they heard about the collapse of Lehman Brothers. They might have said they were happy not to have their money tied up in Lehman Brothers structured notes or other Lehman Brothers products. If so, they were probably stunned to learn that their UBS Principal Protected Notes were actually a Lehman Brothers Product, and when Lehman Brothers collapsed, the UBS Lehman Principal Protected Notes lost their value.
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$23.4 Million for Medical Sales Exec Who Blew the Whistle

$23.4 Million for Medical Sales Exec Who Blew the Whistle March 24, 2011. By Brenda Craig.
New York, NY Attorney Kirk Chapman and fellow attorney Ross Brooks from Milberg LLP in New York City recently settled a ground-breaking whistleblower suit under the False Claims Act on behalf of Sean Mason, a sales executive at a giant US medical supplies company.
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The Debate Rages: Does hCG Melt Pounds? Is It Safe?

The Debate Rages: Does hCG Melt Pounds? Is It Safe? March 13, 2011. By Gordon Gibb.
New York, NY For years, Americans have been fascinated—some say blindsided—by an obsession with their weight. The fast food nation, coupled with modern-day conveniences like television remotes that don't require you to get up to change the channel or volume, don't help. And while most health advocates agree that weight control is a careful balance of food choice, caloric intake and regular exercise, most Americans go looking for the quick fix—a diet that's easy, as it is effective.
Read [ The Debate Rages: Does hCG Melt Pounds? Is It Safe? ]

UBS Lehman: How Safe Are Principal Protected Notes?

UBS Lehman: How Safe Are Principal Protected Notes? March 11, 2011. By Heidi Turner.
Philadelphia, PA To say that investors who had UBS Lehman Principal Protected Notes were stunned when their investments lost a lot of their value is probably an understatement. Many say they had no idea that Lehman Brothers was the sole guarantor of the UBS Lehman structured notes, and no idea that the UBS Principal Protected Notes were such risky investments. Unfortunately, many investors say they lost a lot of money when Lehman Brothers failed and their investment dropped dramatically in value.
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hCG Dieter Suffers Pulmonary Embolism

March 10, 2011. By Lucy Campbell.

The Food and Drug Administration (FDA) has received a report of a pulmonary embolism occurring in a patient on the hCG diet. According to Christopher Kelly, a spokesman for the FDA, the hormone, which is injected daily as part of an extremely low calorie diet, carries risks of blood clots, depression, headaches and breast tenderness or enlargement.

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