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Specifically, the FTC agreed to force Agora to reimburse people who were scammed by the company for lifetime subscription purchases. The company will also be forced to provide refunds to people who have been offered commissions for subscriptions that they have not purchased.
In order to avoid any wrongdoing during the pandemic, the FTC agreed with Agora to settle out of court. According to the FTC's website , the settlement was a legal agreement . It was agreed that Agora would be required to pay the $2 million in penalties and be ordered to make several changes to its business practices. Agora will also be required to pay a $4.5 million into a fund to help the elderly avoid other scam companies during the ongoing pandemic.
When it comes to these types of companies, there are some things you can do to ensure you're not getting scammed. There are several different options, but the best is to do some research. You can do this at your leisure and start by visiting the FTC's website.
The Agora case serves as a reminder of just how fragile and easy it is to get scammed. As long as there's still the concept of a record or a journal, there will be people trying to take advantage of it. Business practices need to be revamped in a more compliant and responsible manner.
The issue isn't that you shouldn't do such things. The issue is just how you do such things. According to the FTC , there was more than a half-million reports of people being scammed by The Agora. The company's CEO was arrested in April 2017 for fraud charges, and the FTC believes more arrests are on the way. At this point, it's hard to imagine many people would trust the company again.
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