FTC Acts on BBB Tip to Shut Down Insurance Fraud

July 14, 2016

Insurance SchemeThe Federal Trade Commission, acting on a BBB investigation, has shut down a fraudulent medical insurance scheme and ordered the owner to pay more than $8.7 million in restitution to consumers in 32 states. Congratulations to BBB Serving Wisconsin for their outstanding investigation, which was referred to the FTC in 2013. Consumers are urged to file complaints with BBB when they have a problem with company; these complaints help the organization identify problem companies. BBBs across North America conduct more than 11,000 investigations a year to look into scams, fraud, and other substandard marketplace behavior.

Read more about this Appleton-based company that ran a multi-state medical insurance scheme.