MCLEAN, Va. , March 30, 2022 /PRNewswire/ — BBB’s National Programs Direct Selling Self-Regulatory Council (DSSRC) referred certain FutureNet, Inc. revenue claims to the Federal Trade Commission (FTC) for possible enforcement action after the direct selling company offering online platforms and networking services did not respond to DSSRC requests. investigation.
The DSSRC’s investigation focuses on income statements posted by members of the sales force on social media, implying that participation in the company’s business opportunity will result in significant income at the career.
The tax returns in question were brought to the company’s attention by the DSSRC as part of its ongoing independent monitoring of the direct selling market. The FutureNet revenue claims in question include, but are not limited to:
- “It’s called passive income!!! Futurenet futuro coin futureadpro only gives the opportunity.” (Image showing account balance”$357,930.835” and one month’s payment history, a total of 5 payments from “$50,000.00“)
- Video titled “Futurenet Passive Income $126,000 NO RECRUITMENT!” with a description that read “Although Facebook never paid you a lucky penny, my friend just changed $126,000 in 6 months without telling anyone!” – J. Ryan Conley #FutureNet | #FutureNetPowerMatrix | #Infinite life”
- “The FutureNet revolution is underway in South Africa; get on now and create real and lasting passive income”
- “Futurenet, a social media platform that has three streams of income! a rewards program, passive income, and Futuro Coins!”
- “Earn full-time #income on a part-time effort. HUGE #residual income EVERY MONTH. https://ineedthis.putwalletaway.com/ #mlm #Leads” (Image with copy stating “What you can earn MONTHLY with Conversion Pros on ACTIVE SUBSCRIPTIONS you refer” showing the highest amount as “$10,000 Per month”)
- “Want to learn more about Futurenet, contact me and get financial freedom by investing from as little as $10 you can also inbox me
- “Come to Futurenet for your financial freedom”
- “Ready for astronomical income levels? FutureNet is the shuttle space to financial freedom!”
- “Want financial freedom, join me on futurenet”
The DSSRC expressed concern that such tax returns convey the message that participants in the company’s business opportunity can generally expect to earn a significant and career-level income.
The company first received a notice of investigation from the DSSRC in January 2022, after the DSSRC was able to identify the company’s contact details, to which the company did not respond. After several additional attempts to contact the company by phone and mail, the company did not respond to DSSRC’s investigation and did not provide substantiation for the claims.
In accordance with DSSRC policies and procedures, if a company does not respond to the DSSRC or refuses to participate, the DSSRC will render a decision that the company has not responded or refused to participate in the DSSRC process and will refer the matter. to the appropriate government agency. In addition, pursuant to Section (V)(B) of the DSSRC’s Policies and Procedures, if the affected company does not submit a statement in response, the DSSRC may refer the matter to an appropriate government agency for review and possible action. of law enforcement. Accordingly, given that the company did not respond to the DSSRC as part of the self-regulatory process, the DSSRC referred this matter to the FTC.
About National BBB Programs: National BBB programs are where businesses turn to build consumer confidence and consumers are heard. The nonprofit organization creates a fairer level playing field for businesses and a better experience for consumers through the development and delivery of effective third-party accountability and dispute resolution programs. Assuming its role as an independent organization since the restructuring of the Council of Better Business Bureaus in June 2019, BBB National Programs now oversees more than a dozen national industry self-regulatory programs and continues to evolve its work and increase its impact by providing business advice and promoting best practices in areas such as advertising, marketing to children and privacy. To learn more, visit bbbprograms.org.
About the Direct Selling Self-Regulatory Council: The Direct Selling Self-Regulatory Council (DSSRC), a division of National BBB Programs, provides independent and impartial oversight, dispute resolution, and enforcement of misrepresentation of products and tax claims made by direct selling companies and their sales force members on digital platforms. The DSSRC seeks to establish high standards of integrity and business ethics for all direct selling companies in the marketplace.
SOURCE BBB National Programs