FTC to Announce Enforcement Action against Largest International Real Estate Investment Scheme the Agency Has Ever Encountered

FTC to Announce Enforcement Action against Largest International Real Estate Investment Scheme the Agency Has Ever Encountered

WASHINGTON, Nov. 2 – (RealEstateRama) — The Federal Trade Commission will hold a press conference on Thursday, November 8 at 11 am in Washington, DC, to announce a law enforcement action against the largest-ever international real estate investment scheme the agency has encountered. The Commission estimates that to date hundreds of consumers have lost more than $100 million to the illegal scheme.

WHAT: Press conference to announce FTC action regarding an allegedly illegal international real estate investment scheme
WHO: James Kohm, Assistant Director, FTC’s Division of Enforcement

Consumer affected by the alleged scheme

WHEN: Thursday, Nov. 8, 2018, 11 am ET
(Doors will open at 10:45 am ET)
WHERE: FTC Headquarters, 600 Pennsylvania Avenue, NW
Washington, DC 20580
WEBCAST: The event will be webcast live. A link to the webcast will be available at ftc.gov on Thursday morning.
MEDIA CONTACT: Mitchell J. Katz
FTC Office of Public Affairs
202-326-2161

Reporters unable to attend the event can dial in to listen and ask questions. The call-in number is 1-800-288-8961, and the confirmation number is 456727. The host is Bruce Jennings. Lines will open at 10:45 am ET. Call-in lines are for reporters only. All media attending the press conference must have a valid photo ID to access the building.