The Federal Trade Commission (FTC) is paying $25 million to subsequent-gen sweepstakes scam victims around the world

The Federal Trade Commission (FTC) is paying $25 million to subsequent-gen sweepstakes scam victims  ...

The Federal Trade Commission of the United States is giving out about $25 million to individuals in the United States and abroad who have been defrauded by the Following-Gen sweepstakes scam.

The funds will be repaid to 244,745 people today across the world by way of checks in the United States and Canada, Mastercard debit cards in the United Kingdom, and PayPal payments in 50 other countries, according to the FTC.

The deadline to make hard cash checks or declare PayPal payments is October 17, 2022. The Mastercard debit playing cards in the United Kingdom have a two-calendar year use period before expiring.

The Upcoming-Gen sweepstakes scheme saw Kevin Brandes, William Graham, and C. Floyd Anderson send out postcards telling individuals they had won a funds prize, in some cases as much as $2 million, in exchange for spending a cost of between $9 and $140. Many victims paid the cost in various situations just before they realized it was a fraud, according to the FTC.

The FTC has since had its authority to find refunds on behalf of individuals who were removed from the system by a Supreme Court docket judgment in 2021. It has urged Congress to restore this authority.

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