FTC sanctions companies that advertised falsely “Able to earn billions of dollars in corporate business”

(Sejong = Yonhap News) Reporter Su-Yeon Su = The Fair Trade Commission announced on the 22nd that it would impose a correction order and a total of 40 million won on companies that falsely advertised that they could achieve high profits in a short period of time by operating insurance for corporations.

As a result of the FTC investigation, the two joint representatives of Company A, which closed business in 2018, and the Korea Sales Success Engineering Association, and KSA Co., Ltd., are false or exaggerated advertisements that they can achieve high returns in a short period of time through the insurance corporate business through Naver Cafe. did.

They used expressions such as “corporate business, how to achieve billions of dollars in annual salary in one month.” It is a business method that induces insurance subscriptions or receives commissions in exchange for consulting small businesses. That is, the FTC said.

According to the Fair Trade Commission, even though they had private licenses, they were advertised as “nationally registered policy finance instructors” and advertised as if they had national licenses.

Accordingly, the Fair Trade Commission accused the two joint representatives of Company A and the Korea Sales Success Engineering Association, and issued a corrective order by imposing fines of 22 million won and 6 million won respectively. KSA Co., Ltd. imposed a correction order and a fine of 12 million won.