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T-Mobile US Inc. was sued by the U.S. Federal Trade Commission over claims the wireless carrier placed unauthorized third-party charges on customer bills. Bloomberg’s Yang Yang reports on “In The Loop.” (Source: Bloomberg July 2, 2014)
FTC probably a little late -- it was a problem, a year ago --
FTC: T-Mobile knowingly added bogus charges to bills: "..."It's wrong for a company like T-Mobile to profit from scams against its customers when there were clear warning signs the charges it was imposing were fraudulent," said FTC Chairwoman Edith Ramirez in a statement. "The FTC's goal is to ensure that T-Mobile repays all its customers for these crammed charges.""
DailyTech - FTC Calls Out T-Mobile for Fraudulent Charges on Phone Bills, CEO Lambasts Claims: "...T-Mobile CEO John Legere has since responded to the FTC complaint, saying that it is "unfounded and without merit." Here's Legere's full statement: We have seen the complaint filed today by the FTC and find it to be unfounded and without merit. In fact T-Mobile stopped billing for these Premium SMS services last year and launched a proactive program to provide full refunds for any customer that feels that they were charged for something they did not want. T-Mobile is fighting harder than any of the carriers to change the way the wireless industry operates and we are disappointed that the FTC has chosen to file this action against the most pro-consumer company in the industry rather than the real bad actors..."
Famed investor Tim Draper wins auction of Silk Road’s 29,655 bitcoins | Ars Technica: "A relatively unknown Silicon Valley Bitcoin startup named Vaurum announced that one of its primary investors, Tim Draper, has won the government auction of an enormous trove of 29,655 bitcoins seized from Silk Road—currently worth over $19 million. “Bitcoin frees people from trying to operate in a modern market economy with weak currencies,” Draper, a founding partner at the well-known venture capital firm Draper Fisher Jurvetson (DFJ), said in a statement posted by Varurum on Wednesday morning. DFJ manages over $7 billion in global investments and was an early funder of Hotmail, Skype, Tesla Motors, and the Pebble watch. Vaurum said in its statement that it will partner with Draper to “leverage the pool of [around] 30,000 bitcoins as a liquidity source” as a way to develop trading platforms in “developing economies.”..."
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New Zealand Herald
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