On February 25, 2020, the FTC announced it is mailing 27,174 checks totaling more than $551,000 to consumers who purchased deceptively marketed "cognitive improvement" supplements. The refunds are being distributed as part of a settlement of charges that the products contained deceptive claims.
The twelve corporate and four individual defendants were charged in April of 2019 with using sham news websites containing false and unsubstantiated efficacy claims, references to non-existent clinical studies, and fraudulent consumer and celebrity endorsements. The products include Xcel, EVO, Geniux, and Ion-Z.
The FTC noted that checks will begin being mailed out today, and that recipients should deposit or cash checks within 60 days. It also reminded consumers that the FTC never requires people to pay money or provide account information to cash refund checks. The average check amount is $20.28.
For other Recalls and Warnings click HERE.For information about reporting serious reactions and problems with medical products to the U.S. Food and Drug Administration through its MedWatch reporting program, please go to http://www.fda.gov/medwatch/how.htm.
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