Washington State Department of Financial Institutions

News Release

Monday, December 11, 2006


Officials to Announce Fraudulent Business Opportunity Sweep

The Washington State Department of Financial Institutions announces a business opportunity sweep in conjunction with the Federal Trade Commission, Department of Justice, and U.S. Postal Inspection Service. A press conference regarding a federal and state law enforcement sweep targeting fraudulent business opportunities and work-at-home scams will be Tuesday, December 12 at 10:30 a.m. EST. The press conference will announce more than 100 law enforcement actions and new educational materials. Consumers who invested in fraudulent business opportunities will also be telling their stories.

Who: Deborah Platt Majoras, FTC Chairman
Peter Keisler, DOJ Assistant Attorney General
Lee Heath, Chief U.S. Postal Inspector

Consumers who invested in fraudulent business opportunities
When: Tuesday, December 12, 2006
10:30 a.m. EST
Press Contact: Federal Trade Commission, Room 432
600 Pennsylvania Ave NW
Washington, DC

Reporters interested in attending the press conference will be permitted access to Room 432 at 10:00 a.m. Reporters unable to attend may access the press conference by calling:

Chairperson: Gail Kingsland ● Conference ID number: 4055095

The lines will open at 10:15 a.m. EST


If you have any additional questions regarding actions taken by DFI or would like to file a complaint against a business opportunity you may be involved with, please contact the Division of Securities at:

Mailing Address:
Department of Financial Institutions
Division of Securities
PO Box 9033
Olympia, WA 98507-9033

Phone Numbers:
Main Telephone Line: (360) 902-8760
Toll Free: (877) RING DFI (746-4334)
Fax: 360-902-0524
TDD: (360) 664-8126

About DFI
www.dfi.wa.gov • (360) 902-8700 • (877) 746-4334
The Washington State Department of Financial Institutions regulates a variety of financial service providers such as banks, credit unions, mortgage brokers, consumer loan companies, payday lenders, and securities brokers and dealers. The department has won numerous awards for its financial literacy and outreach programs developed to protect consumers from financial fraud.

Scott Kinney, Director of Communications
PH 206-245-7286 skinney@dfi.wa.gov