Tuesday, April 21, 2020

Flash: COVID Quacks, Madoff Pays Out More

A Stitch in Time for Some Madoff Victims
 
 The Department of Justice announced that on April 20, the Madoff Victim Fund (MVF) began its fifth distribution of approximately $378.5 million in funds forfeited to the U.S. Government in connection with Bernie Madoff's investment fraud scheme, bringing the total distributed to over $2.7 billion to nearly 38,000 victims worldwide. Bernie Madoff has currently served 10 years of a 150-year sentence related to his Ponzi scheme.


 Worse than Eating Tide Pods

The United States District Court for the Southern District of Florida has entered a temporary injunction halting the sale of an unapproved, unproven, and potentially dangerous coronavirus (COVID-19) treatment product, the Department of Justice announced today.

The Department of Justice alleges that the defendants, Genesis and its principals sell and distribute a product called Miracle Mineral Solution, also referred to as MMS.  Genesis sells MMS through its websites claiming that it will cure, mitigate, treat, or prevent Coronavirus, which includes COVID-19, as well as other diseases including Alzheimer’s, autism, brain cancer, HIV/AIDS, and multiple sclerosis, among others.  MMS is a chemical product which, when combined with the included activator, creates a powerful bleach product that the defendants market for oral ingestion.  The Food and Drug Administration (FDA) has previously issued public warnings to consumers that MMS can cause nausea, vomiting, diarrhea, and symptoms of severe dehydration.  The Justice Department sought preliminary relief from the court.

“The Department of Justice will take swift action to protect consumers from illegal and potentially harmful products being offered to treat COVID-19,” said Assistant Attorney General Jody Hunt.


Links
https://www.justice.gov/opa/pr/justice-department-announces-additional-distribution-more-378-million-victims-madoff-ponzi

https://www.justice.gov/opa/pr/justice-department-seeks-end-illegal-online-sale-industrial-bleach-marketed-miracle-treatment

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