The article below, which I will quote from was written by Donna De La Cruz of the Associated Press, and the (copyrighted article) appeared in the Albuquerque Journal on Friday January, 5, 2007. The headline of the artile reads: "Forget Magic Pill, Dieters...Feds Fine Firms For Fake Claims."
I will quote from the article and give my own two cents.
Article: "Now, that you've indulged in all those holiday goodies and made that resolution to shed pounds, the government says don't count on a diet pill to help. The Federal Trade Commission said Thursday (1/4/07), it was fining the marketers of four weight-loss drug companies a collective $25 million for false advertising claims. Despite that, the pills Xeadrine EFX, CortiSlim, One-a-Day, WeightSmart and TrimSpa...will remain on the shelves."
My Two Cents: There's a sucker born everyday, and despite the government allowing these companies to sell their fraudulant products, I know there will continue to be people out there who will throw their money away on these products.
Article: "It is resolution time again, isn't it?" said FTC Chairwoman Deborah Platt Majores...'We're implementing our resolution to fight back against companies that use deceptive advertising claims.' Some of the products marketed their claims through infomercials or celebrity endorsements. Anna Nicole Smith, for example, has endorsed TrimSpa. 'Testimonials from individuals are not a substitute for science,' Majores said. 'And that's what American's have to understand.' The FTC investigated a variety of claims, including rapid weight loss and reduction in the risk of osteoporsis, Alzheimer's and even cancer, Majores said.
My Two Cents: I saw a short piece come over AOL, on the same subject matter, and it said that, a person can take a pill and while they sleep and lose weight! The drugs increase metabolism while sleeping and PRESTO the weight is gone! (Yeah, and I'm the Easter Bunny)
Article: "The largest fine was levied against the marketer of Xenadrine EFX, made by New Jersey based Nutraquest, Inc., formerly known as Cytodyne Technolgies. The marketers will pay at least $8 million and as much as $12 million. The marketer was identified as RTC Research and Developers LLC., based in Manasquan, NJ. Majores said Xenadrine had a study showing that people who took a placebo lost more weight than those taking the pill. The FTC's investigation also found that consumer endorsers...people who appear in the before and after pictures in many ads...lost weight by engaging in regorous diet and exercise programs." A $12 million fine was assessed against Window Rock Health Labortories, based in Brea, Clif., the marketers of CortiSlim, Majoris said. CortiSlim falsely promised that all users would see permanent and fast weight loss, and that it's TV informercials were 'deceptively formatted' to appear as talk shows rather than ads."
My Two Cents: Why don't they show a before and after picture of the pocketbooks of the people who buy this snake-oil? That ought to make for some interesting viewing, don't you think?
Article: "The Bayker Corp., will pay a $3.2 million civil penalty to settle the claims, the FTC said. The FTC said Bayer marketed One-A-Day WeightSmart with unsubstantiated claims including that it increases metabolism. The marketers of TrimSpa, Goen Gechonolgies, will pay a $1.5 million."
My Two Cents: I saw a television network version of this story, and the reporter said that the diet weight-loss industry is a $1.3 billion a year business, and the fines levied against these companies amounted to nothing more than peanuts.
Question: Who's watching the FTC?