Be Aware of Investment Fraud and Scams Involving Artificial Intelligence (AI) //

The Securities and Exchange Commission (SEC) Office of Investor Education and Advocacy, the North American Securities Administrators Association (NASAA), and the Financial Industry Regulatory Authority (FINRA) previously issued an Investor Alert to make investors aware of the increase of investment frauds involving the purported use of artificial intelligence (AI) and other emerging technologies. Individual investors should know that bad actors are using AI to lure victims into scams.

For detailed information and steps you can take to protect yourself from scams and fraud involving AI, click Artificial Intelligence (AI) and Investment Fraud: Investor Alert

Source: Investor.gov

About Kehoe Law Firm, P.C.

Kehoe Law Firm, P.C. is a nationally recognized, plaintiff-side class action firm dedicated to protecting investors and consumers from fraud and misconduct. Our attorneys have served as Lead or Co-Lead Counsel in major securities cases, recovering over $10 billion for institutional and individual investors.

Our firm litigates securities fraud, fiduciary breaches, unfair mergers and acquisitions, and antitrust violations, while also representing whistleblowers and advocating for victims of data breaches, consumer fraud, vehicle and product defects, employment law violations, retirement plan mismanagement, and other corporate and business misconduct. With a results-driven approach, we pursue justice and substantial recoveries for those we represent.

Kehoe Law Firm’s class action legal services are provided on a contingency-fee basis, meaning clients are not responsible for any fees or litigation expenses.

PHONE

Tel: 215-792-6676

EMAIL

[email protected]

Kehoe Law Firm, P.C. is ensuring consumers are aware that Texas is on the verge of enacting a significant “Right to Repair” law. Texas Legislature HB 2963, which mandates that manufacturers provide spare parts, manuals, and required tools for products sold or used in Texas, has been unanimously approved by both the Texas House (126-0) and Texas Senate (31-0).

If signed into law by Governor Greg Abbott, Texas will become the ninth state to adopt right to repair legislation and, importantly, the seventh state with a right to repair law including consumer electronics. This move aims to reduce electronic waste—estimated at 621,000 tons annually in Texas—and expand repair access for consumers and independent shops.

Sources: TheVerge.com, “Texas Right to Repair bill passes, heads to the governor’s desk”; PIRG.org, “Right to Repair passes overwhelmingly in Texas” (referenced in TheVerge.com article).

About Kehoe Law Firm, P.C.

Kehoe Law Firm, P.C. is a nationally recognized, plaintiff-side class action firm dedicated to protecting investors and consumers from fraud and misconduct. Our attorneys have served as Lead or Co-Lead Counsel in major securities cases, recovering over $10 billion for institutional and individual investors.

Our firm litigates securities fraud, fiduciary breaches, unfair mergers and acquisitions, and antitrust violations, while also representing whistleblowers and advocating for victims of data breaches, consumer fraud, vehicle and product defects, employment law violations, retirement plan mismanagement, and other corporate and business misconduct. With a results-driven approach, we pursue justice and substantial recoveries for those we represent.

Kehoe Law Firm’s class action legal services are provided on a contingency-fee basis, meaning clients are not responsible for any fees or litigation expenses.

PHONE

Tel: 215-792-6676

EMAIL

[email protected]

Can you spot an investment scam if it comes from a supposed friend’s social media page?

The FTC cautions consumers that if someone you supposedly know is suddenly posting bank account screenshots, claiming they can teach you to make money quickly with little to no risk, it’s likely an investment scam. 

For example, an “old friend” announces they have become an online investment guru. Your newsfeed then gets filled with reels about their “foolproof method of earning big money.” You then, perhaps, comment on your “friend’s” post, and they direct message you, explaining the process but with few details.

They might guarantee big returns and say it’s a limited time offer. To get started, they say to just send a few hundred dollars — maybe using cryptocurrency or a payment app like Venmo, Cash App, or PayPal. Then, poof! Your “friend” blocks you and your “investment” is gone. Unfortunately, it was a scammer who took over your friend’s account to get their followers (like you) to “invest” your hard-earned money.

If someone asks you to invest money in a situation like this, it could be a scam.

The FTC recommends the following ways to avoid investment scams before you respond:

• Slow down. Resist the pressure to click links or send money before you think it over. Scammers want you to act now and think later.
• Do some research. Look up the name of the company or program with words like “review,” “scam,” “fraud,” or “complaint.” See what others are saying. Then, go to Investor.gov for legit advice.
• Know the risk. There are no guaranteed returns — and no investments without risks. Scammers want you to think their opportunity is risk-free, but it’s not.
• If you still think it’s a scam, send an email or text to your real friend, in case their account has been hacked.
• If you spot an investment scam on your timeline, report it to the FTC at ReportFraud.ftc.gov and the SEC at sec.gov/tcr.

Source: FTC.gov

About Kehoe Law Firm, P.C.

Kehoe Law Firm, P.C. is a nationally recognized, plaintiff-side class action firm dedicated to protecting investors and consumers from fraud and misconduct. Our attorneys have served as Lead or Co-Lead Counsel in major securities cases, recovering over $10 billion for institutional and individual investors.

Our firm litigates securities fraud, fiduciary breaches, unfair mergers and acquisitions, and antitrust violations, while also representing whistleblowers and advocating for victims of data breaches, consumer fraud, vehicle and product defects, employment law violations, retirement plan mismanagement, and other corporate and business misconduct. With a results-driven approach, we pursue justice and substantial recoveries for those we represent.

Kehoe Law Firm’s class action legal services are provided on a contingency-fee basis, meaning clients are not responsible for any fees or litigation expenses.

PHONE

Tel: 215-792-6676

EMAIL

[email protected]

On May 20, 2025, the SEC announced that New York City-based Unicoin, Inc. (“Unicoin”) and three of its top executives, CEO and Board Chairman Alex Konanykhin; Silvina Moschini, former president, former board chairwoman, and current board member; and former Chief Investment Officer Alex Dominguez, were charged for false and misleading statements in an offering of certificates that purportedly conveyed rights to receive crypto assets called Unicoin tokens and an offering of Unicoin, Inc.’s common stock.

The SEC has alleged that Unicoin widely marketed rights certificates to the public through extensive promotional efforts, including advertisements in major airports, on thousands of New York City taxis, and on television and social media. Among other things, Unicoin and its executives allegedly convinced more than 5,000 investors to purchase rights certificates through false and misleading statements that portrayed them as investments in safe, stable, and profitable “next generation” crypto assets, including claims that:

• Unicoin tokens underlying the rights certificates were “asset-backed” by billions of dollars of real estate and equity interests in pre-IPO companies, when Unicoin’s assets were never worth more than a small fraction of that amount;
• Unicoin sold more than $3 billion in rights certificates, when it raised no more than $110 million; and
• the rights certificates and Unicoin tokens were “SEC-registered” or “U.S. registered” when they were not.

For more information, click Unicoin Securities Offering Fraud Complaint. 

Source: SEC.gov

About Kehoe Law Firm, P.C.

Kehoe Law Firm, P.C. is a nationally recognized, plaintiff-side class action firm dedicated to protecting investors and consumers from fraud and misconduct. Our attorneys have served as Lead or Co-Lead Counsel in major securities cases, recovering over $10 billion for institutional and individual investors.

Our firm litigates securities fraud, fiduciary breaches, unfair mergers and acquisitions, and antitrust violations, while also representing whistleblowers and advocating for victims of data breaches, consumer fraud, vehicle and product defects, employment law violations, retirement plan mismanagement, and other corporate and business misconduct. With a results-driven approach, we pursue justice and substantial recoveries for those we represent.

Kehoe Law Firm’s class action legal services are provided on a contingency-fee basis, meaning clients are not responsible for any fees or litigation expenses.

PHONE

Tel: 215-792-6676

EMAIL

[email protected]

The FTC’s Rule on Unfair or Deceptive Fees (16 CFR Part 464) takes effect on May 12, 2025.

The FTC’s Rule prohibits bait-and-switch pricing and other tactics used to obscure and misrepresent total prices and fees for live-event tickets and short-term lodging.

The Rule requires that businesses that advertise prices tell consumers the whole truth up-front about total prices and fees. The Rule covers any business that offers, displays, or advertises live-event tickets or short-term lodging, including third-party platforms, resellers, and travel agents.

Coverage applies whether such offers, displays, or advertisements appear online, including through a mobile application, in physical locations, or through some other means.

The Rule on Unfair or Deceptive Fees: Frequently Asked Questions (FAQs)

To help businesses and consumers comply with the new Rule, the FTC published a detailed FAQ guide covering topics such as:

• What businesses are covered by the Rule and the Rule’s basic requirements;
• Examples of live-ticketing events and short-term lodging covered by the Rule;
• The mandatory fees or charges that must be included in the total price;
• Which fees or charges can be excluded from the total price;
• A description of optional add-on goods or services and how the Rule applies to these charges;
• How business can disclose pricing information “clearly and conspicuously”; and
• Examples of misrepresentations that may violate the Rule.

To access the FAQs, click FAQs – The Rule on Unfair or Deceptive Fees.

About Kehoe Law Firm, P.C.

Kehoe Law Firm, P.C. is a nationally recognized, plaintiff-side class action firm dedicated to protecting investors and consumers from fraud and misconduct. Our attorneys have served as Lead or Co-Lead Counsel in major securities cases, recovering over $10 billion for institutional and individual investors.

Our firm litigates securities fraud, fiduciary breaches, unfair mergers and acquisitions, and antitrust violations, while also representing whistleblowers and advocating for victims of data breaches, consumer fraud, vehicle and product defects, employment law violations, retirement plan mismanagement, and other corporate and business misconduct. With a results-driven approach, we pursue justice and substantial recoveries for those we represent.

Kehoe Law Firm’s class action legal services are provided on a contingency-fee basis, meaning clients are not responsible for any fees or litigation expenses.

PHONE

Tel: 215-792-6676

EMAIL

[email protected]

Getting an unexpected call from someone demanding money can be frightening — especially when they claim you’ll be arrested if you don’t pay. But before you panic or hand over any money, it’s essential to understand your rights and how to spot a scam.

The Federal Trade Commission (FTC) recently took action against a company called Global Circulation, Inc. (GCI), which also operated under names like Consumer Impact Recovery and Total Mediation Solutions. According to the FTC, GCI tricked thousands of people into paying debts they didn’t owe — using illegal threats and deception to extract over $9.6 million from consumers.

Your Rights When Dealing With Debt Collectors

You Cannot Be Arrested for Owing Money

Despite what some fake debt collectors claim, you cannot be jailed for failing to pay a bill. Legal debt collection — like wage garnishment — requires a legal process. If someone threatens arrest, it’s a major red flag and could indicate a scam.

Always Ask for Validation Information

Before paying anything, you have the right to request validation information, including:

• Name and mailing address of the debt collector
• The name of the creditor
• The amount of money owed, including interest, fees, payments, and credits
• Your debt collection rights

The Fair Debt Collection Practices Act (FDCPA) & Other Helpful FAQs

The FDCPA makes it illegal for debt collectors to use abusive, unfair, or deceptive practices when they collect debts.

Click FTC Debt Collection FAQs for additional, helpful information about your rights.

Concerned About Abusive or Illegal Debt Collection Practices?

Debt can be difficult, but intimidation, deception, and illegal practices are never part of the legal process. By knowing your rights and staying alert, you can avoid falling for these high-pressure scams.

If you believe you’ve experienced unfair, abusive, deceptive, or otherwise illegal debt collection practices, reach out to Kehoe Law Firm, P.C. You can contact an attorney for a free, no-obligation evaluation of your legal options by sending us a message or emailing us at [email protected].

About Kehoe Law Firm, P.C.

Kehoe Law Firm, P.C. is a nationally recognized, plaintiff-side class action firm dedicated to protecting investors and consumers from fraud and misconduct. Our attorneys have served as Lead or Co-Lead Counsel in major securities cases, recovering over $10 billion for institutional and individual investors.

Our firm litigates securities fraud, fiduciary breaches, unfair mergers and acquisitions, and antitrust violations, while also representing whistleblowers and advocating for victims of data breaches, consumer fraud, vehicle and product defects, employment law violations, retirement plan mismanagement, and other corporate and business misconduct. With a results-driven approach, we pursue justice and substantial recoveries for those we represent.

Kehoe Law Firm’s class action legal services are provided on a contingency-fee basis, meaning clients are not responsible for any fees or litigation expenses.

PHONE

Tel: 215-792-6676

EMAIL

[email protected]