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FTC lawsuit reveals how subscription scam networks evade app store enforcement

CN
CitrixNews Staff
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FTC lawsuit reveals how subscription scam networks evade app store enforcement

A new lawsuit filed by the U.S. Federal Trade Commission (FTC) is a showcase of how hard it’s become to police the app stores for scammy apps. The suit alleges that a company known as Genesis Tech defrauded consumers and routed revenues overseas through the use of shell companies designed to conceal its identity and hide its assets.

Genesis Tech’s network allegedly included a series of subsidiaries incorporated in Cyprus and operating in Ukraine, which marketed its apps to U.S. consumers. Among its brands were fitness and nutrition apps MadMuscles, Harna, and Unimeal by Amoapps Limited; PDF Guru and PDF Master from Gurudocs Limited; fashion app Lumi from Bramol Limited; horoscope app Nebula by Obrio Limited; habit and personal productivity apps under the brand Wisey by Koflimin Limited; and others.

Originally reported by TechCrunch. Read the full story at the original source.