'Bogus' Diet Pill Co. Pays $43M To Settle FTC False Ad Claims

By Sindhu Sundar (February 3, 2016, 2:04 PM EST) -- A company accused by the Federal Trade Commission of fraudulently selling "bogus" weight loss pills has agreed to pay more than $43 million to settle the agency's claims that it exaggerated the pills' effectiveness and marketed them by spamming consumers and using fake celebrity endorsements. 

In a filing in California federal court Tuesday, Sale Slash LLC agreed to pay the amount as part of a stipulation for a permanent injunction and monetary penalties against it. The settlement follows the FTC's restraining order against it last May, after the agency accused it of spending $17 million over the course of two years...

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