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Reuters | Verisign already under FTC watch

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Reuters | Verisign already under FTC watch
Topic: Technology 10:56 pm EDT, Sep 15, 2003

] U.S. regulators will make sure Internet domain-name
] seller VeriSign Inc provides refunds or free
] service to consumers it signed up in a controversial
] marketing campaign last year, according to court
] documents filed late last week.

How ironic. This went over Reuters today.

For those who don't remember.. VeriSign had a scam going on awhile back where they were sending fake "renewal" notices to people who's domain's they didn't host. It was an effort to con people in to switching their domain's from other registrars.

] VeriSign agreed to provide refunds or a year of free
] service to thousands of customers under a class-action
] settlement reached earlier this year in a California court.
] Friday's FTC settlement, in which the company did not
] admit or deny guilt, means that it could face steep fines
] if it resorts to such marketing tactics again.

] VeriSign must also allow the FTC to monitor its marketing
] efforts for the next five years.

Good. I hope they are paying attention to today's events.

Reuters | Verisign already under FTC watch



 
 
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