Disasters Bring Out The Fraudsters

Every crisis brings the fraudsters.

The U.S. Department of Justice filed criminal charges against a bit-part actor in Los Angeles last week for touting a “cure” for the corona virus.

His Instagram posts claimed that he had a patent pending therapy as well as a vaccine syrup that promised immunity from the disease. The DoJ charged him with wire fraud.

Earlier in March it sought to restrain someone for touting “non-existent World Health Organization vaccine kits.”

And the Reverend Jim Bakker, who has already spent time in Club Fed, has been promoting Silver Solution that he claims will cure the disease. Bakker is under several cease and desist orders from various states.

Screen Shot 2020-03-30 at 9.00.47 AM

Even right wing conspiracy spieler Alex Jones has been selling a toothpaste that cures it – also the subject to a New York cease and desist.

The moral of the story is to be vigilant and take your information from trusted scientific sources like the Centers for Disease Control and the World Health Organization.

Be safe out there.


About JeffKoeppel

I am a corporate/securities attorney in the Washington, DC area. Prior to joining the firm, I was a Senior Attorney Advisor in the Division of Corporation Finance at the U.S. Securities and Exchange Commission. I am a member of the Bars of the States of Maryland, New York and the District of Columbia. You can also follow this blog on LinkedIn at: http://www.linkedin.com/pub/jeffrey-a-koeppel/0/63/5a9
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