US COVID-19 Fraud: FTC Points To Peptides As Latest Scam, Silver Remedy Firm Shut Down
FTC warns 20 firms selling products or services promising to prevent or treat COVID-19, including three clinics saying peptides help boost the effectiveness of a vaccine. NJ business promoting collodial silver to prevent or treat novel coronavirus infection shut down in a DoJ complaint after failing to comply with regulatory agencies' warning.
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The companies look to have secured a better than expected 90% efficacy level, but will await safety data before filing later this month.
FDA counts 102 warning letters covering more than 1,000 products in its coronavirus fraud oversight while FTC’s total had reached 332. Latest criminal charges are against operator of a Georgia business following FDA investigation of OTC sales of a misbranded drug called “Immune Shot” falsely advertised to lower consumer’s risk of contracting COVID-19 by nearly 50%.
Latest warning letters published by FDA include not only two more about claims for supplements to prevent or treat the disease caused by the novel coronavirus, but also warnings about good manufacturing practices violations and noncompliant claims for CBD-containing products and for a detoxification line.