FTC Seasilver settlement
This article was originally published in The Tan Sheet
Executive Summary
Supplement marketers Americaloe and Seasilver will pay $4.5 mil. in consumer redress and will destroy $5.3 mil. worth of misbranded products as part of a settlement for the dietary supplement Seasilver, FTC announces March 17. The Carlsbad, Calif.-based companies are barred from making false or unsubstantiated claims for any supplement, food or drug and will pay only $3 mil. of the $120 mil. judgement owed due to "their demonstrated inability to pay more," FTC says. The complaint filed in June pointed to claims the product cured cancer and caused rapid, permanent weight loss without dieting (1"The Tan Sheet" June 23, 2003, p. 14)...