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FTC and Florida halt "trucking automation" company RivX over alleged $75,000+ investment scam. Court orders operations ceased, assets frozen.
The FTC and Florida have taken action to stop RivX, a so-called "trucking automation" company, from scamming consumers out of millions with false promises of passive income. The company, led by Antonio Rivodo and Noah Wooten, claimed they could help people invest in trucks and make thousands in "passive income" each month. But consumers were left empty-handed, with few trucks delivered and no returns on their $75,000+ investments.
RivX promised trucking riches but delivered heartache. The FTC alleges the company:
Zero consumers recouped investments or made profits
In several online videos referenced in the complaint, Rivodo made unfounded claims regarding the ease with which consumers can achieve significant profits, such as:
All in all, Antonio Rivodo plastered social media with super flashy claims. Consumers got hooked, then burned.
RivX profited while leaving consumers without high and dry. To make matters worse, RivX included unlawful contract provisions that held consumers liable for up to $100,000 for publicly voicing complaints or posting negative online reviews about the company.
FTC Director Samuel Levine: "Many consumers lost their life's savings."
The FTC and the state of Florida are taking serious action against RivX. A federal court has ordered the halt of RivX operations and frozen the assets of RivX, Rivodo, and their associates. The charges brought against them include violations of the FTC Act. Court will decide RivX's fate. For now, the trucking dream scam is parked.
Stay tuned as this case unfolds. And remember, if it's too good to true, that's because it is.
Source: FTC
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