Con Artist Hands Over Car, Real Estate and Gold to Settle FTC Charges

A fraudster who fleeced desperate consumers with work-at-home offers and other scams has been forced to hand over his luxury car, rental properties and precious metals to settle Federal Trade Commission charges.

Wayne Verderber, II, and his company, Independent Marketing Exchange Inc., were charged by the FTC during a 2010 crackdown against work-related scams called "Operation Bottom Dollar." The operation resulted in lawsuits against several schemes that had taken advantage of job seekers with false promises of jobs in the federal government, as movie extras and as mystery shoppers. Other schemes advertised money-making opportunity for stuffing envelopes and assembling ornaments.