Carlsbad-based Seasilver USA shuts down

by louabbott on January 4, 2007

January 4, 2007

Seasilver USA, a Carlsbad maker and promoter of “health” drinks and dietary supplements, closed its doors for good last week because the founder said he was tired of fighting the Federal Trade Commission.

In June, a federal judge upheld an FTC judgment requiring the company to pay a $120 million penalty for failing to provide $3 million to the agency to refund customers who bought the products. The FTC said that the products were sold using false and misleading claims.

The commission even has a phone number – (866) 217-3487 – just for Seasilver customers who qualify for a product refund. Seasilver is appealing the order, according to a company official.

Bela Berkes, company founder, said Tuesday that he shut down Seasilver USA on Friday because FTC actions were causing distributors to stop selling Seasilver.

“The FTC just beat us up so much that we lost a lot of sales and can’t keep the doors open,” he said. “It’s time for us to move on.”

Read the entire article at North County Times

Also, read our company overview:  Seasilver Facts, News and Review

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