Here is another example of why Inventors are papraniod of Invention Submission companies. I am glad to see this one get what they deserve. I just wish it was before all those Inventors got conned.
Here is the link to the story below.
For Release: March 19, 2007
FTC Charges Invention Promotion Swindlers with Contempt
Scam Operation Took More Than $60 Million from 17,000 Consumers
The Federal Trade Commission has filed a civil contempt action against four individuals and eight business entities for allegedly operating a fraudulent invention promotion business in violation of a court order.
The individuals were employed by International Product Design Inc., which the FTC charged with fraudulent business practices in 1997. A court order issued in 1998 prohibited Julian Gumpel, Darrell Mormando, and Greg Wilson from deceptively marketing invention promotion services, but Gumpel later revived the same scam under the name, â€œPatent and Trademark Institute of Americaâ€