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Red Ventures (MYMOVE) ordered to pay huge fines for lying about revenue to USPS

May 31, 2023
2023 05 31 at 4.19 PM

READ FULL ARTICLE AT » wcnc.com

Red Ventures will pay $2.75 million in fines to the U.S. Postal Service over allegations that one of its brands lied about revenue with USPS.

CHARLOTTE, N.C. — Indian Land-based Red Ventures will have to pay $2.75 million in fines to the U.S. Postal Service for allegations that one of its brands lied about its revenue.

According to the Department of Justice, MYMOVE, which falls under the Red Ventures umbrella, had a contractual agreement with the Postal Service to share monthly gross revenue related to certain programs. Instead, the lawsuit alleges Red Ventures and the company MYMOVE improperly and secretly deducted some of its own costs before sharing revenue with USPS, a change that was favorable to MYMOVE’s profits at the expense of money owed to the Postal Service.

MYMOVE helps people forward their mail to their new address and connects them to deals from top brands in their area.

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