On May 11, 2020, the Federal Trade Commission (FTC) announced a proposed settlement with the operator of a deceptive crowdfunding scheme—Douglas Monahan, who operated iBackPack of Texas—for raising money to develop a high-tech backpack and other products and then failing to deliver any of the products and instead using the funds for himself.

The advertising campaign claimed that the company was working on a backpack that incorporated various technology components, including batteries for charging laptops and cellphones, cables, and a Bluetooth speaker.

The Federal Trade Commission has had a full mailbox recently. It received a request to investigate caffeine-infused malt beverages and a request for a new privacy law. And the FTC sent a cautionary letter to a magazine addressing privacy issues in a consumer bankruptcy.