MIAMI (CBSMiami) — The feds are looking into Amazon’s business practices.READ MORE: Coast Guard Offloads Over 7,500 Pounds Of Cocaine Worth $143.5 Million At Port Everglades
The Federal Trade Commission is looking into allegations Amazon misleads customers about its pricing discounts, according to CBS News.
The commission is investigating a complaint brought by the advocacy group Consumer Watchdog.
The group looked at some 1,000 products on Amazon’s website in June and found that Amazon put reference prices, or list prices, on about 46 percent of them.READ MORE: Grandmother Fatally Shot By Publix Gunman Timothy Wall 'May Have Helped Prevent An Even Worse Tragedy'
Consumer Watchdog argued that the deceptive list prices make Amazon’s prices look like a bargain.
The group also asked the FTC to stop Amazon from buying Whole Foods.
An Amazon spokesperson released a statement in regards to the allegations saying,
“The study issued by Consumer Watchdog is deeply flawed, based on incomplete data and improper assumptions. The conclusions the Consumer Watchdog group reached are flat out wrong. We validate the reference prices provided by manufacturers, vendors and sellers against actual prices recently found across Amazon and other retailers.”MORE NEWS: What Will Post-Pandemic Life Look Like? Futurist Bruce Turkel Has Some Ideas