Busted! The FTC Cracks Down on Diet Scams

Want thinner thighs by applying an almond-scented cream? How about eating all the food you want and losing weight by sprinkling a powder on all your food? Or, a simple pill?

Sounds good to me, too! Unfortunately, these are all scams designed to take advantage of America's obesity epidemic and people desperate to lose weight. The Federal Trade Commission is finally taking action and forcing these companies to refund customers who bought these products and is asking consumers to report any claims they may feel are suspicious.

The weight loss industry is exploding with consumers spending $66 billion on weight loss products per year.

For the whole story, watch my interview on CNN's Situation Room with Wolf Blitzer.