Rule #1 - Never Lie to the FTC in Court Docs...

Discussion in 'Credit Talk' started by jam237, Apr 24, 2007.

  1. jam237

    jam237 Well-Known Member

    Ok, this isn't 100% on-topic, but in numerous posts on FTC settlements its argued that since companies typically get off with only a portion of the penalty, it's still in their best interests to violate.

    Ah, but here is an example of a company which tried to hedge their financials submitted to the FTC & the court to get the reduced settlement... Now, they have to pay the full $1.9 MILLION penalty thanks to the "avalanche clause"...

    http://www.ftc.gov/opa/2007/04/sunnyhealth.shtm

    So don't get discouraged when a company skirts paying the price because they claim insolvency. If they didn't dot their i's and cross their t's it could all come back to haunt them.
     

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