FTC Stops Web Broker Business Scheme
Roy Mark writes on internetnews.com:
Two Internet-based companies offering Web brokerage services are the latest to be nabbed in a federal crackdown on illegal business opportunities and work-at-home schemes.
The Federal Trade Commission (FTC) on Wednesday said Wealth Systems, Inc., Ecommerce Network.com, LLC, and their principals, Martin Wilson and Shane Roach, will pay approximately $80,000 in consumer redress.
A judgment of almost $15 million, representing the amount of consumer injury, will be suspended due to the defendants' inability to pay. The judgment will be imposed if they are found to have misrepresented their financial condition.
posted by Fergie @ 11/30/2005 10:56:00 AM
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