Court Finds Telemarketers in Contempt; Imposes $14.75 Million Judgment

See on Scoop.itNebraska and National Consumer Protection

Jeffrey Lapin‘s insight:

The Federal Trade Commission (FTC) announced that a Florida U.S. District Court issued a contempt order against Byron Wolf and Roy Eliasson for continuing to operate a scheme defrauding consumers, which was in violation of a a 2008 permanent injunction. This contempt order requires the pair to pay $14.75 million, which is the amount they illegally took from consumers.  


After a hearing, the Florida court found that these two individuals had "Sent messages to consumers communicating they had been ‘approved’ for a loan, none of them ever received a loan. Instead, many of their bank accounts were debited $49.95 or more a month after they provided their financial information to the defendants." 


Source: FTC Press Release (January 31, 2014) 


By: Jeffrey Lapin of Lapin Law Offices

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About Jeffrey Lapin
Caring. Passionate. Dedicated. I represent injured, abused and disabled clients in Lincoln and throughout Nebraska.

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