The settlement would permit the FTC to reopen the case to obtain more redress should the defendants be found to have misrepresented their financial conditions. Finally, the settlement contains various reporting provisions that would assist the FTC in monitoring the defendants' compliance. The Commission vote to file the proposed consent judgment was 5-0. It was filed in U.S. District Court for the Southern District of Florida, Fort Lauderdale Division, on Sept. 14, 1995. This consent judgment is for settlement purposes only and does not constitute an admission by the defendant of a law violation.
Consent judgments have the force of law when signed by the judge.