In addition, the defendants failed to give investors required substantiation for the earnings claims they made. The consent order also contains various reporting provisions designed to assist the FTC in monitoring compliance. The FTC vote to authorize filing of the consent order was 5-0. It was filed at the FTC's request by the Department of Justice in the U.S. District Court for the District of Minnesota, in Minneapolis, on September 30, 1996. This consent order is for settlement purposes only and does not constitute an admission by the defendants of a law violation.
Consent orders have the force of law when signed by the judge.
FTC File No.