Based on their financial statements, the settlements do not call for redress. They would permit the FTC to reopen the cases should it find that the defen- dants misrepresented their financial condition. The Commission vote to accept the settlements for filing in court was 5-0. They will be filed this morning in U.S. District Court for the District of Nevada, in Las Vegas. The consent judgments are for settlement purposes only and do not constitute admissions by the defendants of law violations.
Consent judgments have the force of law when signed by a judge.
Copies of the consent judgments, as well as other documents associated with this case, are available from the FTC's Public Reference Branch, Room 130, 6th Street and Pennsylvania Avenue, N.W., Washington, D.C. 20580.