The settlement does not require the payment of any funds, but contains provisions that would permit the FTC to reopen the case should the defendants be found to have misrepresented their financial status. The settlement also contains various recordkeeping and reporting requirements designed to assist the FTC in monitoring the defendants' compliance. The Commission vote to approve the settlement was 5-0. The stipulated judgment and order was filed and approved by the U.S. District Court, District of Arizona, in Phoenix, Arizona, on August 28, 2000. These stipulated judgments and orders are for settlement purposes only and do not constitute an admission by the defendants of a law violation.
Consent judgments have the force of law when signed by the judge.
FTC Matter No. Civil Action No. FTC Matter No.