FTC charged the defendants with failing to comply with the provisions of the Franchise Rule designed to help potential purchasers protect themselves from false profitability claims. Douglas C. McGlothin and Anthony Simeonov are barred by the court judgment from violating the Franchise Rule and from misrepresenting any fact material to a consumer's decision in connection with the sale of business opportunity ventures. The settlement also prohibits the defendants from selling their customer lists. 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.
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