In addition to the permanent ban, the settlement prohibits Filosi from misrepresenting the risk and profitability of investments in films or other investments or products. The FTC alleged that the defendants misrepresented to consumers, among other things, that they would realize a 500 percent return if they invested in family films being produced by an award-winning producer and director, Lyman Dayton. The FTC's settlement with Mr. Filosi was entered by the United States District Court in Las Vegas and became binding on February 13, 1998. The Commission vote to authorize staff to file the proposed settlement was 4-0, with Commissioner Mary L. Azcuenaga not participating. This stipulated final order is for settlement purposes only and does not constitute an admission by the defendant of a law violation.
Final orders have the force of law when signed by the judge.