The settlements prohibit all of the defendants from disseminating their customer lists. The settlement with defendant Joshua Hyman does not require him to pay consumer redress but contains a right to reopen provision should the FTC find that he made material omissions in his financial statement. Finally, both settlements contain various reporting requirements to assist the FTC in monitoring the defendants' compliance. The Commission vote authorizing staff to file the proposed settlements was 5-0. These stipulated orders are for settlement purposes only and do not constitute an admission by the defendants of a law violation.
Stipulated order have the force of law when signed by the judge.
The FTC works for the consumer to prevent fraudulent, deceptive and unfair business practices in the marketplace and to provide information to help consumers spot, stop and avoid them. The FTC enters Internet, telemarketing and other fraud-related complaints into Consumer Sentinel, a secure, online database available to hundreds of civil and criminal law enforcement agencies worldwide.