LAWSUITS NEWS & LEGAL INFORMATION
Results Group
This is a settlement for the Commercial lawsuit.
Phoenix, AZ: (Aug-21-07) The Federal Trade Commission brought charges against the Results Group, an Arizona firm that fraudulently marketed home-based Internet businesses across the country and defrauded customers of almost $19.5 million. In a settlement reached with the firm's owners, Edward Longoria and Amber Halvorson, the Federal Trade Commission forever barred them from any form of telemarketing. The deal with the two also severely restricts how they can conduct other types of businesses.
The commission reached a separate agreement with the pair in which they had to pay a $19.5 million penalty. But that fine would not be collected if they turn over all the assets of the company, a figure believed to be $435,000. Sources claim that the $435,000 figure essentially drains the assets of the company and the pair, not only in cash but in other assets ranging from insurance policies to luxury sports cars. Separately, the pair will pay the state $40,000. Attorney General Terry Goddard said $25,000 of that proceeds will be used to fund consumer financial education efforts; the balance pays the state's legal fees. [ARIZONA DAILY STAR: INTERNET FRAUD]
Published on Aug-22-07
The commission reached a separate agreement with the pair in which they had to pay a $19.5 million penalty. But that fine would not be collected if they turn over all the assets of the company, a figure believed to be $435,000. Sources claim that the $435,000 figure essentially drains the assets of the company and the pair, not only in cash but in other assets ranging from insurance policies to luxury sports cars. Separately, the pair will pay the state $40,000. Attorney General Terry Goddard said $25,000 of that proceeds will be used to fund consumer financial education efforts; the balance pays the state's legal fees. [ARIZONA DAILY STAR: INTERNET FRAUD]
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