U S Supreme Court Limits the FTC s Authority to Seek Monetary Relief in Deceptive Practices Enforcement Cases | Insights gtlaw.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gtlaw.com Daily Mail and Mail on Sunday newspapers.
Oops, watchdog doesn t actually have the power to do so, panel unanimously point out
Katyanna Quach Fri 23 Apr 2021 // 22:52 UTC Share
Copy
The US government s consumer watchdog cannot force scammers to return the money they cheated out of their victims, the Supreme Court declared unanimously this week.
All nine justices on America’s highest court ruled [PDF] against the Federal Trade Commission on Thursday and, instead, sided with payday loan firm AMG Capital Management LLC.
The business s founder Scott Tucker was criminally convicted in 2017 of setting illegal interest rates to extract hundreds of millions of dollars from people.
Specifically, Tucker and his lawyer were convicted of racketeering, wire fraud, and money laundering after setting up chains of payday lending companies charging up to 1,000 per cent interest on loans. Tucker is serving a 16 year, eight month prison sentence, with his lawyer Tim Muir getting eight years. The FTC also went
Supreme Court curbs FTC’s ability to levy fines
In a rare unanimous decision, the court
ruled that FTC cannot attach fines to cases that it brings to court against dietary supplement companies, internet marketers and telemarketing firms and other industry sectors it regulates. If the agency believes a fine is warranted, it must go through an administrative law procedure, which includes a finding of fact and an opportunity for a defendant to respond to the levying of the fine.
Attorney: Ruling not a surprise for those who’ve followed issue closely
“Was this ruling surprising? I didn’t think so,” said attorney Jennifer Adams of the firm Amin Talati Wasserman.
Tech
your username
5 hours ago
On Thursday, in a unanimous decision written by Justice Stephen Breyer, the Supreme Court ruled that the Federal Trade Commission (FTC) does not have the authority to seek equitable monetary relief, reversing a previous Ninth Circuit judgment.
In the lawsuit, the FTC sued AMG Capital Management LLC and others, alleging that the defendants’ payday lending practices were deceptive and violated §5(a) of the Federal Trade Commission Act. The District of Nevada granted the FTC’s request under §13(b) of the act for an injunction to prevent future violations as well as for the defendants to pay $1.27 billion for restitution and disgorgement. The Ninth Circuit rejected defendant AMG Capital Management’s claim that §13(b) does not authorize the award of equitable monetary relief.
https://www.afinalwarning.com/513594.html (Natural News) As the covid-19 scandal continues, authorities are increasingly using censorship and intimidation tactics to control the narrative and shut down the truth. The Federal Trade Commission (FTC) is taking censorship to a whole new level and is targeting anyone who promotes a healthy immune system to combat SARS-CoV-2.
The FTC recently charged a St. Louis man for making fraudulent claims about covid-19. The FTC is charging Eric Nepute and Quickwork LLC in a federal court for the heinous crime of advertising zinc and vitamin D to combat covid-19. Nepute is charged with ten counts of violating the Covid-19 Consumer Protection Act and the Federal Trade Commission Act. The FTC alleges that Nepute falsely advertised his products, which contain vitamin D and zinc – two important supplements that are scientifically proven to block viral replication and prevent hospitalization.