XCast Labs: The penalty will be due immediately if XCast "misrepresented its financial condition," and XCast must cut ties with firms that do not follow telemarketing rules, it added.
The Federal Trade Commission (FTC) reached a settlement with Voice over Internet Protocol (VoIP) provider XCast Labs over allegations the company illegally facilitated hundreds of millions of illegal robocalls, the regulator announced Tuesday. As part of the settlement, XCast Labs agreed not to violate the Telemarking Sales Rule in the future, to implement a…