Defendants in FTC Credit Repair Scheme Case Agree to Settle Charges

The settlement [3]with defendant Atomium Corps Inc. (a Colorado company) includes a monetary judgment of $3,256,850, which is partially suspended due to an inability to pay. The defendant will be required to give the FTC the contents of several bank and merchant accounts.

The settlement[4] with defendant Startup Masters NJ Inc. (a New Jersey company) includes a monetary judgment of $929,054, which is suspended due to an inability to pay.

If it is determined that any of the defendants in the settlements misled the FTC about their financial condition, they will be required to pay the full amount of the judgments.

The Commission votes approving the stipulated final orders were 5-0. The FTC filed the proposed orders in the U.S. District Court for the District of Connecticut.

NOTE: Stipulated final orders have the force of law when approved and signed by the District Court judge.

The Federal Trade Commission works to promote competition, and protect and educate consumers[5]. You can learn more about consumer topics[6] and file a consumer complaint online[7] or by calling 1-877-FTC-HELP (382-4357). Like the FTC on Facebook[8], follow us on Twitter[9], read our blogs[10], and subscribe to press releases[11] for the latest FTC news and resources.

References

  1. ^ an FTC complaint filed in June 2019 (www.ftc.gov)
  2. ^ settlement (www.ftc.gov)
  3. ^ settlement (www.ftc.gov)
  4. ^ settlement (www.ftc.gov)
  5. ^ protect and educate consumers (www.ftc.gov)
  6. ^ learn more about consumer topics (www.consumer.ftc.gov)
  7. ^ consumer complaint online (www.ftc.gov)
  8. ^ Facebook (www.facebook.com)
  9. ^ Twitter (twitter.com)
  10. ^ blogs (www.ftc.gov)
  11. ^ subscribe to press releases (www.ftc.gov)

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