Copeac FTC Settlement
- Thread starter nickycakes
- Start date
Was just going to post this here... wonder what their total revenue equaled during this time period? I realize it states that $1.3m is supposed to represent the total revenues they received from the fake news sites but I would have to think it was a lot more than that?
TIMOTHY MCCALLAN, individually, and as )
an officer and owner of IMM Interactive, Inc., )
MICHAEL KRONGEL, individually, and as )
an officer of IMM Interactive, Inc., and ))
DANIELLE KRONGEL, individually, and as )
an officer of IMM Interactive, Inc.
Judgment is hereby entered in favor of the Commission and against Defendants, jointly and severally, for equitable monetary relief, in the amount of One Million Three Hundred Fifty Four Thousand Dollars ($1,354,000.00) to remedy the violations of law alleged by the FTC. Within twenty-one (21) days of their execution of this Order, Defendants shall turn over the full amount of the monetary judgment to the Law Offices of Mark L. Rosenberg, attorney for Defendant IMM Marketing, who shall hold the entire sum in a client’s trust account.
TIMOTHY MCCALLAN, individually, and as )
an officer and owner of IMM Interactive, Inc., )
MICHAEL KRONGEL, individually, and as )
an officer of IMM Interactive, Inc., and ))
DANIELLE KRONGEL, individually, and as )
an officer of IMM Interactive, Inc.
Judgment is hereby entered in favor of the Commission and against Defendants, jointly and severally, for equitable monetary relief, in the amount of One Million Three Hundred Fifty Four Thousand Dollars ($1,354,000.00) to remedy the violations of law alleged by the FTC. Within twenty-one (21) days of their execution of this Order, Defendants shall turn over the full amount of the monetary judgment to the Law Offices of Mark L. Rosenberg, attorney for Defendant IMM Marketing, who shall hold the entire sum in a client’s trust account.
(O_o)
H̨̼̩͐̑͆̀̚&
Hello friends,
It look like pretty good deal for Copeac. Make hundreds of millions profit from fake news page of landing and only have pay 1 million fine.
Good luck bros
It look like pretty good deal for Copeac. Make hundreds of millions profit from fake news page of landing and only have pay 1 million fine.
Good luck bros
hundreds of millions in rupees PROFIT possibly?
100M rupees = $1.97M
Not an accident?
read the article but it doesnt say where the money goes to that they have to pay, can anyone enlighten me?
Per the 26 pg final doc PDF:
C. All funds paid pursuant to this Order shall be deposited into a fund administered by the Commission or its agent to be used for equitable relief, including, but not limited to, consumer redress, and any attendant expenses for the administration of such equitable relief.
Defendants shall cooperate fully to assist the Commission in identifying consumers who may be entitled to redress pursuant to this Order. If the Commission determines, in its sole discretion, that direct redress to consumers is wholly or partially impracticable or funds remain after redress is completed, the Commission may apply any remaining funds for such other equitable relief (including consumer information remedies) as it determines to be reasonably related to Defendants’ practices alleged in the Complaint.
Any funds not used for such equitable relief shall be deposited to the United States Treasury as disgorgement. Defendants shall have no right
to challenge the Commission’s choice of remedies under this Section.
Defendants shall have no right to contest the manner of distribution chosen by the Commission. This judgment for equitable monetary relief is solely remedial in nature and is not a fine, penalty, punitive assessment, or forfeiture.
