happens all the time. ftc gets a TRO issued and has an receiver appointed to take over things
Do they have to go to Federal court to get TRO or do they have regulatory authority to do it on their own volition?
That would make a huge difference in the likelihood of similar cases in the future.
Yep, they have to get a court order.
Anyone could sue a company and take control of it for that matter, provided they have a reasonable cause of action. Anyone remember that web hosting company alphared? Megaupload sued them, the court removed their CEO and brought in an receiver to run the company.
What is the penalty for stuff like this? Isn't it like $15k a day or something? Let's say they even hit them for 60 days or whatever. That is about 900k, sure that is a lot of money but word has it some of these offers are doing $xxx,xxx daily. If I were them I'd be laughing my ass to the bank. It's similar with the banks having to pay the government back a few hundred million when they were given billions. They are probably writing that check while giggling inside, I don't see why it would be different at all with these Acai offers.
Do you think the FTC will shave leads now they're running dem rebillz?