Very interesting reading

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Posted By: Peter_Spaeth

I looked at the FTC website in order to ascertain what presumably are the facts about this matter, and this seemed to be a pertinent excerpt. Link to the entire article below.

The Settlement

The stipulated order for permanent injunction announced today resolves the litigation against Cohen. The order bans him from further fundraising activities, and from engaging in future telemarketing, and it prohibits Cohen from making misrepresentations in connection with the sale of goods or services. Based on financial information submitted to the court in his criminal case, the order does not require Cohen to pay consumer redress. However, the order includes an avalanche clause that imposes a $10 million judgment against Cohen if it is found that he lied on his financial statements. The settlement also contains various recordkeeping requirements to assist the FTC in monitoring Cohen's compliance.

http://www.ftc.gov/opa/2003/05/jpcohen.htm>