The FTC announced that defendants charged with carrying out an 'extended vehicle warranty' telemarketing scam will be hit with lifetime bans in addition to fines.
The FTC announced that some of the defendants behind the"extended vehicle warranty" telemarketing scam will face lifetime bans from the auto warranty and telemarketing industries.
It also imposed a monetary judgment of $6.5 million, which is partially suspended due to the inability of the defendants to pay. Kole will be required to surrender $500,000 under the order, and if the defendants are found to have lied to the FTC about their financial status, the full monetary judgment would be immediately payable.
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