Earlier this month we reported on the FTC reaching settlements with a number of Digital Earnings Programs defendants.
On Could twenty sixth the FTC filed notices of settlement approval for defendants Jennifer Hedrick (aka Jennifer Maurer), Derek Jones Foley and William Foley, Christopher Brandon Frye and Kaitlyn Scott.
The respective defendants settlements will see financial judgments entered towards the Foleys and Hedrick:
- William and Derek Foley – $2,606,074
- Brendan Frye – $600,000
- Jennifer Hedrick – $217,426
- Kaitlyn Scott – $171,500
The framing of the judgment is $3,595,000 towards the Foleys, with the above quantities joint liabilities with Frye, Hedrick and Scott.
Frye’s and Scott’s judgments have been settled by way of cost of default judgments entered towards them final month.
The Foley’s and Hedrick’s judgement can be happy by
- cleansing out numerous financial institution and cost processor accounts;
- the liquidation of William Foley’s 2016 Lexus IS 250 and 2018 Toyota Highlander;
- cleansing out a Robinhood buying and selling account stability; and
- liquidation of Derek Foley’s 2017 Land Rover SUV.
The FTC has agreed to suspension of the remaining judgment stability.
Because of the settlements, the FTC’s allegations towards the Digital Earnings Programs defendants “can be taken as true”.
Every of the Digital Earnings Programs defendants are banned from advertising enterprise and/or funding alternatives.
They need to additionally retain enterprise information and report back to the FTC for ten to twenty years after the date of their respective settlements.
The final step is the court docket signing off on the settlement agreements, after which the case will come to a detailed.
Replace twelfth July 2021 – Closing judgments and injunctions had been entered into towards Jenifer Hedrick and Derek and William Foley on July 1st.
This brings BehindMLM’s protection of the FTC v. Digital Earnings System et al. to a detailed.