MatrixWatch
March 17th, 2004, 04:53 AM
FTC begins Legal Action against Processors!
FTC's approach to the allegations strengthen claims in the matrix cases
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The FTC recently commenced a legal action against a group of payment processors for "aiding and abetting" a number of different telemarketing sites.
Links:
FTC Sues Electronic Payment Processors for Facilitating Fraudulent Telemarketing Schemes (Article)
Lawsuit: First American Payment Processing, Inc., et al (Stipulated Preliminary Injunction)
Lawsuit: First American Payment Processing, Inc., et al (Complaint for Injunctive and other preliminary relief)
Access the lawsuit links in the Recent Headlines forum, under the thread with the same title as this one
The theory of liability is similar to our theory of liability for Ginix, Paypal, PaySystems, etc. The FTC refers to providing "...substantial assistance to businesses they knew or consciously avoided knowing were engaged in deceptive telemarketing." This is similar to our aiding and abetting theory.
If it is good enough for the FTC, it should be good enough for us.
FTC's approach to the allegations strengthen claims in the matrix cases
**********************************
The FTC recently commenced a legal action against a group of payment processors for "aiding and abetting" a number of different telemarketing sites.
Links:
FTC Sues Electronic Payment Processors for Facilitating Fraudulent Telemarketing Schemes (Article)
Lawsuit: First American Payment Processing, Inc., et al (Stipulated Preliminary Injunction)
Lawsuit: First American Payment Processing, Inc., et al (Complaint for Injunctive and other preliminary relief)
Access the lawsuit links in the Recent Headlines forum, under the thread with the same title as this one
The theory of liability is similar to our theory of liability for Ginix, Paypal, PaySystems, etc. The FTC refers to providing "...substantial assistance to businesses they knew or consciously avoided knowing were engaged in deceptive telemarketing." This is similar to our aiding and abetting theory.
If it is good enough for the FTC, it should be good enough for us.