Showing posts with the label FTC | Enforcement Action.

FTC | Enforcement Action |Time’s Up for Florida Operation That Pitched Worthless Timeshare Resale Scheme - May 4, 2018.

Time’s Up for Florida Operation That Pitched Worthless Timeshare Resale Scheme Defendants permanently banned from selling timeshare resale or rental services, telmarketing  Along with being permanently banned from timeshare resale services and telemarketing, the Florida-based operators behind a deceptive timeshare resale scheme have agreed to surrender approximately $3.4 million worth of assets including homes, vehicles, a Rolex watch, silver coins, and a diamond ring to settle the Federal Trade Commission’s charges against them. The principals behind the operation and their company, Pro Timeshare Resales, LLC, also are prohibited from making a range of misrepresentations during the sale of any other goods or services, are barred from collecting on outstanding customer accounts, and are prohibited from misusing the consumer information they’v

Leucadia National Corporation to Pay $240,000 to Settle FTC Charges It Violated U.S. Premerger Notification Requirements: FTC | Enforcement Action on September 22, 2015.

Holding company Leucadia National Corporation has agreed to pay $240,000 in civil penalties to resolve  Federal Trade Commission allegations that it violated federal premerger reporting laws by failing to report a conversion of its ownership interest in the financial services company Knight Capital Group, Inc.. In July 2013, Knight Capital consolidated with another financial services company, GETCO Holding Company, LLC to become KCG Holdings, Inc. That transaction converted Leucadia’s ownership interest in Knight Capital into nearly 16.5 million voting shares of the new entity, KCG Holdings, worth approximately $173 million.