FTC Strikes $359M Deal With Accused Online Scammer

Law360, New York (February 24, 2012, 9:01 PM ET) -- The Federal Trade Commission has reached a $359 million settlement with an alleged Internet scam marketer that will bar him and his companies from charging customers for items they did not agree to buy, the agency announced Thursday.

Under the terms of the agreement, the proposed $359 million judgment against Jesse Willms will be suspended once he turns over his assets. Additionally, Willms and his 11 companies will no longer be allowed to automatically deduct payments from consumers’ bank accounts without explicit consent, ending their practice...
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