FTC Reaches $330M Deal With Broker-Education Telemarketer

Law360, New York (July 18, 2013, 3:03 PM EDT) -- A Colorado couple accused of defrauding thousands of consumers through a supposed method of making money off seller-financed promissory notes agreed on Wednesday to pay the Federal Trade Commission and Colorado $330 million.

The FTC and the state of Colorado in 2011 sued Russell T. Dalbey and Catherine L. Dalbey, along with their companies, Dalbey Education Institute LLC, DEI LLLP and IPME LLLP, for allegedly violating the Telemarketing and Consumer Fraud and Abuse Prevention Act. In its complaint, the FTC said that since at least 1996,...
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Case Information

Case Title

Federal Trade Commission et al v. Dalbey et al


Case Number

1:11-cv-01396

Court

Colorado

Nature of Suit

Other Statutory Actions

Judge

R. Brooke Jackson

Date Filed

May 26, 2011

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