WASHINGTON (Legal Newsline) —
The Federal Trade Commission (FTC) announced this week that a federal court
judge has approved the lifting of the partial suspension of a $200,000 judgment
imposed against Vito Glazers, a defendant in a 2014 text spam case.
Under the judge’s new order,
Glazers must pay $180,000. This comes after the FTC presented evidence Glazers lied about his financial situation by hiding $450,000 in assets.
“The moral of this story is
plain and simple -- don’t mislead the commission about your financial condition
or attempt to hide assets,” said Jessica Rich, director of the FTC’s Bureau of
Consumer Protection. “If you do we will find out and we will not hesitate to
collect every penny you owe under the law.”
Glazers settled FTC charges
related to an alleged spam text message scheme with a $200,000 judgment. This
judgment was suspended due to Glazers’ supposed inability to pay. He instead
paid $20,000 and suspended certain assets.
The FTC filed the stipulated
order Oct. 31 in U.S. District Court for the Northern District of
Illinois. The order was signed by the judge.