WASHINGTON (Legal Newsline) — The Federal Trade Commission (FTC) announced Aug. 29 that a federal court determined Terrason Spinks and his company, Jet Processing Inc., are liable for the consumer harm caused by a scheme called IWorks at an amount of roughly $280 million.

According to the FTC, IWorks used an online marketing campaign to dupe consumers into believing the scheme could provide federal grants for personal needs. Spinks purportedly helped create the scheme, and helped create merchant accounts used by IWorks to bilk consumers. The FTC first took action against the scheme in December 2010.

Under the final order announced by the federal court, Spinks and Jet Processing are banned from selling grant and moneymaking products. The defendants must also pay a $280,911,870 judgment.

All other defendants in the case – including nine individuals and dozens of corporations – settled with the FTC at a previous date. Scott Leavitt and his company, Employee Plus, and Duane Fielding and his companies, Network Agenda and Anthon Holdings, settled shortly before the trial, while certain individual defendants settled in October 2013, April 2014, February 2016 and August 2016.

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