WASHINGTON (Legal Newsline) — The Federal Trade Commission (FTC) announced Sept. 1 that G2 Consulting LLC and owner, Chad Gettel, will be banned from the payment processing business after settling allegations of deceptively telemarketing and taking millions of dollars from consumer credit card accounts.
The FTC charged the defendants with violating the FTC Act and the FTC’s Telemarketing Sales Rule. According to allegations, Gettel and his company provided telemarketing schemes in and around Phoenix. They purportedly marketed sham moneymaking opportunities involving grants and websites linked to Amazon.com.
In addition to a ban from the industry, the defendants were ordered to pay more than $3 million in penalties. This amount will be suspended due to the defendants’ inability to pay. The full judgment, however, will become due immediately if the FTC finds the defendants misrepresented their financial condition.
The FTC voted 2-0 to authorize the staff to file the complaint and proposed stipulated final order. The order was entered by the district court for the District of Arizona on Aug. 31.
The U.S. Attorney’s Office for the District of Utah assisted in the case.