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Corporate

Oct. 14, 2015

FTC freezes put defendants at disadvantage, attorneys say

Attorneys who have faced off against the FTC on behalf of their clients say that the commission's big hammer - the ex parte, sealed asset freeze - puts defendants at an immediate disadvantage and forces them into a settlement, deserved or not.

By Gautham Thomas

Daily Journal Staff Writer

The way you learn that the Federal Trade Commission has targeted you in an enforcement suit is the total freeze of all your assets, including property, personal and corporate accounts and credit cards. Filed ex parte and under seal, the commission's temporary restraining orders for asset freezes are the opening salvo in civil suits against companies that the commission argues are scammers - bilking ...

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