Andrew Bachman will surrender more than $1.2 million...
Andrew Bachman will surrender more than $1.2 million in assets to settle an FTC complaint alleging he was operating a “massive mobile cramming scheme,” said a Tuesday FTC news release (http://1.usa.gov/1tSudS2). The total monetary judgment in the ruling (http://1.usa.gov/1s8q8bK) is…
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upward of $97 million, but was partially suspended due to inability to pay after Bachman forfeits a number of items: a Ferrari and a Mercedes; eight watches, including four Rolexes and three Audemars; and the contents of four bank accounts and shares in several startup companies, said the FTC, which has been ramping up its mobile cramming actions in recent months. It filed a complaint against Bachman in December (CD Dec 17 p12) and more recently sued T-Mobile for potentially hundreds of millions of dollars, alleging the carrier has profited for years off of mobile cramming schemes (CD July 2 p5).