Under the proposed settlement order, the defendants receive a lifetime ban from invention promotion activities. The ban includes misrepresenting any good or service, along with suppressing the availability of truthful negative comments or reviews by consumers. Further, they may not profit from consumers’ personal information as part of the questionable practices, along with failing to dispose of the information properly.
Full and Final Judgement
Finally, the Federal Trade Commission Order imposes a $25,987,192 judgment that shall be partially suspended when $78,670 in frozen funds are transferred to the Commission and Cooper has paid $976,330. In like manner, the full judgment becomes due immediately if the defendants misrepresent their financial state of affairs. The FTC says its receiver has located only $2 million of the $26 million allegedly bilked from would-be inventors.
