“The order against Marcus, the scheme’s alleged ringleader, is not suspended and requires him to surrender all of his material assets, including 20 residential properties, a 2015 Range Rover, a 2015 BMW i8, a 5.03 carat diamond ring, Rolex, Audemars Piguet, and Louis Vuitton watches, rare coins, a bottle of 1969 Duncan Taylor single malt scotch whisky, and other personal property and financial interests. These assets are estimated to be worth approximately $34 million.” – Federal Trade Commission
Similarly, the judgment against Smith and Segrea requires the surrender of all of their material assets, including a 2014 Tesla Model S P85, Rolex and Movado watches, and certain bank accounts. Asset value is approximately $1 million.
In addition to the FTC ban, the settlements prohibit the defendants from future misrepresentations. This includes any product, service, plan or program, and false claims.
