Based on the findings of the Federal Trade Commission (FTC), a federal court order was issued on May 2nd (but only made public this week) against Millennium Telecard, Inc. and it's principal owner Fadi Salim. The court order is aimed at getting the company to immediately halt its misleading practice of advertising a certain number of minutes but only delivering a portion of those promised (in some cases they are being accused of delivering less than 50% of the advertised minutes).
The court order will bar Millennium Telecard from engaging in further practices like this and will also freeze their assets while possibilities of reparations are investigated (they want to avoid the possibility of the company of hiding or moving monies). A temporary receiver and manager of funds has been appointed by the courts to handle all financial affairs for the company while the matter is investigated further.
Millennium Telecard is fighting the FTCs finding and is litigating the matter. It is important to note that the court order has been issued based on recommendations of the FTC and not based on the ruling of guilt in any matter.
A copy of the court order can be found on the FTC web site.
No comments:
Post a Comment