CowboySurfers.com
02-27-2001, 07:07 AM
Saw this elsewhere .. I'm a long time fan/support/affiliate of max cash as well as friends with Bob and RB. Very happy to hear this new for them. Next up, I wanna see CEN scorch AOL.
PRESS RELEASE FROM RJB TELCOM
RJB TELCOM SETTLES LAWSUIT BY FEDERAL TRADE COMMISSION
Today, RJB Telcom, Inc. and its principals, Richard (RB) and Bob Botto entered into an agreement with the Federal Trade Commission staff resolving the
October 2000 lawsuit brought by the FTC. The agreement is subject to formal approval by the Federal Trade Commissioners and such approval is expected.
Under the terms of the settlement, set forth in a Final Injunction, RJB Telcom, Inc. will not pay any fine or restitution, and RJB will continue the fraud
prevention and detection programs that it currently employs.
It is highly unusual in a case of this type for the FTC not to require substantial monetary payments and a performance bond. The FTC?s decision not to seek
these remedies demonstrates the weakness of the FTC?s lawsuit against RJB.
The Bottos and their counsel strongly believe that the FTC brought this lawsuit without any factual and legal basis. The FTC's own complaint and
declarations were riddled with inaccurate and unsubstantiated representations from consumers and the FTC's investigator.
Nevertheless, in October, the FTC was able to obtain an exparte order, without knowledge of the Bottos, seizing their bank accounts, locking them out of
their own business and installing a receiver. The FTC then released a provocative press release labeling RJB as one of the "Top 10 Dot-Cons" in America.
According to Peter Morris, a Los Angeles attorney who represents RJB, ?The FTC staff conducted an exhaustive investigation into the operations of RJB,
searching for evidence to support its complaint. As hard as they looked, they found no evidence that RJB or the Bottos defrauded consumers out of a dime
and the Final Injunction demonstrates this point.?
Richard (RB) Botto stated: "We are thrilled to be completely vindicated of all the accusations presented in the FTC?s complaint. This final agreement is
evidence of our integrity and should prove that all RJB operations have been, and continue to be, honest and above board."
Questions regarding this press release can be addressed to Peter Morris, Esq. at Altman & Morris, 1880 Century Park East, Ste. 613, Los Angeles, CA 90064.
Telephone (310) 277-8481.
PRESS RELEASE FROM RJB TELCOM
RJB TELCOM SETTLES LAWSUIT BY FEDERAL TRADE COMMISSION
Today, RJB Telcom, Inc. and its principals, Richard (RB) and Bob Botto entered into an agreement with the Federal Trade Commission staff resolving the
October 2000 lawsuit brought by the FTC. The agreement is subject to formal approval by the Federal Trade Commissioners and such approval is expected.
Under the terms of the settlement, set forth in a Final Injunction, RJB Telcom, Inc. will not pay any fine or restitution, and RJB will continue the fraud
prevention and detection programs that it currently employs.
It is highly unusual in a case of this type for the FTC not to require substantial monetary payments and a performance bond. The FTC?s decision not to seek
these remedies demonstrates the weakness of the FTC?s lawsuit against RJB.
The Bottos and their counsel strongly believe that the FTC brought this lawsuit without any factual and legal basis. The FTC's own complaint and
declarations were riddled with inaccurate and unsubstantiated representations from consumers and the FTC's investigator.
Nevertheless, in October, the FTC was able to obtain an exparte order, without knowledge of the Bottos, seizing their bank accounts, locking them out of
their own business and installing a receiver. The FTC then released a provocative press release labeling RJB as one of the "Top 10 Dot-Cons" in America.
According to Peter Morris, a Los Angeles attorney who represents RJB, ?The FTC staff conducted an exhaustive investigation into the operations of RJB,
searching for evidence to support its complaint. As hard as they looked, they found no evidence that RJB or the Bottos defrauded consumers out of a dime
and the Final Injunction demonstrates this point.?
Richard (RB) Botto stated: "We are thrilled to be completely vindicated of all the accusations presented in the FTC?s complaint. This final agreement is
evidence of our integrity and should prove that all RJB operations have been, and continue to be, honest and above board."
Questions regarding this press release can be addressed to Peter Morris, Esq. at Altman & Morris, 1880 Century Park East, Ste. 613, Los Angeles, CA 90064.
Telephone (310) 277-8481.