Who knew that the FTC could sentence corporations to death?
Who knew that the FTC could sentence corporations to die? But according to court documents filed on behalf the MLM corporation Seasilver, if the corporation had to pay the full $3 million to the FTC that they agreed to it would be a death sentence for the company.
The FTC announced what may turn out to be a death sentence, several days ago. Seasilver failed to pay $3 million dollars to the FTC by September 2004 and now the entire $120 million is owed.
Perhaps the entire corporation should ingest massive quantities of Seasilver's new products, to stave off death? Previously, Seasilver had made miraculous medical claims for its products, which may have included preventing death. Unfortunately all these claims were debunked by Quackwatch. The death sentence can be read here. It has the virtue of being short and quick, as opposed to the stipulated final judgment entered into in 2004.
What is the best part of this story, for the consumer? That another health fake mlm was shut down? That consumers will be refunded some $120 million?
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Well, no. The Seasilver folk did pay some $700,000.00 to the FTC which no consumer is ever going to see - too many consumers to make redress practical, so that the FTC will just say thank-you very much. I am from the government and I here to help you. Too good to be true? You bet.
Technorati Tags: seasilver, ftc, quackwatch, death sentence, unfortunately, final judgment, mlm, massive quantities, medical claims, court documents, stave, stipulated, miraculous, virtue, corporations
