A list broker agreed to a court order proposed by the Federal Tra...
A list broker agreed to a court order proposed by the Federal Trade Commission barring him from violating the Telemarketing Sales Rule, the commission said Wednesday. The order settles an FTC complaint alleging that from 2002 to 2007 broker…
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Glenn Patten and his two companies helped telemarketers of fraudulent “advance-fee” credit cards by selling them unencrypted, unauthorized consumer information, including bank and credit-card information. The order bars Patten from collecting, selling, renting or disclosing consumers’ account numbers, with narrow exceptions. Patten must provide the FTC with account-number lists and destroy all other copies. Patten must monitor customers and investigate complaints about them. Patten must report to the FTC any customer he finds violating commission rules. The order mandated a $120,000 fine against Patten but suspended it because he can’t pay. Still, the FTC said it can collect the fine if it learns that Patten has misrepresented his finances. The proposed order was filed in U.S. District Court in Chicago.