Replies to post #18249 on Redwood Scientific Technologies Inc (RSCI)

[Wisebuys]

The following might shed some light on the issue of collecting money from the Levys.

The court also has ordered the Levys to pay $6,087,036 in consumer redress. The Commission will make its best efforts to collect this money, but there is no guarantee that the Levy defendants will pay the sum they owe. If the Commission determines that redress is impractical, any funds collected will be deposited into the U.S. Treasury as a disgorgement remedy. Finally, the court's order contains various reporting provisions that will assist the FTC in monitoring the defendants' compliance.

The judge granted the FTC's motion for summary judgment (without trial) and entered the order on September 19, 1997. The final judgment and order was filed in the U.S. District Court for the Northern District of Georgia, Atlanta Division.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=70236062