toptradelines.com injunction

21 Jun 2019

TopTradelines.com and it’s parent company targeted in FTC investigation

TopTradelines.com is/was a provider of tradelines. Its parent company, Grand Teton Professionals, LLC, which offered a wide range of credit-related services, was enjoyed (i.e., prevented by a federal judge) from operating certain aspects of their business.

The case summary reads:

“At the Federal Trade Commission’s request, a federal court has temporarily halted and frozen the assets of Grand Teton Professionals, an alleged credit repair scheme that charged illegal upfront fees and falsely claimed to repair consumers’ credit. The company and other defendants are charged with violating the FTC Act and several provisions of the Credit Repair Organizations Act, the Telemarketing Sales Rule, the Consumer Review Fairness Act, the Truth in Lending Act, and the Electronic Funds Transfer Act.”

The FTC’s Initial Complaint.

The Federal Trade Commission (FTC), which protects consumers by filing complaints in federal court against those who violate consumer protection laws, first invetigated the web of companies associated with TopTradelines.com and Grand Teton Professionals, LLC. The FTC then filed, in secret, by the way, a complaint for permanent injunction and other equitable relief. In other words, the FTC wants to completely and permanently prevent TopTradelines.com, among others, from operating.

Interestingly, they filed this case “under seal,” which means it was in secret and not public. This has significant implications. You can read the initial complaint below.

TopTradelines.com Complaint for Injuction

Ex Parte Temporary Injunction with an Asset Freeze.

The FTC didn’t stop there. The FTC immediately filed for an ex parte injunction with an asset freeze. Ex parte means they did it without TopTradelines.com there to defend themselves; it was just the FTC and the Judge.

EX PARTE TEMPORARY RESTRAING ORDER WITH ASSET FREEZE

More to follow…

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