3 ms·
Where does that money go? I really hope the FTC doesn't get it. It's a conflict of interest that permeates local law enforcement all across America.
by nostromo 11y ago
Where does that money go?
I really hope the FTC doesn't get it. It's a conflict of interest that permeates local law enforcement all across America.
- iamchmod 11y agoFTC puts proceeds of settlement into a "consumer restitution" or "consumer redress" fund. Consumers who were affected by the bad actors, can claim their money back via a separate company which administers that fund. After a period of time, once all affected customers have had time to claim their restitution (usually 12-24 months), then any remaining money left in the "redress" or "restitution" fund goes into the FTCs coffers. I can't quickly find stats on what percentage is usually claimed by consumers. But last time I researched this, it was pretty low with something like <10% of affected consumers actually claiming their restitution and 90% going back into FTC budget.