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A consulting firm and its owner have agreed to pay $6.5 million to the Federal Trade Commission (FTC) after it was accused of operating a telemarketing scam hawking overpriced auto warranties.
On June 23, the FTC, Daniel Kole and his company Kole Consulting asked a Florida federal court to sign off on a settlement deal, a day after they informed the U.S. District Judge Rodolfo A. Ruiz II that they had reached the agreement.
The FTC alleged Kole Consulting was one of the operators of a telemarketing scam that called hundreds of thousands of consumers nationwide to pitch them expensive “extended automobile warranties.”
According to the deal, Kole and his company will face a lifetime ban from the extended automobile warranty industry and from all outbound telemarketing.
The FTC first charged the owners...
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