Mobile cramming operator settles with FTC: Surrenders $1.2 million in assets over inability to pay $97 million

The Federal Trade Commission (FTC) today announced mobile cramming operator Andrew Bachman has agreed to settle charges by surrendering more than $1.2 million in assets. While the settlement includes a monetary judgment of more than $97 million, it is partially suspended based on Bachman’s inability to pay the full amount, after he turns over nearly all of his assets. Among them are the following items: The contents of four bank accounts, less $4,500. Two vehicles: a 2012 Ferrari 458 Italia and a 2012 Mercedes G550 SUV. Shares in a number of startup companies. Jewelry items, including three Audemars watches, one...

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