SlimAmerica permanent injunction
This article was originally published in The Tan Sheet
Executive Summary
Firm ordered to pay Federal Trade Commission $8.4 mil. under permanent injunction issued by a Miami federal court judge in a false advertising case, FTC announces July 19. The agency filed suit in January 1997 (1"The Tan Sheet" Feb. 10, 1997, p. 24). Claims made for the company's three-product Super Formula line include "blast up to 49 pounds off you in only 29 days!" Co-defendant Frank Sarcone is ordered to post a $5 mil. "performance bond" before conducting "business related to weight-loss products or services specifically, or...marketing of any product or services generally, anywhere in the United States"; co-defendant Robert Wyman must post a bond of $1 mil. The court declares Sarcone's transfer of funds to a Bahamian bank "null and void" and the receiver for the case is ordered to "effectuate a repatriation of these assets." The order was issued June 30