Wheat, Hi-Tech Fined $40M For Violating Court Order On FTC Complaint
This article was originally published in The Rose Sheet
Executive Summary
Following his recent arrest in a separate federal enforcement, Hi-Tech Pharmaceuticals CEO Jared Wheat and his firm are fined $40m for violating a 2008 court order on an FTC complaint about fraudulent weight loss claims. The financial sanction is justified by a “pattern of contemptuous conduct,” the judge said.
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