Listen "The Harsh Truth About Life After FTC Settlement - Scrutiny, Enforcement & PTSD…"
Episode Synopsis
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Welcome back to “Don't Say That!” In today's episode, Greg and I are diving into a topic that's extremely relevant even if you've NEVER been sued by the FTC or a state AG - life after settling.
As someone who's still early in my "parole" after my own FTC settlement, I had a lot of questions for Greg about what to expect in the coming years.
My goal here is SIMPLE.
I want everyone to understand just how much it SUCKS to get sued by a regulator. Because let me tell you, it doesn't just end when you sign that settlement. So many people have told me, "Well it was a rough year or two, but you're back now, right? It's in the past!" Nope. It’s NEVER in the past. And I'm learning that the hard way.
In this episode, Greg breaks down exactly what's required in the years after settling, like…
Having to file annual compliance reports detailing your business activities for the next 10 YEARS…
Potential further scrutiny and information demands if the FTC thinks you're hiding something…
The ripple effects an FTC action can have on things like payment processing, banking, and licensing…
How an entire "enforcement division" will be watching you like a hawk…
And why it feels like you've got a scarlet letter following you around…
Look, I'm telling you, whatever money you're making right now - I know you're living the high life and loving it. But it is NOT worth it. I was making millions a year and I'm telling you, it ain't worth it.
So please, learn from my mistakes. Get compliant NOW, before it's too late.
Welcome back to “Don't Say That!” In today's episode, Greg and I are diving into a topic that's extremely relevant even if you've NEVER been sued by the FTC or a state AG - life after settling.
As someone who's still early in my "parole" after my own FTC settlement, I had a lot of questions for Greg about what to expect in the coming years.
My goal here is SIMPLE.
I want everyone to understand just how much it SUCKS to get sued by a regulator. Because let me tell you, it doesn't just end when you sign that settlement. So many people have told me, "Well it was a rough year or two, but you're back now, right? It's in the past!" Nope. It’s NEVER in the past. And I'm learning that the hard way.
In this episode, Greg breaks down exactly what's required in the years after settling, like…
Having to file annual compliance reports detailing your business activities for the next 10 YEARS…
Potential further scrutiny and information demands if the FTC thinks you're hiding something…
The ripple effects an FTC action can have on things like payment processing, banking, and licensing…
How an entire "enforcement division" will be watching you like a hawk…
And why it feels like you've got a scarlet letter following you around…
Look, I'm telling you, whatever money you're making right now - I know you're living the high life and loving it. But it is NOT worth it. I was making millions a year and I'm telling you, it ain't worth it.
So please, learn from my mistakes. Get compliant NOW, before it's too late.
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