Court Enters $20.3 Million Judgment in FTC Case Against Merchant Cash Advance Operator Jonathan Braun for Deceiving Small Businesses and Unlawfully Seizing Assets

As a result of a Federal Trade Commission lawsuit, a federal court has entered a judgment requiring merchant cash advance operator Jonathan Braun to pay $20.3 million in monetary relief and civil penalties.

Metadata

Provider:

FTC

URL:

https://www.ftc.gov/news-events/news/press-releases/2024/02/court-enters-203-million-judgment-ftc-case-against-merchant-cash-advance-operator-jonathan-braun

Retrieved on:

Wednesday, February 14, 2024

Information

Tags:

Social media, FTC, News, Consumer protection, Small business, Deception, Contempt, Blog, Judgement, Organization, Federal Trade Commission, Gramm–Leach–Bliley Act

Geotags:

BRAUN

Summary

Key Points:

As a result of a Federal Trade Commission lawsuit, a federal court has entered a judgment requiring merchant cash advance operator Jonathan Braun to pay $20.3 million in monetary relief and civil penalties.
The court entered a judgment of $3,421,067 to redress the harm that Braun’s misconduct caused to small businesses.
The injunction included a permanent ban from the merchant cash advance and debt collection industries.
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