Invention Promotion Company settles with FTC for $10.7 million
July 14, 2008 on 6:44 pm | In Independent Inventors, Lawsuits |Apparently, the FTC has settled its case with Davison & Associates for $10.7 million in cash, real estate and investment assets, less than half of the $26 million dollar judgment awarded in 2006. See: Pittsburgh Tribune-Review - “O’Hara invention promoter, FTC settle case for $10.7 million.“
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2 Comments
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George Davison should have to pay several hundred
million for his business dealings to the FTC and many many folks who have been ripped off by his many companies.However 10 mil is a start and may the folks get him in a civil trial.
Comment by mark nickerson — July 21, 2008 #
After being a mechanic , for over 50 yrs , I had come up with many invention ideas , such as the sliding 5th wheel air controll on the tractor/trailors & todays head rest for vehicles !
After seeing rthe Davisons TV ad , I fell for it
in 2003 , wasting $8,800. + & 3 yrs. of time !
After contacting Rip Off . Org. I did recover the $8,000. from him & GAVE UP on patenting all of my other ideas , because , I am 82 !
Why has our govt. let these racketeers , stay in business ? There are FRAUD LAWS ,to give them 10 yrs. for frauding seniors !
I wonder when our govt. will see what is hsppenung & do somrthing , to help ?
“Thanks” tom @ Twin Falls
Comment by Thomas Bay — July 25, 2008 #