Federal Trade Commission Spin Can Kill Your Business
The FTC is skilled at public relations and “protecting consumers” is a newsworthy event. This means that a trial or a consent order isn’t the end of your ordeal.
Instead, a press release will be issued and perhaps a press conference held that will spin what happened in a very favorable light for the FTC at your expense.
Your legal counsel can sometimes mitigate the damages but that depends in part on whether the FTC is using you to send a warning to others in your industry. Your public relations consultant can counter-spin the media but some of the mud thrown your way will probably stick.
What you have done by accident may make you look like Scrooge preying upon the poor, the sick, and the elderly by the time you read the stories online or in a newspaper.
If restitution or other monetary payments are required as part of the settlement, that amount may be inflated in the press coverage.
This can cause a “blood in the water” reaction.
About the Author
With an advanced international law degree from Georgetown University and more than 15 years of real world legal experience, Attorney Mike Young is President of the Internet Ethics Council and creator of Website Legal Forms Generator software. He helps entrepreneurs protect and grow their businesses online.
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