(Reuters) - Infomercial pitchman Kevin Trudeau lost his bid to throw out a $37.6 million fine for violating a 2004 Federal Trade Commission settlement over his advertising and a federal appeals court said the amount might even be too low.
Trudeau has long battled federal regulators over his marketing of "cures" for such conditions as AIDS, hair loss, memory loss, obesity and financial distress.
Reporting by Jonathan Stempel and Terry Baynes in New York (November 2011)
Trudeau has long battled federal regulators over his marketing of "cures" for such conditions as AIDS, hair loss, memory loss, obesity and financial distress.
Reporting by Jonathan Stempel and Terry Baynes in New York (November 2011)
Occasionally there is a little justice.
A few years ago I was in Sam's browsing in their book section. A lady had just picked-up one of Trudeau's books. The conversation with her went something like this:
"Hi. I don't mean to be rude and intrude, but do you know anything about him?" pointing to her book.
"Oh, yes."
"Do you know he's been in jail for fraud?"
"Ah, yes."
"Do you know most of what he writes is not true, that his books are just a scam?"
"Well, in one of his books I learned that a little vinegar helps with an upset stomach."
"Hi. I don't mean to be rude and intrude, but do you know anything about him?" pointing to her book.
"Oh, yes."
"Do you know he's been in jail for fraud?"
"Ah, yes."
"Do you know most of what he writes is not true, that his books are just a scam?"
"Well, in one of his books I learned that a little vinegar helps with an upset stomach."
Well, folks, I guess that's just the way it is. And, yes, I guess it's true that there are a lot of suckers out there just waiting for the Trudeaus of the world to steal from them.
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