U.S. Federal Trade Commission building. (Photo: Diego M. Radzinschi/ALM) Federal Judge: Raging Bull Instructor Could Be Liable for Defrauding Consumers $137M in Alleged Investment Scheme
"A careful review of the allegations in the Second Amended Complaint makes clear that the FTC has plausibly alleged that Dennis made misleading and material representations regarding customers' potential earnings from Raging Bull's products. First, the FTC plausibly alleges that Dennis made income-related 'representations' through electronic means which were directed at consumers," said U.S. District Judge George L. Russell, III, for the District of Maryland.
March 22, 2023 at 10:52 AM
4 minute read
Investments and Investment Advisory
A federal judge in Maryland has denied a defendant connected to Raging Bull's motion to dismiss claims filed by the Federal Trade Commission that alleged he helped the subscription-based investment training company defraud consumers over $137 million.
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