The Federal Trade Commission ruined George Yemec’s life. At least, that’s how a Canadian judge tells it, ruling in 2009 that the agency in an overzealous prosecution shuttered Yemec’s multimillion-dollar telemarketing business based on “completely erroneous affidavit evidence,” according to Ontario Superior Court Justice Edward Belobaba.
Now the FTC has quietly paid Yemec, his lawyers and co-defendants more than $350,000 over the course of this summer, most recently on Aug. 14, government records show. The feds still owe them another $800,000, according to court records in Canada.
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