Federal Trade Commission v. RCG Advances, LLC et al

Filing 217

FINDINGS OF FACT, CONCLUSIONS OF LAW, AND FINAL JUDGMENT: For the foregoing reasons, the Court hereby enters Final Judgment as follows: Judgment in the amount of THREE MILLION, FOUR HUNDRED AND TWENTY-ONE THOUSAND, AND SIXTY-SEVEN Dollars ($ ;3,421,067) is entered in favor of the FTC against defendant Jonathan Braun, with post-judgment interest at the legal rate, as monetary relief pursuant to Section 19 of the FTC Act, 15 U.S.C. § 57b, for defendant Jonathan Braun's violation of Section 521 of the GLB Act. This judgment is joint and several with (1) the judgment entered in this case against defendants RAM Capital Funding LLC and Tzvi Reich on January 8, 2022 (ECF No. 102) and (2) the judgment entered in this case against defendants RCG Advances, LLC and Robert Giardina on June 2, 2022 (ECF No. 127). As further set forth in this Order. Judgment in the amount of SIXTEEN MILLION, NINE HUNDRED AND FIFTY-SIX THOUSAND dollars ($16,956,000) is entered in favor of th e FTC against defendant Jonathan Braun, with post-judgment interest at the legal rate, as a civil penalty pursuant to Section 5(m)(1)(A) of the FTC Act, 15 U.S. C. § 45(m)(1)(A), for defendant Jonathan Braun's violations of Section 521 of the GLB Act. As further set forth in this Order. This Court retains jurisdiction of this matter for purposes of construction, modification, and enforcement of these provisions. The Court directs the Clerk of the Court to enter this Judgment and to close the case. SO ORDERED. (Signed by Judge Jed S. Rakoff on 2/6/2024) (ks) Transmission to Finance Unit (Cashiers) for processing.