Largest litigated amount ever obtained by FTC in latest ruling by U.S. District Court of Nevada

A U.S. District Court Judge in Nevada ruled in favor of the FTC, imposing a record $1.3 billion judgment against AMG Services Inc. owned by Scott A. Tucker.  The court found AMG Services misled consumers about a one-time servicing fee and the actual cost of the loan.  Instead of charging a one-time servicing fee, AMG Services would make several withdrawals from consumer bank accounts and then charge a financing fee for every withdrawal.  AMG Services Inc., as well as any of Tucker’s businesses, are prohibited from providing any consumer lending services.

You can read more here:

https://www.ftc.gov/news-events/press-releases/2016/10/us-court-finds-ftcs-favor-imposes-record-13-billion-judgment?utm_source=govdelivery

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Dean Brown is a seasoned business professional with 20 years of audit experience. Dean specializes in System and Organization Controls (SOC) audits, which he has been conducting as the principal auditor since 2014. Dean has also conducted numerous controls, IT, operations, compliance and forensic audits over the duration of his career. His experience involves financial, IT, SOC (SOC 1, SOC 2, SOC 3 and SOC for Cybersecurity), operations and compliance audits, examinations, review and consulting engagements. Dean is a subject matter expert in SSAE18/SOC 1, SOC 2 audits, ISO 27001, enterprise risk management, internal controls, information security management systems, and IT governance models. Dean began his career as an auditor at a Big 4 public accounting firm where he audited multiple fortune 500 companies. Later in his role as a lead auditor at a fortune 500 company he managed teams in the United States and Canada and was instrumental in the management and successful completion of a company-wide project that successfully transition the company to a new operating business model. Dean is responsible for crafting, communicating, and reinforcing CompVisory’s vision and mission, and empowering the CompVisory team with the guidance and resources necessary for their achievement.