Lawyer: Miss Cleo Can Operate Through Trial

Share this content:
An attorney representing the Psychic Readers Network, which is fronted by late-night DRTV celebrity Miss Cleo, said yesterday that the Federal Trade Commission has agreed not to pursue a shutdown of the business while the two sides battle in court.


The FTC, as part of its fraud lawsuit filed Feb. 14 in U.S. District Court in South Florida, had asked a judge to issue a temporary injunction freezing the assets of the Psychic Readers Network and its sister company, Access Resource Services, and to place them in receivership.


In a statement, New York attorney Sean Moynihan, who represents the two firms, said the FTC agreed instead to have a neutral monitor inspect the operations of Access Resource Services.


"The FTC made the decision to commence a lawsuit and hold a press conference without asking Access about their actual business practices," the statement said. "Not surprisingly, however, after a meeting with Access' counsel and after a thorough explanation of Access' business practices, the FTC and Access have, today, entered into a settlement agreement by virtue of which Access simply agrees to uphold the high standard of business practices already in place by Access."


Access Resource Services expects to be fully vindicated by the monitor, according to the statement. The company said it would continue to contest any court actions filed against it, including the FTC's.


The FTC did not immediately return a call for comment.


close

Next Article in Marketing Strategy

Sign up to our newsletters

Company of the Week

Brightcove is the world's leading video platform. The most innovative and respected brands confidently rely on Brightcove to solve their most demanding communication challenges because of the unmatched performance and flexibility of our platform, our global scale and reliability, and our award-winning service. With thousands of customers and an industry-leading suite of cloud video products, Brightcove enables customers to drive compelling business results.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above