American TelNet (ATN) was an American 1-900 telephone number company formed c. 1992, operated by Abraham (Michael) Pardes (COO), Michael Self, Howard Markowitz (CFO), and Ted Liebowitz (CEO). It operated phone sex lines, as well as psychic hotlines for Zodiac and American Psychic.[1]
ATN settled a lawsuit with the Federal Trade Commission in 1999 for $39 million over cramming practices. A previous $2.5 million settlement was reached with FTC in 1994.[2][3][4][5]
By 2003 the company had overcharged the psychic hotlines and was beginning to become insolvent. The company dissolved in 2006. At that time Liebowitz owned 53% of the company, Pardes owned 39%, and Markowitz owned 5%.[1]
References
edit- ^ a b In re American Telnet Inc, Kenneth Welt v Michael Pardes, Ted Liebowitz, Sara Liebowitz, and Gavin Kahn
- ^ "$39 Million For Consumer Redress in American TelNet Settlement". Federal Trade Commission. 10 June 1999. Retrieved 23 November 2021.
- ^ "1995 Annual Report" (PDF). ftc.gov. Retrieved 23 November 2021.
- ^ Andy Newman (25 August 1999). "Company Pays $100,000 Over Phone-Billing Complaints". The New York Times. Retrieved 23 November 2021.
- ^ Sharon Walsh (2 December 1994). "OPERATOR OF SEX-TALK LINES FINED". Washington Post. Retrieved 24 November 2021.
This article about an organization contains unreferenced categories (Category:1992 establishments in Florida). (June 2022) |