Jordan Seos firm is facing a lawsuit that alleges the firm’s sales practices were fraudulent.
A federal judge in the Southern District of New York ruled in a lawsuit filed Wednesday that the company must pay $1.7 million to customers who claimed their funds were used for fraudulently billed.
The lawsuit also alleges the company misstated its ability to collect payment and that its sales tactics were designed to create a false sense of security.
A separate lawsuit filed last week alleges the defendants’ fraudulent sales tactics caused the company’s reputation to suffer.
The judge ordered Jordan Seons sales representatives to be barred from any sales activities for five years and that it must make $2.4 million in disgorgement payments.
A spokesman for the U.S. attorney’s office in the southern district of New Jersey declined to comment.
In the lawsuit, which was filed Wednesday in the U