Federal Trade Commission (FTC) (CLOSED)
Most recent update: 6/13/08
United States v. William Judd, Case No. 05-cr-20136 (SD FL)
On February, 18, 2005, William Judd was charged by federal criminal information with 1 count of mail fraud. The charges alleged that William Judd participated in business opportunity fraud through telemarketing. William Judd has also been known as "Billy Judd." The charges were filed in the U.S. District Court for the Southern District of Florida, and involved William Judd's conduct at a fraudulent business opportunity firm called Global Resources, Inc.
On April 7, 2005, William Judd pled guilty to 1 count of mail fraud. In doing so, William Judd admitted he had engaged in business opportunity fraud through telemarketing.
On September 23, 2005, William Judd was sentenced to 70 months' imprisonment, 3 years’ supervised release and $2,418,358.43 in restitution. During his term of supervised release, William Judd is not permitted to sell business opportunities or engage in telemarketing without approval of the probation office and the Court.
Under federal law restitution is ordered in criminal cases, in general, on the basis of losses a defendant causes and without regard to the defendant's ability to pay the restitution. See 18 U.S.C. 3664 (f)(1)(A), which provides: "In each order of restitution, the court shall order restitution to each victim in the full amount of each victim's losses as determined by the court and without consideration of the economic circumstances of the defendant." Any payments made by the defendant will go to the Court and will then be shared among victims. Any amount due a victim shall be reduced by any amount the victim recovers for the same loss from any other source. If you have any questions regarding the restitution order, please contact the Federal Probation Office of the Southern District of Florida.