Last Updated:
Case Status:
Pending
Federal Trade Commission, Plaintiff, v. OTA Franchise Corporation, a Nevada corporation; Newport Exchange Holdings, Inc., a California corporation; NEH Services, Inc., a California corporation; ELO Investments, Inc., a California corporation; Matrix Financial Technologies, Inc., a California corporation; Eyal Shachar, also known as Eyal Shahar, individually and as an officer of OTA Franchise Corporation, Newport Exchange Holdings, Inc., and NEH Services, Inc.; Samuel R. Seiden, individually and as an officer of OTA Franchise Corporation; and Darren Kimoto, individually; Defendants, and Orit Shachar, Relief Defendant.
FTC Matter/File Number:
182 3175
Civil Action Number:
8:20-cv-00287-JVS-KES
Enforcement Type:
Federal Injunctions
Federal Court:
Central District of California
Case Summary
A federal court has granted the Federal Trade Commission’s request for a preliminary injunction to halt the alleged illegal practices of Online Trading Academy (OTA). The court had previously entered a temporary restraining order in the case.
