Scammer Can’t Use High Court Ruling to Avoid $163 Million Fine

The Federal Trade Commission might not be able to seek monetary relief anymore, but Kristy Ross isn’t off the hook for $163 million judgment imposed on her in the aftermath of a nationwide scam after a Wednesday ruling from the Fourth Circuit.

The Supreme Court’s 2021 ruling in AMG Capital Mgmt LLC v. FTC—holding the regulator isn’t authorized to pursue retrospective monetary relief—doesn’t create an extraordinary circumstance for Ross that would vacate the district court’s ruling from about a decade prior, when the circuits agreed the FTC had such Article III standing, the US Court of Appeals ...