The alleged perpetrator of a text message...

The alleged perpetrator of a text message scamming scheme agreed to settle FTC charges over sending false text messages promising $1,000 gift cards in exchange for personal information, the FTC said in a Tuesday release (http://1.usa.gov/1uc6LQQ). The monetary judgment in the settlement, $2,863,000, will be mostly suspended due to the defendant Verma Holdings’ inability to pay. The settlement, approved unanimously by the commissioners, closes one of numerous FTC charges filed against 29 defendants in March 2013 over similar texting scams (http://1.usa.gov/1rtmMym).