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August 21, 1996|Times Staff and Wire Reports

FTC Obtains Judgment in 900-Number Case: The commission said the $100,000 judgment is against Rory Cypers, a principal in American Fortune 900 of Westlake Village. The FTC charged Cypers, 26, and his company with using deceptive means to get consumers in an investment partnership that purported to earn income from 900-number telephone chat lines with celebrities LaToya Jackson, Playboy model Carol Shaya and former New York Newsday columnist Michael Shain. American Fortune 900 is in receivership and has not yet settled. The FTC said the company had $100,000 in its bank accounts when it was placed into receivership last winter but that about $40,000 of that has been used to compensate the court-appointed receiver.

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