Earlier this month we reported on the
FTC reaching settlements with several Digital Income Systems defendants
.

On May 26th the FTC filed notices of settlement approval for defendants Jennifer Hedrick (aka Jennifer Maurer), Derek Jones Foley and William Foley, Christopher Brandon Frye and Kaitlyn Scott.

The respective defendants settlements will see monetary judgments entered against the Foleys and Hedrick:

William and Derek Foley – $2,606,074

Brendan Frye – $600,000

Jennifer Hedrick – $217,426

Kaitlyn Scott – $171,500

The framing of the judgment is $3,595,000 against the Foleys, with the above amounts joint liabilities with Frye, Hedrick and Scott.

Frye’s and Scott’s judgments have been settled via payment of
default judgments
 entered against them last month.

The Foley’s and Hedrick’s judgement will be satisfied by

cleaning out various bank and payment processor accounts;

the liquidation of William Foley’s 2016 Lexus IS 250 and 2018 Toyota Highlander;

cleaning out a Robinhood trading account balance; and

liquidation of Derek Foley’s 2017 Land Rover SUV.

The FTC has agreed to suspension of the remaining judgment balance.

As a result of the settlements,
the FTC’s allegations against the Digital Income Systems defendants
“will be taken as true”.

Each of the Digital Income Systems defendants are banned from marketing business and/or investment opportunities.

They must also retain business records and report to the FTC for ten to twenty years after the date of their respective settlements.

The last step is the court signing off on the settlement agreements, after which the case will come to a close.

Update 12th July 2021 – 
Final judgments and injunctions were entered into against Jenifer Hedrick and Derek and William Foley on July 1st.

This brings BehindMLM’s coverage of the FTC v. Digital Income System et al. to a close.

🤖 Quick Answer

What was the total settlement amount in the Digital Income Systems FTC case?
The FTC reached settlements totaling $3,595,000 against the defendants in the Digital Income Systems fraud case filed in May, with individual monetary judgments distributed among the defendants including the Foleys, Hedrick, Frye, and Scott.

Who were the main defendants in the Digital Income Systems settlement?
The principal defendants included William and Derek Foley, Jennifer Hedrick, Christopher Brandon Frye, and Kaitlyn Scott, each facing individual monetary judgments as part of the FTC's coordinated settlement action against the fraudulent scheme.

How were the individual monetary judgments distributed among defendants?
The Foleys faced $2,606,074 in judgments, Frye $600,000, Hedrick $217,426, and Scott $171,500, with the latter three amounts constit

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