Additional Information for Elite IT Partners, Inc.

The following describes a government action that has been resolved by either a settlement or a decision by a court or administrative agency. If the matter is being appealed, it will be noted below.

On December 9th, 2019, the business entered into a stipulated order for permanent injunction and monetary judgement with the FTC. The order settles allegations that the business and individual tricked consumers into believing their computers were infected with viruses in order to sell them costly computer repair services. Under terms of the order, the business and individual are permanently prohibited from offering or marketing tech support products or services to consumers and misrepresenting their cancellation or refund policies associated with a product they sell. The settlement also prohibits Martinos and his company from falsely claiming an affiliation with another company or that a consumer’s product is infected with a computer virus. Additionally, the order details permanent prohibitions against defendants and defendants’ officers, agents, employees, and attorneys, and all other persons in active concert or participation with any of them, who receive actual notice of this order, whether acting directly or indirectly, in connection with the advertising, marketing, promoting, or offering for sale of any good or service.

The settlement imposes a $13.5 million judgment against Martinos and Elite IT, which will be suspended upon payment by Martinos of $173,500 and the turnover of other assets, due to an inability to pay the full amount. If found to have misrepresented their finances, Martinos and his company will be required to pay the full amount. The Assurance was for settlement purposes only and should not be considered as an admission of guilt or finding of violation of the law.