Spamroll hasn’t followed the trials and tribulations of the Scott Richter/OptInRealBig bankruptcy cases in a while, well because it all seemed like such old hat. Richter had been taken off of ROSKO, and I figured it was only a matter of time before he and his band of lawyers figured a way out of the mess.
It now seems they have.
According to news released this morning by Microsoft, a settlement has been reached with Richter and OptInRealBig to the tune of $7 million. The whole thing is contingent on Richter’s lawyers filing a request for dismissal of the bankruptcy case, which they are expected to do forthwith.
Microsoft will be using the money to fight spam (according to them), as well a splatter around some funds to other causes just and right. Richter will be monitored closely for years to come, but he says he has come clean, so that shouldn’t be a problem.
This comes hot on the heels of Richter and Company reaching a settlement with Elliot Spitzer a few weeks back, but only for a measly $50,000 (hardly newsworthy compared to MS’s $20 million plus claim).
I’ll try to post the Request for Dismissal when it is available.