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A man who duped customers into believing they could download copyrighted MP3 files without violating the law has agreed to settle Federal Trade Commission (FTC) charges that his claims were false. Cashier Myricks, Jr., operator of mp3downloadcity.com, agreed to pay $15,240 to the 611 customers who signed up to use the service to exchange music, movie and game files. The FTC said in a statement that Myricks is also barred from misrepresentations about P2P (define) file-sharing products or services and must explain the civil and criminal liability risks of downloading copyrighted material without the owner's permission. The settlement is the latest example of how federal agencies and businesses are cracking down on the use of file sharing under false pretenses for financial gains.