MOBE

MOBE

It appears that the Federal Trade Commission (FTC) seems to have one eye focused strongly on the online community and has had one there for some time now.  Since 2012, when the FTC updated and slightly revised the “Business Opportunity Rule” it decided that it would partner with Consumer Protection Working Group of the Financial Fraud Enforcement Task Force, the Department of Justice, U.S. Postal Inspection Service, and individual state attorneys general offices to crack down on a lot of the business opportunity rip-off artists, scammers, and schemers on the internet.

Nevertheless, some of these ruthless individuals got away with millions of dollars from honest working Americans and citizens worldwide by taking advantage of normal ordinary people like you and I, just trying to make their lives better.  Since the time that the co-collaboration began they have shut down over 75 fraudulent online scam artists.

CRACKING DOWN ON THE CROOKS

These schemers were taking the hard earn money from sincere consumers looking for a way to improve their family financial conditions, but instead got swindled out of the cash.  These online presences are large corporations, big companies, as well as small sole proprietor enterprises. Some of the names may sound familiar to you.

According to an FTC complaint in November 2012, the American Business Builders were falsely claiming profits from fees ranging from $295.00 to $495.00 US, claimed consumers could make substantial income in several ways, from various commissions from sold or leased terminals to merchants.

Then in 2013 another FTC Complaint claimed The Tax Club offered small business coaching, corporate formation guidence, and credit development services was shut down for falsely claiming their services were essential for the success of consumer businesses.

THEY EVEN WENT AFTER THE GIANTS

It just seemed like yesterday I was reading how The FTC went after Multi-Level Marketing giant Herbalife International (2016) accusing them of conducting a pyramid scheme in their recruiting processes, that resulted in Herbalife’s CEO Michael Johnson stepping down and new CEO taking the companies horns into a new direction. Herbalife corporate headquarters

The case concluded with Herbalife having to pay the FTC 200 million in costs that were refunded to selected distributers from within the organization, it also required the company to restructure itself fundamentally, and redesign how it recruited for new distributors.

 Then in February 2018 it was PayPal, Inc. turn to face the FTC’s wrath and Venmo, PayPal’s peer-to-peer payment service mislead consumers and in tern PayPal violated the Gramm-Leach-Bliley Act’s Safeguards and Privacy Rules.  So it ended up that PayPal, had to change some internal administrative policies regarding releasing of funds during transfers, privacy policy notifications, and from misrepresenting material restrictions and security issues to its consumers.

AND NOW THE LATEST, MOBE

On Monday, June 4, 2018 at 11:20 am in Orlando, Florida Sung W. Kim (Trail Counsel) submitted a civil lawsuit for General Counsel Alden f. Abbott” for the FTC.  The FTC, the Plaintiff  in the case filed a, “Complaint For Permanent Injunction and Other Equitable Relief” against the following persons or entities: MOBE Ltd., d/b/a MOBE, d/b/a My Online Business Education, d/b/a My Own Business Empire (Malaysia);  MOBEProcessing.com, Inc. (US);  MOBETraining.com, Inc. (US);  Transaction Management USA, Inc. (US);  MOBE Pro Limited (UK);  MOBE Online Ltd. (Mauritius);  9336-0311 Quebec, Inc., d/b/a Business Education Training (Canada);  Matt Lloyd Publishing.com, Pty Ltd., d/b/a Matt Lloyd Publishing, d/b/a Home Business Builders (Australia);  MOBE Inc. (Panama);  Matthew Lloyd McPhee, a/k/a Matt Lloyd, a/k/a Matthew Lloyd;  Russel W. Whitney, Jr.; and Susan Zanghi, Defendants.

In the lawsuit, the Court has entered an order that enjoins the Defendants from certain activities and appoints a receiver for the companies listed above.  The lawsuit, which is styled FTC v. MOBE Ltd., et al., case no. 6:18-cv-862, now pending, the Middle District of Florida, Orlando Division of the United States District Court will hear the case against MOBE, Matthew Lloyd.the three MOBE execs facing FTC charges

The FTC alleges since 2003, that the defendants began promoting a 21-step-system titled “My Online Business Education” or dubbed as “MOBE”, that showed consumers how to start their own online endeavor and make a considerable income.  The original entry fee of only $49.00 US was required to get started with the training, then as the participate advanced through the training they are bombarded with advanced training offers to the various stages of MOBE membership packages costing a high as thousands of dollars that the consumer must partake in to enable the concluding of the original 21-step-system training

SETING THE HOOK

Once the consumer had invested a substantial amount of their funds and progressed through the 21-step system training modular.  The defendants would reveal that to make the money mentioned in the advertisements for the training system was to lure other consumer much like themselves into participating in the same training system and high costing memberships.

Additionally, even though the Defendants did post an income disclaimer on their website entry forms, or in the literature signed for memberships at live seminars.  The disclaimer was strategically tucked away in the middle of other legal disclosures and was not addressed to draw the attention of anyone reading the material.  The FTC claims that this practice was not only falsified information but it was very intently misleading unsubstantial claims that paid memberships and completion of the 21-step-system would lead to lucrative income sources.

Equally important, the defendants also make a false and deceptive refund policy and money back guarantees to encourage consumers to purchase the 21-step-system. Furthermore, the defendants would have consumers also sign post agreement documentation making the conditions, stipulations, and situations for refunds to be arduous or nearly impossible to receive. Concluding that the defendants have cheated consumers out of over $125,000,000.00 in total through misrepresentations and false claims of potential income, indicating that in some cases individual consumers lost more than $20,000.00 US each by signing up for their 21-step-system and various memberships..

FTC WANT THEM SHUT DOWN FOR PERMEANT

The FTC specifically listed over 70 offences of false or misleading advertisements, as well as 3 direct willful violations of the Federal Trade Commission Act, including misrepresentations regarding earnings and eligibility of refunds.

So was MOBE a scam, well the FTC sure seems to think so and It appears the Federal Judge is not taking any precautions what-so-ever because the MOBE websites have been shut down and all assets of the defendants have been seized or frozen at this time.

If you would like to read more on the MOBE case (I know a lot of people were taken by these individuals)

Here are some links to the FTC articles concerning the MOBE filed compliant:

https://www.ftc.gov/news-events/press-releases/2018/06/ftc-action-halts-mobe-massive-internet-business-coaching-scheme

https://www.ftc.gov/news-events/blogs/business-blog/2018/06/ftc-alleges-mobe-tells-whale-tale-misleading-money-making

https://www.ftc.gov/enforcement/cases-proceedings/172-3072/mobe-ltd-et-al

https://www.ftc.gov/system/files/documents/cases/mobe_complaint.pdf

I consider myself very fortunate and extremely lucky, I almost fell prey to their scam back in 2015, just before I shifted how I was running my online businesses from merchant stores to informative blogs, thankfully for my mentor she convinced me not to pursue that line of training (I think she had originally signed up for the training to see what is was all about and then when they said they wanted more money to continue won with the training she left).  Because of all our conversations we had together about different opportunities out there she stood the firmest against these individuals and their highly profitable promising training.

Another individual that needs to tread water lightly while the FTC is on the War Path against fraudulent claims are the advertisers for the “Evergreen Wealth Formula 2.0” to find out why click here.

CALVINATOR’S DELIBERATION – NAY*

*Remember this is my opinion, please do your own research and make you own intelligent decision from the information you gather during your research, it is your money not mine so please spend it wisely.

Verdicts Handed Down:

NAY               – means stay away, strongly advised to avoid at all cost.

NEUTRUAL – helpful for advanced individuals, extreme caution, and extensive research recommended.

YEA                – beneficial to many (more for the novice), suggest exploring what the platform has to offer.

 

P.S. Additional comments and added interesting material will always be accepted and welcomed, so let me know by sharing your thoughts on these people.

 

 

 


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