FTC returns $18 million to home-based coaching scheme victims

Refunds are being mailed to consumers who were defrauded by The Tax Club, the FTC said.

Refunds are being mailed to consumers who were defrauded by The Tax Club, the FTC said.

The Federal Trade Commission is mailing more than 20,000 checks totaling more than $18 million to people who lost money to The Tax Club, a scheme that targeted people who were trying to start home-based businesses.

The FTC and the New York and Florida Attorneys General, alleged in a complaint that the defendants falsely claimed their services would help home-based businesses succeed, and promised services that were never delivered, such as business coaching services, corporate formation services, and credit development services.

In 2014 the FTC and the two Attorneys General alleged that The Tax Club enterprise took more than $200 million from thousands of consumers, including Florida consumers, through an elaborate  telemarketing scheme.

People who lost money will get an average of $914 back. Recipients should deposit or cash checks within 60 days.

The FTC never requires people to pay money or provide account information to cash refund checks. If you have questions about the case, contact the FTC’s refund administrator, Analytics Consulting LLC, at 855-561-1178.

To learn more about the FTC’s refund program, visit www.ftc.gov/refunds.

 

 

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