FTC sends refunds to people who paid for business coaching
The FTC is mailing a fourth round of checks totaling more than $5.4 million to people who lost money to a business coaching scheme that used the names Coaching Department and Apply Knowledge, among others.
According to the FTC, the defendants conned millions of dollars from people by falsely telling them they could earn thousands of dollars a month by purchasing business coaching services and establishing an Internet business.
The FTC mailed the first round of checks in October 2019, the second round of checks in June 2020, and the third round of checks in December 2021. These distributions resulted in more than $23.8 million in refunds. The funds for the current distribution come from the case against First Data Merchant Services LLC, a company that processed payments for the defendants. Because money still remains in the fund, the FTC is mailing an additional 8,781 checks totaling over $5.4 million to people who previously cashed a check in this matter.
If you get a check, please cash it within 90 days.
You can find answers to common questions about refund payments on our FAQ page. If you have any other questions, please call the refund administrator at 1-844-982-1005.