FTC sends payments to people who lost money to a business opportunity scheme
The FTC is sending payments to people who paid for a business opportunity scheme called “Online Entrepreneur Academy.â€
The FTC sued the companies and individuals responsible for two related schemes, Online Entrepreneur Academy and 8 Figure Dream Lifestyle, and the defendants agreed to settle. According to the lawsuit, the defendants used a combination of illegal robocalls, live telephone calls, text messages, internet ads, emails, social media posts, and live events to market and sell bogus money-making opportunities. The FTC says that the defendants' claims about income were false or unproven, and that most people lost their entire investment.
The FTC is sending 1,353 payments totaling more than $84,000 to people who paid for Online Entrepreneur Academy. The FTC previously sent payments to people who paid for 8 Figure Dream Lifestyle, which resulted in $1.1 million in refunds.
If you get a check, please cash it within 90 days.
If you get a PayPal payment, please accept it within 30 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 1-888-691-3551.