Ronnie Montano, Hyong Su Kim (Jimmy Kim), and Martin Schranz, along with their related companies, were sued by the FTC over Mobile Money Code. The defendants convinced innocent consumers who wanted to make extra money that Mobile Money Code would allow them to use “secret codes” that would allow them to earn money working from home. The FTC alleges in their lawsuit that Mobile Money Code is nothing more than generic software applications and cannot help consumers make “thousands of dollars per day.” The FTC alleges that the defendants took in more than $7 million from consumers through their scam.
Defendants Accused of Spam and Preventing People from Leaving Their Websites
The FTC accused the defendants of violating the FTC ACT and the CAN SPAM Act by making absurd income claims (some income claims included making $60,000 a month on “auto-pilot”) through email and did not include a way for people to remove themselves from the email list. The CAN SPAM Act requires that subject lines of emails accurately reflect the content of the message as well as include a valid physical address. Emails must also provide a way for list members to remove themselves from the list.
