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.

The websites related to this lawsuit (mobilemoneycode.com, automobilecode.com, and secretmoneysystem.com) used paid actors to provide fake testimonials related to the Mobile Money Code system. Additionally, the FTC alleged that when consumers would visit the webpages and would try to leave, they could not because of pop-up ads. For consumers who bought in, they were then baragged with upsales and add ons. Finally, the defendants did not honor their “60-day, hassle-free, money back guarantee.”

Defendants Sold Consumer Information to Lead Brokers

Sadly, consumers who bought into Mobile Money Code lost more than their money. According to paragraph 38 of the complaint, the defendants took consumer information and compiled them into lists of leads. That information was sold for no less than $650,000.

FTC Asks for Restitution, Refund of Monies Paid, and More

The FTC has asked the court to force the defendants to pay restitution of an unspecified amount, refund money to consumers, for the defendants to pay for the cost of the trial, and asked the court to provide other sufficient relief. USA Herald will keep you updated on this work from home scam.