The FTC ordered UGA to notify consumers regarding its debt forgiveness offer related to their purchase of OTA’s investment training prgrams. Consumers have 45 days to request debt forgiveness from UGA.
In a statement, FTC Bureau of Consumer Protection Director Samuel Levine said, “These defendants helped Online Trading Academy run its investment training scheme for years, ignoring clear signs that they were profiting off the backs of defrauded consumers. Companies that facilitate payments can’t turn a blind eye when their clients are defrauding consumers.”
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