In December 2018, another defendant in the case, Susan Zanghi agreed to turn over to the Commission more than $33,400 in frozen assets under her name. She also agreed to surrender all control over funds held in the name of MOBE corporate entities. The settlement permanently prohibited her from selling or marketing business coaching or investment opportunities.
FTC ended MOBE’s massive scheme
In June 2018, the FTC sued the three individual defendants and the nine businesses responsible for operating MOBE. The Commission accused the defendants of swindling more than $125 million from thousands of consumers including U.S. service members, veterans, and older adults. They allegedly targeted U.S. consumers through direct mailers, live events, online ads, and social media.
The defendants allegedly made false claims that their business education program will allow consumers to start online businesses and make a substantial profit. They also claimed that their 21-step system is proven in generating a significant amount of money from internet marketing.
