FTC Returns Money to Victims of Business Opportunity Scheme
The FTC is mailing a second round of checks to people who paid money for a business opportunity. The FTC charged that defendants falsely claimed people would earn substantial income offering payment processing services, credit card terminals, and merchant cash advances to small businesses.
The first round of checks was mailed in July 2017. Because money still remains in the fund, the FTC is mailing an additional 632 checks totaling more than $64,850. This mailing brings the total amount refunded to people in this matter to more than $370,000.
Under a settlement with the FTC, the defendants—which include American Business Builders, ENF, Network Market Solutions, UMS Group, United Merchant Services, Universal Marketing and Training, and Unlimited Training Services—are banned from selling business and work-at-home opportunities and related services.
If you get a check, please cash or deposit it within 60 days.
If you have questions about the case, contact the FTC’s refund administrator at 800-373-9651.