FTC RETURNS MORE THAN $2 MILLION TO PEOPLE WHO PAID HIGH UPFRONT FEES FOR "FUNDING" TO PAY FOR TRAINING PROGRAMS
The FTC is sending 8,843 checks to people who were harmed by a company that charged them money for “funding” to pay for expensive and often ineffective training programs, but instead opened multiple credit card accounts in their names.
According to the FTC's complaint, Seed Consulting, LLC was pitched by training companies as a way to get “funding” to people who wanted to start a business or become a real estate investor. The complaint alleged that Seed Consulting is not a lender and didn’t actually provide funding. Instead, the company charged people $3,000 or more to apply for numerous credit cards on their behalf, with total credit lines of more than $50,000. Seed Consulting also did business as Seed Capital and Foundation Funding.
If you get a check, please cash it within 90 days.
You can find answers to common questions about refund payments on our FAQ page. If you have any other questions, please call the refund administrator at 1-833-823-0045.