FTC sends refunds to people who paid for business coaching
The FTC is returning an additional $25 million to people who lost money to a business coaching scheme that used the names Coaching Department and Apply Knowledge, among others. According to the FTC, the defendants conned millions of dollars from people by falsely telling them they could earn thousands of dollars a month by purchasing business coaching services and establishing an Internet business.
The FTC previously sent checks for this matter in October 2019 and June 2020. The funds for the current distribution come from the FTC’s case against First Data Merchant Services LLC, one of several companies that processed credit card payments for the defendants in this case. According to the FTC, First Data allegedly ignored repeated warnings from employees, banks, and others that they were processing payments for companies that were breaking the law.
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 1-844-982-1005.