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FTC sends refunds to people who paid for subscriptions

The FTC is sending PayPal payments totaling nearly $2.4 million to 9,862 customers of

The FTC sued Raging Bull, and the company agreed to settle. According to the lawsuit, Raging Bull used bogus earnings claims to trick people into paying for investment strategies and recommendations, and then trapped them into hard-to-cancel subscription plans with costly fees. The company claimed its investment strategies and recommendations would generate consistent, market-beating returns. The FTC says that the company didn’t have evidence to support these claims and that many customers lost large amounts of money. The FTC also says that the company made it difficult for customers to cancel Raging Bull’s subscription services, which resulted in unwanted renewal charges for some customers.

If you receive a PayPal payment, you have 30 days to accept it. If you would prefer to get a check, please call 1-877-415-0647.

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 1-877-415-0647.