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FTC Sends Checks to People Who Paid High Upfront Fees for "Funding"

The FTC is sending a second round of checks to people who paid Seed Consulting for “funding” to pay for expensive and often ineffective training programs. 

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.

The FTC first mailed checks for this matter in September 2021, which resulted in more than $1.8 million in refunds. Because there is still money in the fund, the agency is mailing a second round of checks to everyone who cashed their first check.

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.