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The Federal Trade Commission is mailing more than $4.4 million in refund checks to 2,004 consumers harmed by the Ivy Capital business “coaching” scheme, which falsely claimed that it would help them develop their own Internet businesses.

Ivy Capital Inc. and 29 co-defendants allegedly took more than $130 million from people who paid thousands of dollars – some paid up to $20,000 – believing they would earn up to $10,000 per month. But the promised coaching program was worthless. Most of the defendants agreed to settle FTC charges that they misrepresented the program and its earning potential, and failed to fully disclose and honor their refund policy. A district court granted summary judgment against five defendants. Litigation continues against Benjamin Hoskins, Dream Financial, and three relief defendants, Leanne Hoskins, Oxford Financial LLC, and Mowab Inc., who filed an appeal. Five defendants defaulted.

Affected consumers will receive more than 55 percent of the amount they lost. Those who receive checks from the FTC’s refund administrator should cash them within 60 days of the mailing date. The FTC never requires consumers to pay money or to provide information before refund checks can be cashed. Those with questions should call the refund administrator, Rust Consulting, Inc., at 1-866-591-7254, or visit for more general information.

The Federal Trade Commission works for consumers to prevent fraudulent, deceptive, and unfair business practices and to provide information to help spot, stop, and avoid them. To file a complaint in English or Spanish, visit the FTC’s online Complaint Assistant or call 1-877-FTC-HELP (1-877-382-4357). The FTC enters complaints into Consumer Sentinel, a secure, online database available to more than 2,000 civil and criminal law enforcement agencies in the U.S. and abroad. The FTC’s website provides free information on a variety of consumer topics. Like the FTC on Facebook, follow us on Twitter, and subscribe to press releases for the latest FTC news and resources.

Contact Information


Frank Dorman
Office of Public Affairs