Business coaching company settles with FTC for $
An Australian man has agreed to pay the Federal Trade Commission more than $17 million for creating what the agency alleges was a bogus business scheme.
"Consumers who pay the initial $49 entry fee for the 21-step program are bombarded with sales pitches for membership packages that cost thousands of dollars," the FTC claimed in the complaint.
The FTC said the service worked like this: While customers watched pre-recorded videos from McPhee, MOBE sales agents and customer testimonials, they were repeatedly asked to purchase additional packages that cost as much as $30,000 to complete the 21-step program. The product promised customers they would learn to generate substantial income, but most lost money.
MOBE, on the other hand, earned $125 million through its program, the FTC claimed.标签：