Subscribe to our mailing list

X

FTC Returns Money to Victims of Business Opportunity Scheme

By on March 16, 2017

The Federal Trade Commission is mailing 2,031 checks totaling more than $436,000 to people who lost money to Money Now Funding, a work-at-home scheme that conned people, including many seniors with limited income and savings, into thinking they could make money by referring merchants in their area to a non-existent money-lending service.

People who lost money will get an average of $214.68. Recipients should deposit or cash checks within 60 days. The FTC never requires people to pay money or provide account information to cash refund checks.

If you have questions about the case, contact the FTC’s refund administrator, Rust Consulting, Inc., at 800-419-5336. To learn more about the FTC’s refund program, visit www.ftc.gov/refunds.

This article by the FTC was distributed by the Personal Finance Syndication Network.

About Research Department

Here is where you will find important stories located from around the web which can impact you and your financial life.

Share a Comment / Leave a Reply