Business ProfileforYGP Events

The following describes a government action that has been resolved by either a settlement or a decision by a court or administrative agency. If the matter is being appealed, it will be noted below.

Florida: On June 5, 2018, the Federal Trade Commission filed a lawsuit (Case No. 6:18-cv-862-ORL-37DCI with Middle District of Florida located at 801 N Florida Ave, Tampa, FL 33602) against Matt Lloyd McPhee also known as Matt Lloyd (individually and as an officer, member and/or manager) MOBE Ltd., My Online Business Education, My Own Business Empire ( a Malaysian limited liability company) MOBEProcessing.com, Inc., Transaction Management USA, Inc., MOBETraning.com, Inc. ( Delaware Corporations) 9336-0311 Quebec Inc., Also known as Business Education Training, ( a Canada corporation), MOBE Pro Limited ( a United Kingdom limited liability company), MOBE Inc., ( a Panama corporation), MOBE Online LTD ( a Mauritius limited liability company), Matt Lloyd Publishing.com Pty Ltd. Also known as Matt Lloyd Publishing also doing business as Home Business Builders (an Australia limited liability company).
Ms, Susan Zanghi. named as individually and as an officer, member and/or manager of MOBE Ltd., and MOBE Processing.com, Inc.,
Also Mr. Russell W. Whitney, Jr. named as individually and as an officer, member and/or manager of MOBE Ltd.

The Federal Trade Commission filed a lawsuit for alleged violations of:
Misrepresentations or deceptive omissions of material fact constitute deceptive acts or practices. The action alleges that since 2013, Defendants have used online advertisements, social media, and live events held throughout the United States to promote a fraudulent business education program called "My Online Business Education" or "MOBE." Through their program, Defendants claim to reveal a simple 21-step system that will show consumers how to quickly and easily start their own online business and make substantial income.

COUNT I
Misrepresentations Regarding Earnings - In numerous instances in connection with the advertising, marketing, promotion, offering for sale, or sale of their products or memberships, Defendants have represented, directly or indirectly, expressly or by implication, that purchasers of their products or memberships would earn or were likely to earn substantial income.
Defendants' representations set forth in Paragraph 101 of this Complaint are false, misleading, or were not substantiated at the time the representations were made.
Therefore, Defendants' representations set forth in Paragraph 101 of this Complaint constitute deceptive acts or practices in violation.

COUNT II
Misrepresentations Regarding Refunds- In numerous instances in connection with the advertising, marketing, promotion, offering for sale, or sale of their products or memberships, Defendants have represented, directly or indirectly, expressly or by implication, that purchases of their products or memberships are refundable without conditions, including claims that purchases of Defendants' products and memberships are "100% risk free," "100% satisfaction guaranteed," or come with a "30 Day Money Back Guarantee."
In truth and in fact, in numerous instances in which Defendants have made the representations set forth in this Complaint, Defendants have refused to issue refunds or imposed inconspicuous post-purchase conditions that purchasers must satisfy to receive refunds.
Therefore, Defendants' representations set forth this Complaint are false or misleading and constitute deceptive acts or practices.
Consumers have suffered and will continue to suffer substantial injury as a result of Defendants' violations of the FTC Act. In addition, Defendants have been unjustly enriched as a result of their unlawful acts or practices. Absent injunctive relief by this Court, Defendants are likely to continue to injure consumers, reap unjust enrichment, and harm the public interest.

THIS COURT'S POWER TO GRANT RELIEF empowers this Court to grant injunctive and such other relief as the Court may deem appropriate to halt and redress violations of any provision of law enforced by the FTC. The Court, in the exercise of its equitable jurisdiction, may award ancillary relief, including rescission or reformation of contracts, restitution, the refund of monies paid, and the disgorgement of ill-gotten monies, to prevent and remedy any violation of any provision of law enforced by the FTC. PRAYER FOR RELIEF Wherefore, Plaintiff FTC, and the Court's own equitable powers, requests that the Court:
A. Award Plaintiff such preliminary injunctive and ancillary relief as may be necessary to avert the likelihood of consumer injury during the pendency of this action and to preserve the possibility of effective final relief, including but not limited to, temporary and preliminary injunctions, an order freezing asset, and the appointment of a receiver;
B. Enter a permanent injunction to prevent future violations of the FTC Act by Defendants;
C. Award such relief as the Court finds necessary to redress injury to consumers resulting from Defendants' violations of the FTC Act, including but not limited to, rescission or reformation of contracts, restitution, the refund of monies paid, and the disgorgement of ill-gotten monies; and
D. Award Plaintiff the costs of bringing this action, as well as such other and additional relief as the Court may determine to be just and proper.

As of June 25, 2018, the FTC has reached an agreement with Defendant Mr. Russell W. Whitney, Jr regarding a stipulated preliminary injunction, which the FTC intends to submit shortly for the Court's approval.
Defendant McPhee has informed the FTC that the MOBE corporate defendants will not be retaining counsel or taking steps to defend themselves against the allegations in the complaint.
Accordingly, the FTC will be moving for default judgments against these corporations once service of all corporate entities is complete. Thus, as it currently stands, Defendant McPhee is the only defendant who may still contest the preliminary injunction and would be implicated by the proposed rescheduling of the preliminary injunction hearing.

At this time the case is still pending. For additional information, please contact the Federal Trade Commission at 877-382-4357 or view updates at https://www.ftc.gov.