Federal Trade Commission (FTC) Returning $18 Million to Victims of Home-Based Business Coaching Scheme

The Tax Club targeted people attempting to start home-based businesses

Federal Trade Commission (FTC) Returning $18 Million to Victims of Home-Based Business Coaching Scheme
Image: Pixabay
December 19, 2016

The Federal Trade Commission (FTC) is sending more than 20,000 checks in the mail totaling more than $18 million to the victims of a home-based business coaching scam.

The Tax Club purportedly targeted people attempting to start home-based businesses.

A complaint filed by the FTC, as well as the attorneys general of New York and Florida, alleged that the defendants made false claims that their services would help businesses operating out of victims' homes to succeed. They promised services that they never provided, including business coaching, corporate formation, and credit development.

The victims of the scheme who lost money will receive an average of $914 back. Those who receive a check should deposit or cash it within 60 days.