Refunds for Business Coaching Scam

Jun 12, 2018

Did you pay money for a business coaching scam to a company doing business as the Internet Teaching and Training Specialists, LLC (ITT)? If so, you may be entitled to receive a refund check for $266.78 from the Federal Trade Commission (FTC).

ITT sold business coaching services through another company, Guidance Interactive. In December 2017, The FTC filed a complaint against ITT and the individuals who controlled the company. The complaint alleges that the company falsely promised it would allow subscribing consumers to develop a profitable online business. In fact, most of the people who paid ITT for its business coaching services lost money.

ITT reached a settlement with the FTC in January. Under the terms of the settlement, ITT is banned from selling business coaching services and business opportunities in the future. The company also agreed to pay $969,000 to the FTC as a civil penalty. The FTC is now distributing that money to consumers who were victims of the scam.

The FTC is reminding consumers who receive checks that they should cash them within 60 days.

If you want more information about the FTC’s refund programs, you can find it here, or contact my office.

 

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