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Tuesday, April 7, 2020

U.S. reaches settlement in alleged multimillion dollar business coaching scheme

Federal Gov

By Marian Johns | Sep 12, 2018

General court 10

WASHINGTON, D.C. — A federal agency has reached a settlement with one of the defendants in a multimillion dollar business coaching scheme that allegedly involved telling customers they could earn a six-figure salary within 90 days.

According to the Federal Trade Commission (FTC), Sean Brown allegedly helped run a coaching scheme under the business Digital Altitude, which resulted in customers loosing tens of millions of dollars. The FTC alleges Brown made false claims to customers about how much money they could make and promised coaching from successful marketing professionals. The coaches actually were sales personnel trying to sell more expensive membership levels, the FTC alleges. 

As part of the settlement, Brown faces a $10.8 million settlement to be suspended when he surrenders assets. Brown also is banned from any ownership in a company involved in business coaching programs and investment opportunities, according to the FTC. 

The settlement prohibits Brown from credit card laundering, making misrepresentations about a product or service and profiting from consumer personal information obtained as part of the scheme, the FTC said. 

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US Federal Trade Commission