The Federal Trade Commission (FTC) has announced it is distributing over $2 million in refunds to consumers affected by fraudulent money-making and coaching programs that were marketed during the financial crisis of the 2000s.
In 2009, the FTC took legal action against individuals John Beck, John Alexander, and Jeff Paul, along with marketers Gary Hewitt and Doug Gravink, for their involvement in these deceptive schemes. The products were sold under various names such as “John Beck’s Free & Clear Real Estate System,” “John Alexander’s Real Estate Riches in 14 Days,” and “Jeff Paul’s Shortcuts to Internet Millions.” The FTC's complaint highlighted that these programs did not deliver on their promises of easy money, leading consumers to incur losses after purchasing kits, subscriptions, and costly coaching.
Following litigation, a court sided with the FTC's allegations and mandated that the defendants refund the affected consumers. As part of this resolution, checks are being sent to approximately 39,500 consumers who should cash them within 90 days as noted on each check. Those with inquiries about their payment can reach out to Simpluris at 866-675-3049 or visit the FTC website for further information.
In 2024 alone, FTC efforts resulted in over $339 million being refunded to consumers nationwide. The Commission also provides an interactive dashboard offering a state-by-state breakdown of these refunds.
The FTC continues its mission to foster competition while safeguarding consumer rights through education and protection initiatives. It reassures consumers that it will never request money or personal account details for refunds. More information about consumer issues is available at consumer.ftc.gov. Fraudulent activities can be reported at ReportFraud.ftc.gov.
