A May 10th Case Management Report has revealed a proposed 2020 MOBE trial date. Matt Lloyd McPhee’s response to production of evidence also suggests he might be anticipating criminal charges.
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Following an entry of default recorded against Matt Lloyd McPhee on February 1st, McPhee filed to have it set aside. McPhee’s motion was granted on April 19th.
The FTC initially estimated MOBE scammed people out of at least $125 million. Based on ongoing forensic accounting efforts by the Receiver, that figure has now jumped to $318.5 million.
A fortnight ago we reported that Matt Lloyd McPhee had filed an answer to the FTC’s MOBE lawsuit. Lloyd’s answer was filed well past the deadline, in addition to the FTC having already filed for and being given an entry of default. On the basis of his having now filed an answer, Lloyd also filed [Continue reading…]
Following a Motion for entry of clerk’s default by the FTC on February 1st, default has been entered against Matt Lloyd, MOBE and several MOBE related entities.
Trump’s government shutdown has wreaked havoc on scheduling for active FTC lawsuits. One such lawsuit is FTC vs. MOBE, in which a Judge has bizarrely ordered the FTC to continue trying without lawyers.
Lawyers for top MOBE affiliate Russell Whitney have confirmed Whitney passed away on November 20th. The revelation was made seeking an extension of time for Whitney to reply to the FTC’s lawsuit. The motion was granted, staying Whitney’s response in favor of a joint notice or motion detailing a proposed course of action.
In an attempt to retain almost a million dollars fraudulently obtained through MOBE, Peoples Trust in Canada decided the preliminary injunction didn’t apply to them. This prompted a lawsuit against Peoples Trust by the MOBE Receiver, which is currently playing out in the Superior Court of Quebec.
Three and a half weeks ago a preliminary injunction was granted against MOBE founder Matt Lloyd. “About 3 weeks ago” Lloyd created the “Scale Fast Secrets” private Facebook group.
Rather than accept an August 8th ruling denying them $6.3 million in stolen MOBE victim funds, Qualpay and Synovus Bank have filed an appeal. The previously granted TRO directed MOBE’s bank and payment processors to turn over any funds related to the business to the Receivership.