Following the withdrawal and denial of the last outstanding claims, the MOBE Receiver is working towards concluding the receivership estate so that he can move to be discharged. Part of that process will see $15.2 million transferred to the FTC for eventual victim distribution.
MOBE @ BehindMLM
As per a January 6th order, MOBE’s non-consumer creditors were directed to file claims for payment consideration. As per a report filed by the MOBE Receiver on April 22nd;
A proposed settlement between Synovus Bank and the MOBE Receivership was filed on September 17th. If approved, the settlement will effectively end Synovus’ campaign to retain $6.3 million in MOBE victim’s funds.
MOBE’s payment processor QualPay has settled fraud charges with the FTC. The settlement includes a $46.7 million dollar suspended monetary judgment.
Matthew Lloyd McPhee has been handed down a $318 million dollar final judgment.
After the FTC shut down MOBE, promoters Michael Giannulis (aka Mike Antoni) and Michael Williams launched their own clone scam. It’s taken a year and a half, but the FTC has finally moved to shut My Ecom Club down.
MOBE promoters Steven Bransfield, Michael Giannulis, Michael Williams, Gar Leong Chow and Scott Zuckman, have been hit with final judgments topping $41 million dollars.
Orders filed on December 19th have approved the proposed settlement between the Receiver and MOBE owner Matt Lloyd McPhee. QualPay’s and Synovus Bank’s long-running campaign to acquire millions in fraudulently obtained funds also appears to be finally over.
Russell Whitney’s estate has settled with the FTC. As part of the settlement, a $1,428,616 monetary judgement has been awarded.
Following “lengthy negotiations” between Matt Lloyd McPhee and the MOBE Receiver, a settlement was reached a few months back. In a September 6th court filing, the Receiver has now revealed details of the proposed settlement.