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.
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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.
Top MOBE affiliate Steven Bransfield has revealed the FTC is going after him. The revelation was noted by the MOBE Receiver in his latest August 29th update report, following Bransfield’s bankruptcy filing.
Following a hearing held on August 2nd, MOBE case proceedings have been stayed for 90 days. The request for a stay was made last week, amid ongoing settlement negotiations between MOBE owner Matt Lloyd McPhee and the FTC.