MOBE victims receive $23 million in recovery from FTC
Back in June 2021 the MOBE Receivership announced it had returned $15.2 million to the FTC for distribution.
After a period of uncertainty, the FTC has announced $23 million has been paid out to MOBE victims.
As per the FTC’s press-release, $23 million will be distributed to over 37,000 MOBE victims.
Payments are going out through PayPal, with the FTC advising victims who would instead prefer to receive a check reach out to them.
If you get a PayPal payment, please accept it within 30 days.
If you get a check, please cash it within 90 days.
I’m not sure on the specifics of the ~$8 million difference between what the Receivership turned over and what the FTC paid out.
As a point of interest, the FTC also hasn’t disclosed how distribution payments were calculated.
BehindMLM readers have reported distribution payments covering approximately 10% to 20% of MOBE losses.
Covering some bases:
1. If you haven’t heard anything from the FTC there’s a number to call in the linked press-release.
2. If you’re a MOBE victim reading this in the future and “dog ate my email address, nobody contacted me, I lost monopoly money in my backoffice that didn’t exist etc. etc.”, there is no process for late payments. You missed out.
Hi I am Deepal Maris Rodrigo from Sri Lanka
What about my share I paid twice it should be doubled. When I get paid hope you will do soon.
Deepal Rodrigo
(Ozedit: phone number removed)
This is a question for the FTC.
Why don’t you do bank transfers I think it is safe.
(Ozedit: snip, see below)
I don’t know if this is an English thing or what. BehindMLM is not the FTC. BehindMLM has nothing to do with MOBE distribution payments.
Posting your private information here isn’t going to get you anywhere. Any further nonsense will be marked as spam.
Bro I cannot thank you enough for these Mobe articles… I was a victim myself and because of this article I checked the old email I used for Mobe and sure enough, April the 5th I had over $1k sent to my Paypal account!
Not nearly what I lost but good looking out for people bro… thanks again.
No worries, glad to hear it worked out.
I have not received anything from the FTC Redress of MOBE I spent over $140,000 in that scam how do I get my part of the settlement?
Did you repossess the resort he bought with our money in Costa Rica and the Island he bought in the south Pacific? They have to be worth several million each.
@Don
See comment #1.
See here – https://behindmlm.com/companies/mobe/matt-lloyd-cops-318-mill-mobe-fraud-ftc-judgment-order/
As I understand it Lloyd bought back the resort through a third-party.
Don a few years ago when it happened I immediately reported it to the FTC when this website brought it up… all it took was the email address I registered with that scam ass company and that’s it.
More or less I confirm the percentage of distribution reported by other users.
On April 6th I got 1,161.45$ back out of approximately 12.5k$ invested in this unfruitful scheme.
The sum accounts for about 9% of the overall money transferred to MOBE.
There might be a second minor distribution in the future, according to the FTC.