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.
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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.
The MOBE Receiver and Matt Lloyd McPhee appear on the verge of a settlement, prompting the FTC to file for a stay on all MOBE related proceedings.
Back in February default was entered against Matt Lloyd and the MOBE corporate defendants. Citing communication misunderstandings, Lloyd managed to get his entry of default set aside in April. Default against the MOBE corporate defendants still stood however, prompting the FTC to file for default judgment in early May. In a July 1st order the [Continue reading…]
A June 11th Case Management and Scheduling Order has locked in a May 2020 MOBE trial date. Settlement negotiations between the FTC and MOBE owner Matt Lloyd came to a standstill, following Lloyd’s refusal to give up sizable foreign assets.
Following a fight over handing back funds fraudulently obtained via MOBE, the Receiver has discovered new potential clawback claims against Synovus Bank and QualPay. Talk about kicking an own goal…
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.
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.