MOBE Receiver claims Matt Lloyd in hiding
On June 5th a Florida District Court Judge appointed a temporary MOBE Receiver.
The Receiver has taken control of MOBE’s assets and will work towards an eventual distribution of losses to Matt Lloyd’s victims.
In the meantime Lloyd himself appears to be in hiding.
As I write this the MOBE Receiver has hooked up a placeholder website to the MOBE domain. Presumably this will be updated to a more user-friendly template at a later date.
In the meantime visitors are directed to another domain, on which a FAQ has been published.
The second-last question in the FAQ relates to Lloyd (right) since the June 5th order was made.
Where is Matt Lloyd?
Matt Lloyd’s real name is Matthew Lloyd McPhee. He turned 31 in January of 2018.
He is an Australian national but he lives now in Kuala Lumpur, Malaysia.
He has maintained a very low profile since the lawsuit was filed; in particular, he has refused to contact the Receiver concerning this matter, despite the Receiver’s efforts to contact him.
If anyone locates Mr. McPhee, please ask him to contact the Receiver.
How long Lloyd intends to remain in hiding is unclear.
Certainly at this point he’s aware non-cooperation with the Receiver and ignoring the FTC’s lawsuit could lead to greater penalties.
Two other important questions addressed by the Receiver include:
- MOBE affiliates should immediately cease payments to the company
- plans to attend MOBE events (including affiliate expenses such as travel and accommodation) should be cancelled – there won’t be any events and
- affiliates continuing to promote of MOBE on social media are violating federal law
As we’ve previously reported, the MOBE preliminary injunction hearing is scheduled for June 26th.
As with Digital Altitude, it is expected the TRO will be converted into a preliminary injunction and the Receivership appointment made permanent.
He’s only age 31? People twice his age have been following him throwing him all sorts of accolades.
What a joke. Hope he has that island of his finished and well-fortified. He might be there for awhile.
There’s no fool like a late-middle-aged fool.
I have noticed that 50- and 60-somethings can be just as vulnerable as 20- and 30-somethings to get-rich-quick schemes.
The most common scenarios are either recent divorce, or approaching retirement and having just realised that the $80,000 they have saved in their pension is basically f-all.
Just gotta laugh at commentators who know nothing about MOBE and making assumptions on incomplete information. That’s not how justice works hun.
4500+ pages of submitted evidence resulting in the granting of an injunction and overwhelming likelihood of the FTC prevailing at trial?
Yeah that’s exactly how justice works, hun.
I remember asking Terry Lamb about MOBE and to explain to me what it was all about. The scammer blocked me for asking very simple questions.
That was a few years back. I think his reaction/response was one of the tell tale signs that this was a complete scam. It took a while for this to get shut down.
One thing that has always confused me about MLMs that actually have a product worth purchasing is why when the product has value do they risk the side of MLM that says the product doesn’t matter?
If this product is as fantastic as many comments have said then why the incentive at all? Wouldn’t people bring the company business based on the quality of the product like in word of mouth?
And why the cost increase when you reach Step 7 as in the Bait and Switch con where you are sucked in with an initial fee without being told the product cost increases as you progress?
People must have learned by now from the repeated conferences with these snakes is “the product doesn’t matter” because they have said that on so many occasions and most recently in the BitConnect event.
Read between the lines. You paid for training and then you were trained to resell the same product to the next sucker. If you had the drive you could’ve easily obtained the same information outside MOBE had you looked for it just like Empower Network who were charging a monthly fee to access the open source WordPress script.
The high percentage in retail that has been stated is probably down to the Bait and Switch tactic that prevented them from shelling out more in order to resell the product.
Initial purchase then a long time spent ‘educating’ yourselves only to be hit with another charge at Step 7 and you decide not to purchase. Because you didn’t become an affiliate you became retail but not through a free choice and instead deceptive marketing.
Change the goalposts and you can manipulate any statistic.
OZ…..Great work. Keep us updated because the company is silent. For good reason.
In the FTC TRO, I could not see any allegation of running a “pyramid scheme.” Did you?
You can defend that but the allegations made are more serious. Your comments?
I’m just amazed that the people who actually controlled MOBE, Athar Roshan and Russell Whitney Sr, are not named.
Funny considering they, along with Simon Tseng & Stella Thavarakam who were given some partial ownership rights in Malaysia – seem to be getting away with all their thievery scott-free.
Looks like the FTC will be working overtime with Interpol to track all these shysters down and all the money and accounts they’ve shut down that were to pay staff and affiliates will be funding it.
There won’t be anything left for payouts by the time the FTC and Receiver lines their pockets.
He just recorded an “Ask Matt Lloyd” video on his YouTube channel 5 days ago. From Serenity Island. Probably not too difficult to actually find him.
Since Herbalife the FTC have avoided using the term “pyramid scheme”.
There’s no mention of retail sales so one can assume 100% of MOBE members are affiliates, which as far as MLM regulation goes makes it a pyramid scheme.
Basically if you took a snapshot of MOBE’s company-wide revenue at any given time, most of it is from affiliates who were pitched on fraudulent and misleading income potential claims.
Much easier to nail him on “deceptive practice”.
Thanks K.Chang and OZ. Do you think (ala Zeek) that people who made money will be chased down to repay it?
I must be the rare exception. I bought in for the training and coaching. Never promoted it but might have in the future.
I am building my own company not MLM or Affiliate, and just wanted to polish up by knowledge and understand the business and the sector.
I am so glad I didn’t promote.. I would have lost friends. (Ozedit: Solicitation removed)
Far too early to make a call on whether the Receiver will pursue clawbacks.
i dont know who is justice league but is someone with real info in company re athar roshan.
he is cosinner with matt lloyd on bank accounts their hiding from everyone.
he and matt have done nothing but try to hide the monies. now let them pay. u lie u get punish.
Mobe is not MLM, it is a model used by companies where they enticed you with low entry fees, like $49, then when you are in, if you want to make money in higher ticket products, you must buy them if not, you cannot make money.
For example, if you only have the $49 membership, and somebody buy a higher priced product, you get ZERO unless you have that product.
This is a model used for many years, by popular companies like the empower network. I am surprised that it took so long for the FTC to get involved.
MLM compensation plan = MLM company.
Which in MLM is a pay to play pyramid scheme.
As Oz points out, it IS but, what difference would it make if it wasn’t ?
You obviously haven’t read either the FTC complaint or the 4500 pages of supporting evidence, or you’d know whether MOBE is an MLM or not has nothing to do with the allegations.
You’d also know the fact that while some aspects of the MOBE business plan may be “LIKE” other businesses, it’s the parts which “AREN’T like other businesses that have lead to the complaint and injunction.
Digital Altitude had a similar tier structure, and “coaches” who were heavy on upselling, but MOBE included Mastermind events as part of the offering.
The speakers and content at those events went “way” beyond simply touting promoting MOBE on the internet – and the quality of the speakers at those events was significant.
The FTC TRO request downplayed that those events were the backbone for the purchase of each level – which no doubt will be what MOBE presents to the judge on June 26th so as to stave off an injunction.
That is a “major difference” between these businesses.
@Steve
Digital Altitude had bs overpriced events as part of their offering too.
Doesn’t matter, fraudulent income claims + no retail sales = byebye.
“STEVE” is yet another MOBE apologist who hasn’t bothered to read the FTC TRO and show cause notice.
46 pages of carefully researched evidence with supporting documentation, yet “STEVE” wants us to believe it will come down to a value for money argument.
Does anybody have an update regarding the outcome of the June 26 court hearing?
Are people supposed to report to the FTC individually if they lost money in MOBE? Asking for a friend… 😉
Prelim injunction hearing has been delayed till July 17th.
You’ll be able to file a claim with the Receiver when the time comes (at least 12 months off).
How do I contact the Receiver to document what I lost? I have already filed a complaint with the FTC.
Thanks
I suspect the Receiver is waiting for the outcome of the preliminary injunction. After which you’ll be provided further details.
Matt is not short on brains or cash. He has many supporters.
He will put up a great fight. I am fascinated. Let’s watch how it plays out.
Outside of MOBE, what cash? Anything Lloyd made through MOBE is frozen and he no longer has access to it.
And historically courts deciding on FTC matters haven’t particularly cared how many supporters a pyramid scheme or the scammer running it has.
One wonders how “supportive” they will be when they learn it is illegal to participate in OR organize a pyramid scheme in the USA.
I sadly bought into this, silly me I know… but hind sight is 20/20.
When/when/how can we demand our monies back… if at all? Thanks in advance.
When the Receiver has proposed a claim process and it’s accepted by the court.
After starting at the low entry of $49, I was ‘upsold and I “bought in”.
For the next level, if memory serves me correctly, this cost me around $2,500.
Is ther any chance of recompense or is that money gone forever? I would appreciate some guidance on what to do if there is a chance of geting some of my money back.
You might get some of your money back when the Receiver is ready to put together a claims portal.
There is currently no timeline for this.
I rote to the FTC and did not get a response. My loss is $ 4k.
How does one get updates on this matter?
The FTC don’t handle victim claims, the Receiver does.
There’s no claims process yet so no point in bugging them either.
Updates regarding claims are typically sent out via the participant email database recovered by the Receiver. Or you can keep tabs on the Receiver’s website.
BehindMLM also reports on MOBE but we might not be up to the minute up to date.
To the FTC,
I would like to know how I can put my name on the list to see about re-couping my losses.
Respectfully,
David Pfiffner
There is no list.
I would like to recoup monies that I have lost through this scheme.
If I was late in making any payments, I was chased mercilessly with reminders of how much I owe MOBE
There’s currently no claims process.
why was there no mention of mobe processing company in Florida, this is where I called Chase bank wire tranfer from my bank.
I need my money back Mr. Mark Barnett Receiver. its been a night mare for us paying back money to lenders I owe more than I care to mention.
they owe me so much money I am sick of waiting. How is it that he is in hiding, when you granted him to be able to buy back resorts that was purchased with the money? supposedly his attorneys took payments attorney fees, and vacated is this true?
Matt Lloyd should be made to come face to face with the people he has scammed.
You won’t be getting your money back.
If you have a valid claim and didn’t wire your money to some random account in Florida, you’ll get something back eventually.
Don’t ask, there is no timeline.
PS. the resorts were stripped via settlement. Lloyd didn’t get to keep anything.
Hello, I bought all the way to platinum. Some money was made as long as traffic was purchased.
I reinvested all of the money except for a few hundred dollar’s too help pay expenses. The last amount that was made from traffic was over 7,000.00.
Sound’s great! Money was never received.
I really don’t expect anything from this adventure. I just hope these people can’t go else where and start the same practice over again.
Matt Lloyd or what ever his name is will get his. I really don’t wish him any harm, but it would be nice too have an apology and a refund!!!! Evon Bye