FTC shuts down MOBE

[Andy Black]

I’ve never heard of MOBE, but we’ve certainly seen their business model before...

FTC Action Halts MOBE, a Massive Internet Business Coaching Scheme

FTC alleges MOBE tells a whale of a tale with misleading money-making claims

 

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[Lex DeVille]

I’ve never heard of MOBE, but we’ve certainly seen their business model before...

FTC Action Halts MOBE, a Massive Internet Business Coaching Scheme

FTC alleges MOBE tells a whale of a tale with misleading money-making claims

Ha.

That's awesome.

 

[Guest92dX]

Yeah, I learned my lesson the hard way. Luckily, I didn't buy any courses or sign up for any programs.

If it's not a hard skill then the claims can't be backed up.

I do think there are good guys out trying to help people though.

The common theme I've heard and read in every business story worth listening to is that there is a serendipitous moment where circumstance, chance, effort, and everything blend. Then it's an over night success story.

Yet, everything they did led up to that point. So mileage varies.

 

[juba.hadjal]

I’ve never heard of MOBE, but we’ve certainly seen their business model before...

FTC Action Halts MOBE, a Massive Internet Business Coaching Scheme

FTC alleges MOBE tells a whale of a tale with misleading money-making claims

Actually, three years ago I wrote a review about MOBE and I was pretty skeptical about their legitimity. It was massively advertized by John Chow a well known guru (blogger) their biggest seller (affiliate). There were multiple white label products of about 3000$ each.

I thought that an american living in indonesia was suspicious as it is a fiscal paradise.

Hopefully, people won't fall for this scam again.

 

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[MJ DeMarco]

How ironic that I just posted this ...

And I had no idea one of these "envelope stuffing scams" was busted.

 

[MJ DeMarco]

I’ve never heard of MOBE, but we’ve certainly seen their business model before...

FTC Action Halts MOBE, a Massive Internet Business Coaching Scheme

FTC alleges MOBE tells a whale of a tale with misleading money-making claims

Oh look there, Russ Whitney is listed as a defendant. Call me NOT shocked.

 

[Vigilante]

Oh look there, Russ Whitney is listed as a defendant. Call me NOT shocked.

I thought we'd see a few more familiar names on there.

 

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[Vigilante]

How ironic that I just posted this ...

And I had no idea one of these "envelope stuffing scams" was busted.

View attachment 19781

What if the guru wrote a few books on how to be a guru? Does that count towards legitimacy?

 

[biophase]

Would be interesting to see John Chow's next monthly income report.

 

[SquatchMan]

It looks like it operated as an alleged pyramid scheme.

Anyway, the top guy will likely get sued/fined and/or go to jail (probably no jail in this case). Company will get dissolved. Feds will parade it as a victory.

The rest of the top affiliates and execs will reemerge with a new scam in a year when the dust settles. They wouldn't keep doing it if there wasn't a market for it.

 

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[ipsofacto]

I randomly met Matt Lloyd several years ago without knowing who he was. After talking with him I still didn't understand affiliate marketing (sounded like a pyramid scheme after I googled it for 10 minutes but that's as much research as I did). I can't really speak to his character but I do know he worked his a$$ off for years 100+ hour work weeks and was raking in over $70 million a year in revenue. He was buying resorts on some Pacific island like Fiji or Bora Bora. Looks like things did not turn out well for him though (and it was a pyramid scheme lol). So he is Fast Lane in work ethic, but not business ethics ... and that's how you end up on the dark side

 

[HackVenture]

First thing I did when I first heard this news was head to John Chow's blog but unfortunately he didn't mention anything.

Wonder what he's gonna do.