FTC Secures Initial Win in Small Business Finance Scheme Case Against Seek Capital

On February 20, 2025, the Federal Trade Commission secured an initial win in its case against Seek Capital and its founder, Roy Ferman. The U.S. Court for the Central District of California granted a preliminary injunction, prohibiting Seek Capital from making false claims about small business loans or lines of credit and from contacting consumers whose information was obtained before February 20, 2025.