FTC Action Leads to Ban for Ganadores Real Estate and Income Scam, its Owner, and Managers

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Summary:

The Federal Trade Commission (FTC) has filed a lawsuit against a business opportunity scam, known as Ganadores Online and Ganadores Inversiones Bienes Rau00edces, which targeted Spanish-speaking consumers with false promises of financial freedom. The scam, led by companies and individuals, including Richard and Sara Alvarez, and an employee, Bryce Chamberlain, promised consumers that they could earn a significant income through online businesses and real estate investments. The FTC has proposed court orders that would shut down the scam, permanently ban the defendants from offering business coaching, and require them to turn over millions of dollars in assets to provide refunds to harmed consumers. The orders also prohibit the defendants from repeating the unlawful practices and make provisions for the defendants' financial inability to pay the full amount of the judgment.

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