{"id":43713,"date":"2024-01-17T16:36:25","date_gmt":"2024-01-17T21:36:25","guid":{"rendered":"https:\/\/d56fg8tfg.fitnews.club\/finance\/ftc-action-leads-to-ban-for-ganadores-real-estate-and-income-scam-its-owner-and-managers\/"},"modified":"2024-01-17T16:36:25","modified_gmt":"2024-01-17T21:36:25","slug":"ftc-action-leads-to-ban-for-ganadores-real-estate-and-income-scam-its-owner-and-managers","status":"publish","type":"post","link":"https:\/\/d56fg8tfg.fitnews.club\/finance\/ftc-action-leads-to-ban-for-ganadores-real-estate-and-income-scam-its-owner-and-managers\/","title":{"rendered":"FTC Action Leads to Ban for Ganadores Real Estate and Income Scam, its Owner, and Managers"},"content":{"rendered":"
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A Federal Trade Commission lawsuit has led to the permanent end to a business opportunity scam known as Ganadores Online and Ganadores Inversiones Bienes Ra\u00edces that targeted Spanish-speaking consumers with brazen and false money-making pitches for online businesses and real estate investments.<\/p>\n

Under the terms of proposed federal court orders, several defendants in the case\u2014including the companies behind Ganadores, the companies\u2019 owners and managers Richard and Sara Alvarez, and an employee who played a key role in the marketing of the scheme, Bryce Chamberlain\u2014 will be permanently banned from selling ecommerce or real estate coaching services and will be required to turn over substantial assets to the FTC, which will be used to provide refunds to consumers harmed by the scam.<\/p>\n

\u201cGanadores scammed hard-working people with false promises of financial freedom, leaving many consumers with nothing but crushing credit card debt,\u201d said Samuel Levine, the Director of the FTC\u2019s Bureau of Consumer Protection. \u201cWe have taken decisive action to end that egregious conduct and recover ill-gotten gains, and we will continue to vigorously pursue those who engage in violations of the laws we enforce.\u201d<\/p>\n

The FTC sued Ganadores in June 2023<\/a>, charging that the scam targeted Spanish-speaking consumers with false or unfounded earnings claims and other deceptive promises relating to business opportunities, including that its \u201cinfallible system\u201d could help consumers find financial freedom, replace their day jobs, and give their families financial independence. The complaint charged that after consumers paid significant amounts\u2014sometimes tens of thousands of dollars\u2014for training and coaching, they discovered that Ganadores failed to deliver the training and mentoring that they promised and that they did not make any money.<\/p>\n

When consumers realized that Ganadores\u2019 promises were false and sought refunds, the defendants often refused, telling consumers they had only three days to seek a refund. The complaint also charges that while the company\u2019s marketing and sales were conducted largely in Spanish and many of its targeted audience had limited or no English fluency, the company\u2019s contracts with consumers, including key disclosures, were often provided exclusively in English.<\/p>\n

The settlements include two proposed court orders: one order against the companies and Richard Alvarez and Sara Alvarez<\/a>; and the other order against Bryce Chamberlain<\/a>. Both orders include a number of key provisions:<\/p>\n