Back in June 2021 the MOBE Receivership announced it had
returned $15.2 million to the FTC
for distribution.
After a period of uncertainty, the FTC has announced $23 million has been paid out to MOBE victims.
As per the FTC’s press-release, $23 million will be distributed to over 37,000 MOBE victims.
Payments are going out through PayPal, with the FTC advising victims who would instead prefer to receive a check reach out to them.
If you get a PayPal payment, please accept it within 30 days.
If you get a check, please cash it within 90 days.
I’m not sure on the specifics of the ~$8 million difference between what the Receivership turned over and what the FTC paid out.
As a point of interest, the FTC also hasn’t disclosed how distribution payments were calculated.
Daily Exposed readers have
reported
distribution payments covering approximately 10% to 20% of MOBE losses.
🤖 Quick Answer
What was the total amount distributed to MOBE victims by the FTC?The FTC announced a distribution of $23 million to compensate MOBE victims. This payment reached over 37,000 affected individuals, following the MOBE Receivership's return of $15.2 million to the FTC in June 2021 for distribution purposes.
How can MOBE victims receive their recovery payments?
The FTC distributed payments primarily through PayPal, with recipients required to accept payments within 30 days. Alternatively, victims could request checks, which must be cashed within 90 days. The FTC provided guidance for those preferring check payments over digital transfers.
What information did the FTC disclose about payment calculations?
The FTC did not publicly disclose the specific methodology or criteria used to calculate individual distribution payments to MOBE victims. The agency maintained confidentiality
🔗 Related Articles
- Keep It 100’s Terrence Pounds indicted for C-19 loan fraud
- Quantex securities fraud warning from UK
- $39.1 million returned to Zhunrize Ponzi victims
- AdGoggle Review: Paid to click mobile ads
- Agel Review: Gelceutical nutrient gels & autoship