Additional Information for Ganadores Inversiones Bienes Raices

On January 17, 2024 the FTC released the following information… A Federal Trade Commission lawsuit has led to the permanent end to a business opportunity scam known as Ganadores Online and Ganadores Inversiones Bienes Raíces that targeted Spanish-speaking consumers with brazen and false money-making pitches for online businesses and real estate investments. The settlements include two proposed court orders: one order against the companies and Richard Alvarez and Sara Alvarez; and the other order against Bryce Chamberlain. Both orders include a number of key provisions:

Ban on ecommerce and real estate coaching: The order would permanently ban the defendants from offering any business coaching on ecommerce or real estate.

Prohibition on misleading earnings claims: The orders would require the defendants to be able to back up claims they make about how much consumers can earn using any product or service that the defendants market or sell.

Prohibition on other practices: The orders would specifically prohibit the defendants from repeating the unlawful practices that they engaged in.

Turn over assets: The order against the companies and the Alvarezes would require them to surrender funds, real estate, and other assets with a total value of approximately $6 million. The order against Chamberlain requires him to turn over $35,000 to the FTC.