MOBE SHUT DOWN BY FTC on 06/04/18

MOBE which stands for My Online Business Education owned and created by Matthew Lloyd McPhee who brought his virtual training program to the online marketplace in 2011.

On June 4, 2018, it was shut down by the FTC (Federal Trade Commission). An FTC investigation into MOBE has been ongoing; and currently, every MOBE corporate website is down. Here’s what we know.

MOBE is an online business training company that was created by an Australian entity known as Matthew Lloyd McPhee

On Monday, June 4, 2018, the Federal Trade Commission, an agency of the United States of America (“FTC”), filed a civil lawsuit against the following persons and entities:

  • MOBE Ltd., d/b/a MOBE, d/b/a My Online Business Education, d/b/a My Own Business Empire (Malaysia)
  • MOBEProcessing.com, Inc. (US)
  • MOBETraining.com, Inc. (US)
  • Transaction Management USA, Inc. (US)
  • MOBE Pro Limited (UK)
  • MOBE Online Ltd. (Mauritius)
  • 9336-0311 Quebec, Inc., d/b/a Business Education Training (Canada)
  • Matt Lloyd Publishing.com, Pty Ltd., d/b/a Matt Lloyd Publishing, d/b/a Home Business Builders (Australia)
  • MOBE Inc. (Panama)
  • Matthew Lloyd McPhee, a/k/a Matt Lloyd, a/k/a Matthew Lloyd
  • Russel W. Whitney, Jr.; and
  • Susan Zanghi

The lawsuit, which is styled Federal Trade Commission v. MOBE Ltd., et al., case no. 6:18-cv-862, is pending in the United States District Court for the Middle District of Florida, Orlando Division. In the lawsuit, the Court has entered an order that enjoins the Defendants from certain activities and appoints a receiver for the companies listed above.

As with any job, research on the company must be done; Although many individuals working through this company were generating huge incomes, there had to be something that stood out to the FTC to shut them down and issue a temporary restraining order against them.

Something like this can get tied up in the court system for a long period of time. Hopefully, for Matt Lloyd and everyone else involved, everything that was done, was actually done legally and this will be settled in a short time and they can get back to business. Something like this can ruin a reputation for the business and owner.

My thoughts and prayers go out to each individual who invested money no matter the amount into this company, only to have had it frozen and potentially lost forever. For now, we’ll stay tuned!

DISCLAIMER: I am not an Attorney nor am I providing legal advice of any type.