FTC sends second payment to people who paid for investment advice
The FTC is sending a second round of payments to people who paid money to WealthPress, an investment advice company.
The FTC sued WealthPress along with two of its owners, Roger Scott and Conor Lynch. According to the lawsuit, WealthPress sold its investment advice by claiming that clients would make a lot of money. The FTC says that WealthPress didn’t have support for these claims and that many WealthPress clients lost money.
As a result of the lawsuit, the defendants paid money and banned from making any claims about earnings without having written support to back up those claims.
The FTC first sent payments in April 2024, which resulted in more than $978,000 paid. Because there is still money remaining in the fund, the FTC is sending 6,290 payments totaling more than $177,000 to people who accepted their first payment and paid WealthPress $2,500 or more.
If you get a check, please cash it within 90 days.
If you get a PayPal payment, please accept it within 30 days.
You can find answers to common questions about FTC refund payments on our FAQ page. If you have any other questions, please call the refund administrator at 1-877-231-0641.