The receiver, Mark Bernet has recovered over $14.3 million to date. $6.3 million is coming from a credit card processing company and its acquiring bank, after he obtained an order from Judge Dalton commanding them to turn the money over.
That order is posted on this website, and can be viewed HERE. The card processor and bank intend to appeal Judge Dalton’s order. The FTC and Mark Bernet both will defend the order on appeal.
He has several other potential sources of recovery that he is pursuing. This may include lawsuits against third parties.The Court has not yet established a claims process. Please continue to monitor this websites for updates.
The receiver for the FTC has concluded that MOBE cannot be operated legally and properly. For that reason, MOBE has been completely shut down.
The Receiver’s investigation confirms that this allegation is true: Virtually all of the consumers with whom the Receiver has communicated did not earn back the amounts they paid to purchase MOBE memberships. This is not to say that all MOBE members lost money utilizing the MOBE program.
For example, Michael Williams and Michael Giannulis reportedly earned over $23 million, and were awarded Rolex™ watches and platinum rings in May, 2018 by the Defendant McPhee. Similarly, the Defendant Whitney reportedly earned several million dollars through the MOBE programs. These, however, are exceptions.