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Federal Trade Commission v. OTA Franchise Corporation et al
Case Number:
8:20-cv-00287
Court:
Nature of Suit:
Judge:
Firms
- Amin Wasserman
- Barron & Newburger
- Call & Jensen
- Davis Wright Tremaine
- McNamara Smith
- Mitts Law
- Venable LLP
Government Agencies
-
September 14, 2020
CORRECTED: FTC Settles With 'Online Trading Academy'
The Federal Trade Commission has reached a settlement with the company behind a trading program known as Online Trading Academy, which includes a $362 million judgment that the agency has agreed to forgo so long as OTA hasn't misrepresented its assets and three of its officers pay smaller monetary judgments.
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February 12, 2020
FTC Says Bogus 'Trading Academy' Is A $370M Scam
A purported investment training program called Online Trading Academy raked in $370 million by lying about its success to lure prospective retirement-age students into paying up to $50,000 per class, the Federal Trade Commission said in a California federal court complaint Wednesday.