Money Now Funding Refunds: Only from the FTC
In the summer of 2015, the FTC won its lawsuit against thirty-two telemarketers including Money Now Funding LLC. The defendants took more than $7 million from people through a work-at-home scam. They told people they could earn money by referring local merchants to a non-existent money-lending service. The scammers claimed their “business opportunities” would yield up to $3,000 per month, but only after people paid $499 for the business opportunity and thousands of dollars more for business leads.
Recently, callers have told people who lost money to Money Now Funding that they could help them get refunds — for a fee. Those calls are scams. Only the FTC can provide refunds. In fact, in spring 2017, the FTC will start sending partial refunds to some people who lost money to Money Now Funding, and we won’t charge a fee.
You don’t have to do anything to get a refund. The FTC will use information collected from Money Now Funding, Nationwide Lending, Green Merchant Funding and Cash for Businesses to identify who is eligible. If you believe that you are eligible for a refund and want to see if your name is on the list, please contact the FTC’s refund administrator at 1-800-419-5336. For updates on when the refunds will be available, you can check back regularly on the FTC Refunds page.
If someone calls you and says they can help you get a refund for a fee, please hang up and report it to the FTC.
Note: In February 2017, the FTC is mailing 2,031 checks totaling over $436,000 to people who lost money to Money Now Funding. The average check is $214.68 and recipients should deposit or cash checks within 60 days.
If you have any questions about the case, contact the FTC’s refund administrator, Rust Consulting, Inc., at 800-419-5336. To learn more about the FTC’s refund program, visit www.ftc.gov/refunds.