To qualify for payment from the cash Settlement Fund you must submit a Claims Form online here, fill it out and email it to [email protected] no later than May 17, 2021, or fill it out and mail it postmarked no later than May 17, 2021 to: AdvoCare Class Action Settlement Administrator P.O. Box 2007 Chanhassen, MN 55317-2007
Full Answer
Will I get my money back from the AdvoCare pyramid scheme?
Thanks to the FTC’s lawsuit, starting May 5, 2022, more than 224,000 people who lost money to the AdvoCare pyramid scheme will be getting checks or PayPal payments. If you get a check or PayPal payment from FTC v. AdvoCare, cash or accept it quickly. Refund checks will expire on August 3, 2022 (90 days after being sent.)
How much will AdvoCare pay to settle FTC pyramid charges?
Linkedin Email Print Consumer News AdvoCare to Pay $150 Million to Settle FTC Pyramid Charges Share Facebook Twitter Linkedin Email Print This is a developing story. Refresh this page for updates.
What happened to AdvoCare International?
The FTC is returning more than $149 million to people who lost money to AdvoCare International, a former multi-level marketer that the FTC says operated a pyramid scheme disguised as a business opportunity and swindled hundreds of thousands of people who signed up to be distributors of its health-and-wellness products.
What does the AdvoCare settlement mean for consumers?
As part of the AdvoCare’s settlement, the $150 million dollar fine will go towards victims getting “some of their money back from the FTC”. AdvoCare is also required to honor a 100% refund offer on unused products.
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How do I get my AdvoCare settlement check?
If you don't have a PayPal account and would prefer to get a check, call 1-855-744-1802. If you get a check, please cash it within 90 days. Visit the AdvoCare Refunds page for more information. The refund administrator, Analytics, is available at 1-855-744-1802 if you have questions.
How much is my AdvoCare settlement?
The Federal Trade Commission is returning $149 million to consumers who lost money acting as distributors for Advocare, a former multi level marketing company deemed by regulators to have been an illegal pyramid scheme. Advocare entered into a $150 million settlement with FTC in 2019.
Will I get a check from AdvoCare?
If you don't have a PayPal account and would prefer to get a check, please call 1-855-744-1802. If you get a check, please cash it within 90 days. You can find answers to common questions about refund payments on our FAQ page. If you have any other questions, please call the refund administrator at 1-855-744-1802.
How do I check my FTC refund?
You can find and verify the phone numbers for FTC refund programs at ftc.gov/refunds.
Will I get a check from AdvoCare lawsuit?
Thanks to the FTC's lawsuit, starting May 5, 2022, more than 224,000 people who lost money to the AdvoCare pyramid scheme will be getting checks or PayPal payments. If you get a check or PayPal payment from FTC v. AdvoCare, cash or accept it quickly.
Is the FTC sending out checks?
The Federal Trade Commission, through its refund administrator, is mailing 690,000 checks totaling more than $152 million to consumers who lost money to a massive payday lending fraud scheme operated by AMG Services, Inc.
Who gets AdvoCare refund?
A Retail Customer who purchases directly through a Distributor is entitled to a refund on any Product purchased in the last thirty (30) days. Distributors must refund a Retail Customer's money immediately if asked to do so.
Why did AdvoCare get shut down?
The FTC sued AdvoCare in 2019, alleging that the multi-level marketing company operated an illegal pyramid scheme that deceived consumers into believing they could earn significant income as “distributors” of its health and wellness products.
Are FTC settlements taxable?
Following a Federal Trade Commission (FTC) settlement with an automaker earlier this year, nearly 500,000 car owners and lessees could receive a cash payment of at least $5,100. And depending on how the IRS interprets this settlement, those taxpayers could have to pay taxes on part – or all – of their settlement.
How do I know if an FTC check is real?
So how can you tell whether an FTC refund is real? If the FTC contacts you about a refund, you'll find information about the case at ftc.gov/refunds.You can be sure the phone numbers and links on this page are legit.
What is FTC stand for?
Federal Trade CommissionAbout the FTC | Federal Trade Commission.
Will I get a refund from AdvoCare?
Only Products and sales aids purchased directly from AdvoCare or a Distributor are eligible for a refund or exchange. Products purchased on any non-AdvoCare website are not eligible for a refund from AdvoCare.
Is the refund check from FTC legit?
The FTC never requires people to pay money or provide account information to cash a refund check. The Federal Trade Commission works to promote competition and to protect and educate consumers. You can learn more about consumer topics and report scams, fraud, and bad business practices online at ReportFraud.ftc.gov.
Why did AdvoCare get shut down?
The FTC sued AdvoCare in 2019, alleging that the multi-level marketing company operated an illegal pyramid scheme that deceived consumers into believing they could earn significant income as “distributors” of its health and wellness products.
How much is AdvoCare fined?
AdvoCare fined $150 million as FTC calls it a pyramid scheme. By Kate Gibson. Updated on: October 2, 2019 / 5:50 PM / MoneyWatch. AdvoCare International, a multi-level marketing company known for endorsements by professional athletes and other celebrities, will pay $150 million to settle government claims it's an illegal pyramid scheme ...
Who is the spokesperson for AdvoCare?
AdvoCare is known for its dozens of pro sports endorsers. They include New Orleans Saints quarterback Drew Brees, the company's national spokesperson; Kansas City Chiefs quarterback Patrick Mahomes; and Becky Sauerbrunn, a defender on the U.S. women's national soccer team.
How much did Herbalife pay to settle?
The settlement contains echoes of one reached by the FTC three years ago with Herbalife, which paid $200 million to settle claims it misled buyers and sellers of its nutritional supplements. In that agreement, the FTC stopped short of calling the business a pyramid scheme.
Is AdvoCare banned from multi level marketing?
Under a settlement with the FTC, AdvoCare is permanently banned from multi-level marketing. The agency also said the company would return some money to distributors. In addition to AdvoCare, the FTC complaint names former CEO Brian Connolly and four individual distributors.
Is Advocare out of business?
The FTC order does not put AdvoCare out of business, said Smith, who noted that the company can continue to sell its products to one level of distributors, who then would sell to consumers.
Is Advocare a pyramid scheme?
AdvoCare denies it is a pyramid scheme.
Does AdvoCare offer unlimited income?
The Plano, Texas-based provider of diet supplements and energy drinks offered consumers the chance to "earn unlimited income, attain financial freedom, and quit their regular job," according to the Federal Trade Commission. But the agency contends AdvoCare pressured sellers to bring in new distributors to purchase large amounts of the supplement products.
Who is the plaintiff in the AdvoCare case?
Only one of the plaintiffs—Megan Cornelius— remains in the case.
How do I get a settlement payment?
To qualify for payment from the cash Settlement Fund you must submit a Claims Form online here , fill it out and email it to [email protected] no later than May 17, 2021, or fill it out and mail it postmarked no later than May 17, 2021 to:
Who is included in the settlement?
You may be able to receive a cash award if you were a Distributor associated with AdvoCare who paid fees, purchased a “distributor kit,” and/or purchased products from AdvoCare between March 9, 2013 and May 17, 2016, who lost money from their participation in the AdvoCare alleged scheme, and whose distributorships were suspended without reinstatement or terminated by May 17, 2016. Distributors who made no purchases from AdvoCare after May 17, 2016, and paid no dues after May 17, 2016, will be considered terminated as of May 17, 2016. Distributors will be considered to have lost money if the sum of the money they paid AdvoCare for fees and sales aids and the money they paid AdvoCare for product (net of refunded amounts), reduced by 65% of the amount paid for product, is greater than the money they received from AdvoCare.
What does the Settlement provide?
The proposed Settlement Agreement provides a cash “Settlement Fund” of $10,500,000 in cash to pay Class Members. This fund will also be used to pay any service award, attorneys’ fees and costs, and costs to administer the settlement. The Net Settlement Amount (after deduction of any court-approved attorneys’ fees and costs, administrative expenses, and service award to the class representative) will be allocated to valid claims submitted by Class Members according to the proposed Settlement Agreement to be approved by the Court.
How to file a claim online?
To file a claim online, you will need your claim number and PIN, which you can find in the email you received or on the claims form you received in the mail. If you do not have your claim number and PIN, please contact the Settlement Administrator.
Does AdvoCare have a trial?
AdvoCare denies the claims made in the lawsuit and denies that it violated the law or operated as a pyramid scheme. No trial has been held on the merits of any allegations against AdvoCare or AdvoCare’s defenses.
When is the deadline to file a claim against AdvoCare?
The deadline to submit a Claims Form is May 17, 2021. Get no payment. This is the only option that allows you to ever be part of any other lawsuit against AdvoCare about the legal claims in this case. The postmark deadline to exclude yourself is April 30, 2021.
When is the fairness hearing for AdvoCare?
The Court has scheduled the Fairness Hearing for 1:00 p.m. (Central Time) on May 21, 2021.
When is the deadline to object to a settlement agreement?
You MAY NOT object to the Settlement Agreement if you excluded yourself from the settlement. The deadline to object is April 30, 2021. The Court has set the Fairness Hearing on May 21, 2021 regarding the fairness of the Settlement Agreement.
Can a class member opt out of a settlement?
Class Members may object to or opt-out of the settlement, and they may submit a claim to receive a cash payment that will be made in the event the court approves the settlement. Your legal rights may be affected even if you do nothing. Please read the Notice carefully.
Can you get benefits from AdvoCare?
If you were a Distributor associated with AdvoCare International, L.P. (“AdvoCare”) in the United States, you could get benefits from a class action settlement. A settlement of the case has been proposed. Class Members may object to or opt-out of the settlement, and they may submit a claim to receive a cash payment that will be made in ...