$31.9 million 8 Figure Dream Lifestyle settlement reached

Somewhat than clear their names at trial, the 8 Determine Dream Life-style defendants have settled with the FTC.

As per the proposed settlement, John A. Bain, Alex Dee (aka Alex S. Dowlatshahi), Brian M. Kaplan and Jerrold S. Maurer will cop a $31.9 million judgment.

The proposed settlement additionally applies to company defendants 8 Determine Dream Life-style LLC, JL Web Bargains Inc., Kappy Enterprises LLC, Millionaire Thoughts Enterprises LLC and Spirit Consulting Group.

The proposed settlement judgment quantity will probably be happy by

  • liquidation of of Bain’s, Dee’s, Kaplan’s and Maurer’s cryptocurrency holdings (as beforehand ordered);
  • $418,708 held in escrow by the defendant’s lawyer;
  • funds held in U.S. Financial institution N.A., Wells Fargo, TD Financial institution, JP Morgan Chase financial institution accounts;
  • funds held in PayPal accounts belong to JL Web Bargains and Jerry Maurer; and
  • liquidated securities held within the identify of Brian and Andrea Kaplan;

Upon the above being turned over to the FTC, the remaining judgment stability will probably be suspended.

Sadly the quantity paid towards the $31.9 million judgment isn’t disclosed.

Along with the financial element of the settlement, the person defendants can even be banned from having something to do with “money-making strategies”, funding alternatives, robocalls and telemarketing.

The defendants are additionally prohibited from utilizing buyer information acquired by way of 8 Determine Dream Life-style, 8FDL, TiDom, On-line Entrepreneur Academy and 14 Day Champion Problem.

Lastly, the defendants are required to

  1. present notification of the settlement to anybody they get into enterprise with;
  2. submit compliance and alter of particulars reviews with the FTC; and
  3. maintain data of their enterprise actions (together with accounting and client complaints) over a rolling five-year interval.

Each of the above situations should be adhered to for the subsequent fifteen years.

If authorised, the settlement will bring to an end the FTC’s 8 Determine Dream Life-style fraud case.

As alleged by the FTC, by way of 8 Determine Dream Life-style, defendants Bain, Dee, Kaplan and Maurer scammed shoppers out of tens of tens of millions of {dollars}.

Pending approval of the FTC’s proposed settlement, keep tuned…


Replace twenty second September 2020 – On September ninth the courtroom authorised the proposed settlement.

This brings our protection of the 8 Determine Dream Life-style fraud case to an finish.