FTC Shuts Down Fraudulent Net Company Apply Knowledge

The Federal Trade Commission has put an end to a multi-million dollar scheme that told consumers they could get rich with internet businesses and then sold them thousands of dollars’ worth of coaching and other materials.

Apply Knowledge bilked millions from consumers

The U.S. District Court for the District of Utah issued a temporary restraining order against Apply Knowledge; froze the defendants’ assets, which were held under many different businesses including YES International, Coaching Department, and many others along with Apply Knowledge; and put the companies into receivership.

“This case halts a massive scam that bilked consumers out of millions for useless work-at-home kits and business coaching services,” said...