8 Figure Dream Lifestyle Sued by FTC!
In case you are wondering, "is the 8 Figure Dream Lifestyle a scam?"
Then this is your answer.
As of June 12, 2019, the FTC tagged the 8 Figure Dream Lifestyle and its spin-off the Online Entrepreneur Academy as a fraudulent investment scheme after a joint crackdown operation.
According to the FTC...
The personalities behind 8 Figure Dream Lifestyle and Online Entrepreneur Academy are being served in the grounds of:
- Performing illegal telemarketing robocalls.
- Illegal live phone calls and text messaging.
- Selling fraudulent money-making opportunities.
- And others as stated on the image below.
A court in California granted the FTC's request for a restraining order and an asset freeze towards the defendants.
Name: 8 Figure Dream Lifestyle
Owners: Alex Dee, Brian Kaplan, John Bain and Jerrold Maurer
Cost To Join: $2,000 and up
8 Figure Dream Lifestyle Business Opportunity Rating:
8 Figure Dream Lifestyle Product Rating:
ATTENTION ONLINE BUSINESS OPPORTUNITY SEEKERS
The FTC named the defendants:
- Alex Dee (aka Alex S. Dowlatshahi),
- Jerrold Maurer (aka Jerry Maurer),
- Brian Kaplan and,
- John Bain.
The four are said to be the immediate personalities behind the 8 Figure Dream Lifestyle business opportunity.
The June 12 lawsuit was filed against:
- 8 Figure Dream Lifestyle LLC ,
- OEA LLC (Online Entrepreneur Academy),
- Kappy Enterprises LLC,
- JL Net Bargains,
- Spirit Consulting Group and others.
This joint crackdown launched by the FTC and partner law enforcement agencies was called "Operation Call it Quits."
You can view the official statement of FTC regarding the 8 Figure Dream Lifestyle scandal on the link I provided.
During the time of the publication of this 8 Figure Dream Lifestyle review...
And in case you are unfamiliar with the company and how they got into this mess, continue reading the short 8 Figure Dream Lifestyle review below.
What Is The 8 Figure Dream Lifestyle
The company's official website provides no information to the public regarding the personalities behind 8FDL.
You will only find an affiliate login form like the image in the right.
However, as I mentioned earlier, the FTC identifies John Bain, Alex Dee, Brian Kaplan and,Jerrold Maurer to be the personalities behind this company.
Also during my research, I was able to find a few more exciting things about 8FDL in here.
8 Figure Dream Lifestyle Products
The company has no products nor services.
When you join 8FDL, your only source of income will be to recruit other people and convince them to join the company.
Other than promoting the 8FDL affiliate membership itself, there is no other income source for the members.
This is a major red flag.
As an affiliate, you will get 100% commission on all the membership fees of your downlines.
And similar to the Global Dream Network, 8FDL members will gift money to each other via a pass-up compensation model.
There are five cash gifting tiers within the 8FDL compensation plan. This represents the five different product packages that the company sells.
An affiliate will be only able to earn commissions depending on the membership package that the person uses to register.
If you join with the basic package, then your maximum potential earning would be $2,000.
When anyone from your team purchases a higher level package, the excess commission will proceed to the next highest rank above you.
On the other hand...
If you join the program with the highest membership package, the VIP, you will not pass any money gift payments from any of your downlines.
8 Figure Dream Lifestyle Membership Packages
Below are the five 8FDL membership packages, including what comes with each package.
$2000 – Basic Package
This is the most basic package that you can buy if you want to join 8 Figure Dream Lifestyle.
This package include:
$3500 – Builder Package
$6000 – Advanced Package
$12,000 – Pro Package
$21,000 – VIP Package
This is the most expensive membership package that you can buy.
This package include:
- Bonus: When you buy this package, you keep all the gift payments from your downlines. You will not need to pass up anything.
Apart from the package cost, you will also pay a one-time license activation key for each membership tier.
While You're Here: Check Out My #1 Online Business Recommendation
Is 8 Figure Dream Lifestyle A Scam
Well, based on the current developments, the FTC and other authorities have identified 8 Figure Dream Lifestyle as a scam.
The FTC cited that:
"The Defendants who have promoted the 8 Figure Dream Lifestyle scheme have claimed that typical consumers with no prior skills or experience will earn $5,000 to $10,000 in 10 to 14 days, and earn $10,000 or more on a consistent basis within 60-90 days of buying into the program.
They have touted 8 Figure Dream Lifestyle as a "franchise-like" opportunity and told consumers that they need only follow Defendants' "proven business model" or "blueprint for success" to make money.
These Defendants have made unlawful robocalls or caused others to do so in an attempt to attract new victims to the 8 Figure Dream Lifestyle program."
When the reality is:
Now this is interesting.
Because the 8FDL clearly states on its Terms of Service that it provides no income guarantees to any of its members.
The inclusion of the 8FDL packages may look good on paper.
But what you will actually get are a bunch of Internet marketing videos that you can get online for free. So do not let the long list fool you.
For instance, a lot of the training video contents are similar to the informative articles that you can get for free here.
My Humble Advice
There are many other ways to make money online today.
Unfortunately, scams and fake Get-Rick-Quick schemes are also rampant.
Regarding the 8 Figure Dream Lifestyle...
My humble advice is that you stay away from this shady and risky business opportunity. And if you are still wondering, "is 8 Figure Dream Lifestyle a scam?"
The FTC sure think so.
8 Figure Dream Lifestyle Business Alternative
If you are keen on making a part-time or even a full-time income at home...
I can recommend an online business program for you.
This program involves affiliate marketing and has already changed the lives of ordinary people like you.
In fact, some of them were able to generate a 6-figure income at home (may not be as exciting as 8 figures but at least it is FTC approved).
Many were also able to quit their daily 9-5 jobs to enjoy an early retirement.
This could happen to you too!
But the best part of this program? You can get started for free!
Thank you for taking the time to read my 8 Figure Dream Lifestyle review. I hope that this has been useful to you in finding the truth about this business opportunity.
Kindly share this to other people if you think this could help them too. Because even in the middle of this scandal, the website www.8figuredreamlifestyle.com is still live (update: not live now).
This means that it is still possible for uninformed and unsuspecting individuals to fall victim to this risky investment.
Therefore, I request your help to spread the word regarding this matter.
On the other hand...
If you have any valuable information that you want to share to our readers regarding 8 Figure Dream Lifestyle...
Please do so in the Comment Section below.
Before You Leave: Check Out My #1 Online Business Recommendation
Until next time and I wish you all the best in your future endeavors.
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