Beware of Fraudulent Emails Being Sent, Impersonating as FTC Chairman Joseph Simons

By  //  October 6, 2020

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Did you get a letter in the mail from Online Trading Academy (OTA) saying that you’re eligible to have your debt forgiven?

(FTC) – Did you get a letter in the mail from Online Trading Academy (OTA) saying that you’re eligible to have your debt forgiven?

Unfortunately, OTA’s letter gave you the wrong email address to use. That means you’ll be getting a corrected notice in the mail shortly.

The right email to use is myeducation@tradingacademy.com.

If you already emailed OTA at the wrong email address to request debt forgiveness, you must re-send your email to myeducation@tradingacademy.com.

Not sure if you sent the request for debt forgiveness to the right email? Just re-send your email to myeducation@tradingacademy.com, or call (877) 755-1650 by or before November 13, 2020, to cancel your outstanding balance and have the debt removed from your credit report.

As a reminder, Online Trading Academy is a company that peddled a “patented” training program, promising to help people earn big money by paying big money to OTA — for training costing as much as $50,000.

OTA’s lavish earnings claims often came with encouragement for people to go into debt to pay for those OTA training. The FTC recently announced a settlement where OTA agreed to resolve the FTC’s charges that it used false claims to sell its training programs.

As part of the settlement, OTA agreed to forgive the debt owned by some of the people who bought and financed training programs from OTA, and delete the debt from their credit reports.

For more information about the settlement, visit ftc.gov/OTA. If you’ve been scammed by and investment program or seminar, report it to the FTC at ftc.gov/complaint.

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