Date Released: FTC-PR-240117-3

January 17, 2024


FTC-PR-240117-3 – FTC Action Leads to Ban for Ganadores Real Estate and Income Scam, its Owner, and Managers – Proposed court orders would permanently shut down scam, require companies and individuals to turn over millions of dollars in assets for refunds


A Federal Trade Commission lawsuit has led to the permanent end to a business opportunity scam known as Ganadores Online and Ganadores Inversiones Bienes Raíces that targeted Spanish-speaking consumers with brazen and false money-making pitches for online businesses and real estate investments.

Under the terms of proposed federal court orders, several defendants in the case—including the companies behind Ganadores, the companies’ owners and managers Richard and Sara Alvarez, and an employee who played a key role in the marketing of the scheme, Bryce Chamberlain— will be permanently banned from selling ecommerce or real estate coaching services and will be required to turn over substantial assets to the FTC, which will be used to provide refunds to consumers harmed by the scam.

“Ganadores scammed hard-working people with false promises of financial freedom, leaving many consumers with nothing but crushing credit card debt,” said Samuel Levine, the Director of the FTC’s Bureau of Consumer Protection. “We have taken decisive action to end that egregious conduct and recover ill-gotten gains, and we will continue to vigorously pursue those who engage in violations of the laws we enforce.”

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[Date Accessed: 3/3/2024]

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