Robert William Shafer has settled Blueprint to Wealth fraud costs with the FTC.
As a part of his filed August 2nd settlement, Shafer will likely be held collectively chargeable for $7.5 million.
Different situations imposed on Shafer embrace:
- a ban on collaborating in “money-making strategies” (outlined as “not typically accessible to the
public, and can generate revenue for customers or potential purchasers”); - a ban on the sale of funding alternatives;
- a ban on telemarketing; and
- prohibition on making misrepresentations and unsubstantiated claims
To fulfill his $7.5 million collectively liable financial judgment, Shafer will flip over
- $10,000 held in escrow;
- all funds held in Financial institution of America accounts within the names of Robert W. Shafer d/b/a Shafer MM&I, Robert W. Shafer and Janice M Shafer and Robert W. Shafer and Rene A. Shafer;
- all funds held in an Ever $ Inexperienced Federal Credit score Union account within the identify of Robert W. Shafer; and
- all funds held in an ESL Federal Credit score Union account held within the identify of Robert William Shafer
The rest of Shafer’s $7.5 million judgment is suspended.
The FTC’s settlement to the suspension of a part of the judgment towards Mr. Shafer is expressly premised upon the truthfulness, accuracy, and completeness of Mr. Shafer’s sworn monetary assertion and associated paperwork submitted to the FTC.
Pending courtroom approval of Shafer’s FTC settlement, he may also be topic to fifteen years of compliance reporting.
The FTC filed swimsuit towards Shafer, Samuel James Smith and Charles Joseph Garis Jr. in December 2023. Shafer, Smith and Garis Jr. are alleged to have been behind
a sprawling enterprise alternative scheme that has taken in thousands and thousands of {dollars} from shoppers with bogus guarantees of big returns.
The rip-off glided by just a few names, of which “Blueprint to Wealth” was cited by the FTC. BehindMLM got here throughout the rip-off in 2022 by way of Shafer’s promotional efforts.
Samuel James Smith settled with the FTC in June 2024. This leaves Prices Garis Jr. as the only real remaining defendant.
Given Garis Jr.’s two accomplices have already settled, and mentioned settlements include full cooperation provisions, it appears unlikely Garis Jr. will take the FTC’s case to trial.