FTC Settlement Bans Growth Cave Defendants from Marketing Business Opportunities and Credit Repair
The FTC settled charges against Growth Cave and its co-CEOs for operating a deceptive business opportunity and credit repair scheme that cost consumers nearly $50 million. The defendants were permanently banned from marketing business opportunities and credit repair programs, and ordered to liquidate assets for consumer redress.
What happened
The FTC sued Growth Cave in February 2025, alleging that defendants deceived consumers through false promises of significant income from business opportunities that regularly failed to deliver the promised results.
Growth Cave's co-CEOs Lucas Lee-Tyson and Osmany Batte, Operations Manager Jordan Marksberry, and related entities were named as defendants. The amended complaint alleged consumers had trouble reaching Growth Cave employees and obtaining customer support.
Reported impact
The scheme cost consumers nearly $50 million.
Governance controls
As part of the FTC settlement, Growth Cave's co-CEOs are permanently banned from marketing and selling business opportunities and credit repair programs.
The co-CEOs are required to liquidate millions of dollars' worth of assets, including a multimillion-dollar house, to provide consumer redress. A judgment of $48,597,538 was issued.
Classification
Sources and evidence
Sources not yet published
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