Cotchett, Pitre & McCarthy Files Class Action Lawsuit on Behalf of Consumers Against Online Trading Academy for Fraud – Business Wire
LOS ANGELES--(BUSINESS WIRE)--Today, Cotchett, Pitre & McCarthy filed a class action lawsuit on behalf of Amy Jine and Ana Biocini against Online Trading Academy (“OTA”) and its executives, Eyal Shahar and Samuel Seiden, for their nationwide fraudulent business scheme. The executives are also named for their individual conduct outside. OTA targeted consumers and elderly individuals in particular. OTA claims to offer consumers a low-investment, high-profit online trading strategy and charges each student up to $50,000. The vast majority of students who receive OTA training do not make the “substantial income” promised by OTA. Many students lost thousands of dollars trading on top of the money they spent on OTA training.The Federal Trade Commission (“FTC”) sued OTA in February and obta...