This week, it is the subject of a\u00a0major class-action lawsuit\u00a0led by two former clients, Cheri Lucas and April Fisher\u2014the latter of whom taught classes for TSTLC. Together, the two allege that the company was part of a Ponzi scheme devised by Coral and her husband, Mac, in which they pocketed investor money totaling anywhere from $8 million to $20 million, using it to \u201clive like royalty.\u201d<\/p>\n<\/div>\n
Charging people hundreds of dollars to help them find the \u201clife of their dreams,\u201d they instead used it to live out their own. The mastermind behind the scheme, the two claim, was a \u201ccareer fraudster and federal felon\u201d Kevin Trudeau, the \u201cinfomercial king\u201d who is serving time in prison for diet books. Coral, they say, not only visited Trudeau in prison, but spent money trying to get him released.<\/p>\n<\/div>\n
Filed on behalf of \u201call persons who have entered into \u2018coaching contracts\u2019 or \u2018investor contracts\u2019 with any of the defendants,\u201d Lucas and Fisher are asking for $30 million total in damages for fraud, theft, and racketeering, as well as\u00a0gross negligence and deceptive trade.<\/p>\n<\/div>\n
The claim paints a grim picture of scam, with the master coaches turning clients into players\u2014stripping them of hundreds of thousands of dollars and feeding them lies about \u201chappiness.\u201d<\/p>\n<\/div>\n
On TSTLF\u2019s\u00a0website\u00a0users are greeted by the words \u201cBecome a Life Coach\u201d in enormous white letters. Their definition of \u201cliving your best life\u201d seems fairly broad. \u201cFrom a middle aged soccer mom looking to lose a few pounds to an upper level executive looking to negotiate a seven-figure business deal, you will possess the confidence, skill and knowledge required to make you an invaluable resource in the lives of your Life Coaching clients,\u201d their certification page reads. \u201cAs a Life Coaching Professional, you can demand anywhere from $75 to $500 per hour.\u201d<\/p>\n<\/div>\n
Where the breakdown seems to have happened, according to the complaint, is what the Grants\u2019 call a \u201ccommission agreement.\u201d Essentially a \u201ccoaching contract,\u201d the lawsuit explains it as a \u201ccommission percentage or fee\u201d rewarded to coaches who either recruited coaching clients or taught coaching classes themselves. It\u2019s money, they say, that never came.<\/p>\n<\/div>\n
On top of this, the Grants also \u201cinvited people (coaches, members, clients) to become \u2018investors,\u2019 i.e. give them flat sums in exchange for non-specific future returns.\u201d Returns that, according to the plaintiffs, never panned out. Instead, Lucas and Fisher said the Grants pocketed the money owed to coaches and the money given by investors.<\/p>\n<\/div>\n
After spending all of the money that they\u2019d pocketed from investors and commission fees, the Grants allegedly started opening up smaller companies and telling clients to direct their money there. Before doing so, they canceled previous contracts, citing \u201crecent events,\u201d and noting that investors would not be able to collect their money.<\/p>\n<\/div>\n
If the Grants set out to help people live their best lives, they may have gotten lost along the way. According to the plantiffs\u2019 attorneys, the two went as far as to steal from clients\u2019 life savings. \u201cCoral and Mac Grant took advantage of a lot of people,\u201d they told The Daily Beast. \u201cThey took millions of dollars with no intention of giving it back.\u201d<\/p>\n<\/div>\n<\/div>\n<\/div>\n
Founded in 2008 by Coral Rose Grant, TSTLC\u2019s stated mission is to help people \u201clive their best lives\u201d and, ultimately, make a career out of teaching others the same. This week, it is the subject of a\u00a0major class-action lawsuit\u00a0led by … Continue reading ![\"Ponzi](\"http:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2016\/01\/Ponzi-Scheme.jpg\")
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