The Federal Trade Commission (FTC) has reached a settlement with the defendants of Growth Cave, including its co-CEOs, who are now permanently prohibited from marketing and selling business opportunities and credit repair programs. This settlement comes after allegations that their fraudulent scheme resulted in losses of nearly $50 million for consumers.

As part of the settlement, the co-CEOs of Growth Cave, Lucas Lee-Tyson and Osmany Batte, along with Operations Manager Jordan Marksberry, are required to liquidate millions of dollars in assets, including luxury items like a multimillion-dollar house, to provide redress to affected consumers. The FTC's Director of the Bureau of Consumer Protection, Christopher Mufarrige, emphasized the agency's commitment to combating fraud that harms American markets.

The FTC initially filed a lawsuit against Growth Cave in February 2025, alleging that the company misled consumers with false promises of significant income through various business opportunities that often failed to deliver results. Consumers reportedly faced difficulties in reaching customer support, further exacerbating their losses.

The settlement includes a stipulated order that previously settled charges against Marksberry, which bans him from engaging in similar deceptive practices. The new orders announced today also impose significant financial judgments against the defendants, which will be partially suspended based on their financial situations. The proceeds from the liquidation of assets will be directed to the FTC for consumer redress.