TIPS

646-956-8404

646-580-0377

CALLS IT'S A HUGE

GRANT $$$$ SCAM

Free grants for regular people? The chance at some string-free money might seem like a godsend. But promises of free grants are just another scam to get your money.

That was the case with Cash Grant Institute, the FTC says. In fact, the man behind the scam — Paul Navestad — was ordered to pay more than $20 million. But he didn’t. So today the FTC announced that a federal judge has ordered Navestad to be jailed until he pays up. 

Here’s the backstory: Cash Grant Institute told people they’d already qualified for grants — up to $25,000 — that were readily available from federal, state, and local governments, private foundations, and wealthy individuals. But the grants didn’t exist, the FTC says. Instead, people were sent to sites that charged them for general information about getting grants. Even after paying, very few people qualified for any kind of grant, and those that did found it was a long, difficult process.

If that wasn’t enough, Cash Grant Institute also was a massive robocalling scheme, making more than 8 million robocalls — almost a third of them to numbers on the Do Not Call Registry.

ACT NOW filing a complaint before FTC.

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