Evidence from credible sources supports the statement as accurate. Learn more in Methodology.
The FTC's allegation that the defendants collected nearly $50 million is reflected in the agency's complaint, settlement documents, or other official filings.
The FTC’s public filings and press releases state that its complaint alleges Growth Cave and related defendants took nearly $50 million from consumers through deceptive business-opportunity and credit-repair schemes. The Jan. 27, 2026 FTC press release says the scheme “cost consumers nearly $50 million,” and earlier FTC releases (Mar. 7, 2025 and May 19, 2025) describe the operation as having taken approximately $50 million and cite judgments totaling $48,597,538. Verdict: True — the FTC has alleged that the defendants took nearly $50 million, and its official releases and court filings support that figure.