did spencer pratt win? Influencer Exposed for Faking Earnings as the FTC Finalizes Major Payout Rule
The final answer is in, and it's a punch to the gut for anyone who has ever bought a course or a financial tip online. Spencer Pratt and his wife Heidi Montag have lost their massive bank fraud lawsuit against their former financial advisor, meaning they won't see a penny of the multi-million dollar settlement they demanded. But the real knockout punch is for your wallet: as the judge issued this ruling, the FTC quietly finalized a new rule that makes influencers like Pratt legally responsible for faking their earnings to sell you get-rich-quick schemes. Starting next month, if an influencer lies about their passive income, they can be forced to pay you back triple the amount you lost. This verdict exposes the dark side of "financial freedom" gurus—and just in time for the new regulations that could save you from being the next victim.