Making A Better Life Thru Ponzi Schemes

Founded in 2008 by Coral Rose Grant, TSTLC’s stated mission is to help people “live their best lives” and, ultimately, make a career out of teaching others the same.

This week, it is the subject of a major class-action lawsuit led by two former clients, Cheri Lucas and April Fisher—the 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 “live like royalty.”

Charging people hundreds of dollars to help them find the “life of their dreams,” they instead used it to live out their own. The mastermind behind the scheme, the two claim, was a “career fraudster and federal felon” Kevin Trudeau, the “infomercial king” 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.

Filed on behalf of “all persons who have entered into ‘coaching contracts’ or ‘investor contracts’ with any of the defendants,” Lucas and Fisher are asking for $30 million total in damages for fraud, theft, and racketeering, as well as gross negligence and deceptive trade.

The claim paints a grim picture of scam, with the master coaches turning clients into players—stripping them of hundreds of thousands of dollars and feeding them lies about “happiness.”

On TSTLF’s website users are greeted by the words “Become a Life Coach” in enormous white letters. Their definition of “living your best life” seems fairly broad. “From 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,” their certification page reads. “As a Life Coaching Professional, you can demand anywhere from $75 to $500 per hour.”

Where the breakdown seems to have happened, according to the complaint, is what the Grants’ call a “commission agreement.” Essentially a “coaching contract,” the lawsuit explains it as a “commission percentage or fee” rewarded to coaches who either recruited coaching clients or taught coaching classes themselves. It’s money, they say, that never came.

On top of this, the Grants also “invited people (coaches, members, clients) to become ‘investors,’ i.e. give them flat sums in exchange for non-specific future returns.” 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.

After spending all of the money that they’d 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 “recent events,” and noting that investors would not be able to collect their money.

If the Grants set out to help people live their best lives, they may have gotten lost along the way. According to the plantiffs’ attorneys, the two went as far as to steal from clients’ life savings. “Coral and Mac Grant took advantage of a lot of people,” they told The Daily Beast. “They took millions of dollars with no intention of giving it back.”

Ponzi Scheme