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Yet another real estate seminar scam

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For the second time in about a month, the FTC sued a company that falsely promised it would show people how to earn money in real estate to get them to pay thousands of dollars for seminars.

In the latest case, the FTC filed a complaint against Nudge, a company that sells training programs and other services to aspiring real estate investors. Nudge encouraged people to attend one of its Preview Events through mailings and infomercials featuring TV personalities from shows like “Flipping Vegas,” “Flip Men,” “Renovate to Rent,” and “Million Dollar Listing Los Angeles.” One infomercial featured a celebrity who promised to share a “formula for success” in real estate investing that was “proven” to get results. But these events were mainly sales pitches to get people to buy workshops costing more than $1,000.

What do you think happened at these expensive workshops? You guessed it: even more sales pitches — this time for “Advanced Training” costing tens of thousands of dollars. In all, according to the FTC’s court filings, Nudge raked in more than $400 million from its pricey seminars. What’s more, an FTC survey of Nudge customers showed more than 95 percent of people who attended the seminars ended up paying more to Nudge than they cleared in subsequent real estate transactions.

If someone says you can earn a lot of money on an investment with little or no risk, that’s probably a scam. Learn more about investment and business opportunity seminars before buying into the hype. And if you know about an investment scam, tell the FTC at ftc.gov/complaint.

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Jobs & Making Money

Comments

In the past few months I have been besieged with messages left from people claiming to be Apple. Sometimes calling repeatedly and leaving the same message within minutes of each other.
Normally I would just block the calls. These folks are using numbers from around the United States. Very frustrating and alarming at how savvy the crooks are getting.
If I don’t know the number, I don’t answer the phone.

Avoid the RICH DAD program - it is a rip off real estate scheme, unfortunately I lost a lot of money on this. Takes advantage of veterans based on the founder is a veteran - but they do not care about vets

The same happened to me. I lost close to $6,000 and I am still renting and cannot buy a home because of bad credit. I borrowed money to pay for the program, traveling and camp. Stop them.

FTC is super.......

I am so sick of these calls. You are expecting your doctor to call so you answer. These people are obnoxious and pushy. I have received calls every day, text and email. Why isn't Congress or our state legislature creating laws to protect us ? Make it against the law to anything more than write. I think my lender is selling my information.

I got robbed for 1700.00

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