Undoubtedly you have come across those late night infomercials telling you how easy it is to make money in real estate investing, and as tired as you were you may even have called to buy a product or attend a seminar. Well, Whitney Information Network is now settling with Florida consumers who attended seminars and complained about the material presented. The amount...over $1 million.
According to the Sun-Sentinel Article, Whitney used infomercials titled "Star Trader", "Wealth Builder Workshop", and "Focus on Foreclosure" to draw in audiences. State regulators reported that over 250 consumes complained about being charged for rudimentary information, misleading testimonials, and being asked to pay thousands more for "advanced classes".
So, the next time you are up late at night and find yourself flipping through infomercials, do yourself a favor, go back to sleep! While some may be good, the vast majority are on at that time for a reason.
For more details, read the article as it includes a toll free number to the Attorney General's office if you think you may have a claim.
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