FTC Sends More Than $10 Million in Refunds to Consumers Harmed by Real Estate Investment Training Scheme

The Federal Trade Commission is sending more than $10 million in refunds to consumers who paid for a real estate investment training program that allegedly made empty promises about earning big profits “flipping” houses.

Metadata

Provider:

FTC

URL:

https://www.ftc.gov/news-events/news/press-releases/2024/03/ftc-sends-more-10-million-refunds-consumers-harmed-real-estate-investment-training-scheme

Retrieved on:

Tuesday, April 2, 2024

Information

Tags:

Consumer protection, Utah Division, Social media, Blog, News, Commission, Complaint, PayPal, Graziosi, Federal Trade Commission, FTC, Online shopping

Geotags:

YANCEY

Summary

Key Points:

The Federal Trade Commission is sending more than $10 million in refunds to consumers who paid for a real estate investment training program that allegedly made empty promises about earning big profits “flipping” houses.
In addition, the FTC is sending claim notices to nearly 400 consumers who previously filed a complaint about Response Marketing.
Consumers who paid for the defendant’s real estate investment training programs are eligible to file a claim for payment.
In 2023, FTC actions led to $324 million in refunds to consumers across the country.