The Federal Trade Commission (FTC) added real estate investment celebrities, Dean Graziosi, Scott Yancey as defendants in a lawsuit filed against Nudge LLC and its affiliates that defrauded millions of dollars from consumers.
Graziosi appears in infomercials promoting his books on real estate investing. He claims to be an entrepreneur, investor, and a New York Times best-selling author.
Yancey was the star of the reality television series “Flipping Vegas” that aired on the A&E television network from 2011 to 2014.
In its amended complaint, the FTC alleged that Nudge primarily used both real estate celebrities to lure consumers into attending seminars that falsely promised to teach them a proven formula to make money by investing in real estate.
Graziosi and Yancey allegedly “made millions” from the deceptive real estate training scheme
Graziosi and Yancey allegedly received a percentage of all the money spent by consumers who bought real estate training and coaching from Nudge.
Additionally, the FTC alleged that both real estate investment celebrities substantially helped Nudge in its deceptive telemarketing scheme to sell real estate coaching and training programs.
