Real estate celebs, marketing group agree to pay nearly $17 million after making false claims to sell investment training programs in Utah
The consumer protection settlement is the largest in state history, according to the Federal Trade Commission and Utah Department of Commerce.
Instead,"Response Marketing enticed consumers to purchase three-day workshops for around $1,000 by falsely representing that it would provide consumers with access to special tools that would enable them to become successful real estate investors. Response Marketing deceptively pitched additional training programs that cost tens of thousands of dollars at the three-day workshops," according to the Utah's Division of Consumer Protection.
Response Marketing Group agreed to pay $15 million and are banned from further selling money-making opportunities, while Yancey and Graziosi agreed to pay a combined $1.7 million.
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