scam Slang n.
"A fraudulent business scheme; a swindle. To include misleading, misdirected or exaggerated claims in advertising. A ploy by a shyster to raise money. A deception practiced in order to secure unfair or unlawful gain. Any act, expression, omission, or concealment that deceives another to his or her disadvantage"
That is an accurate definition of a scam. The question is: does it apply to several of the so-called "infomercial" real estate gurus?
On April 20, 2012 the Federal Trade Commission won a court judgment against the marketers of three real estate guru companies who bilked consumers out of more than $450 million. They include "John Beck's Free & Clear Real Estate System," "John Alexander's Real Estate Riches in 14 Days," and "Jeff Paul's Shortcuts to Internet Millions."
Meanwhile, as of this writing, the FTC and the state of Colorado are also suing Russ Dalbey, the Dalbey Education Institute and those associated with them. Please do not judge all real estate programs by these few. There are good ones available, such as "The Simple Man's Guide to Real Estate".
And over the last year or so the Better Business Bureau issued "scam warnings" in connection with seminars promoted by Armando Montelongo, Than Merrill, and any guru utilizing seminars for the purpose of pressuring attendees into buying into higher-priced products and services.
Many of these "gurus" have taken to creating phony websites designed to appear as if they are run by an objective third party, extolling the virtues of the guru. Others have resorted to threats against those who post true criticisms. Deception after deception - which is a sign of a scam.
So, the question once more is whether or not "infomercial gurus" are scammers. You can decide
that for yourself. But the way we figure it, any person who resorts to deception at the drop of a
hat has a lot to hide. And anyone who feels as threatened as they do by the numerous bad reviews and compaints,
well, all we can say is this - if they want to put an end to the bad PR, perhaps they should
a product/service that is better, and more fairly priced. Instead of trying to do damage control, they
might want to try QUALITY CONTROL.