Financial Crime: House-flipping influencer and life coach hit with hefty fines in bogus $400 million training program

by | May 22, 2023 | Stock Market

When it comes to house flipping, the buyer should always beware. A house-flipping reality-show host and a life coach who has hawked self-help programs with Academy Award-winning actor Matthew McConaughey have agreed to pay hefty fines for promoting a real-estate-investment training course authorities say was aimed solely at selling increasingly expensive classes.

The Federal Trade Commission said the program, which was run by a Utah-based firm called Response Marketing Group LLC under names such Affluence Edu, Cash Flow Edu or Flip for Life, raked in more than $400 million in a three-year period. The company also operated under two affiliate names, Nudge LLC and BuyPD LLC.  The scheme relied on ads featuring real-estate TV celebrities like Scott Yancey of A&E’s “Flipping Vegas,” Doug Clark from Spike TV’s “Flip Men,” Drew Levin and Danny Perkins from HGTV’s “Renovate to Rent” and Josh Altman from Bravo’s “Million Dollar Listing Los Angeles” to promote the classes, the FTC said. In 2019, the FTC filed a civil suit against Response Marketing and its executives, arguing they had made false claims of teaching customers how to get rich by flipping real estate. The following year, the FTC added Yancey and life co …

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