Federal Trade Commission Acts to Shut Down Fraudulent Seminars for Tax Lien and Tax Deed Investors

The FTC’s complaint alleges that the free seminars are predominantly a sales pitch to spend more than $1,100 to attend a three-day workshop, where consumers will supposedly get access to a “system” for finding “lucrative” deals. Those promises also prove empty, as the three-day workshops largely consist of general information about real estate investing, misrepresentations about services offered by the provider, and a sales pitch for “advanced training” that costs as much as $40,000, according to the complaint. For more information, click here (link courtesy of EIN Newsdesk).

In 2018, we posted information about these “informational seminars.” It is good news that the National Tax Lien Association (NTLA) and the FTC are taking steps to protect consumers.

Recent Posts

See All

CONTACT US

STANKO MCCARTHY LAW GROUP, Chicago, Illinois © Copyright 2020, All rights reserved.

  • Facebook