[t]he Federal Trade Commission says a trio of popular get-rich-quick programs — all backed by the same two people — took consumers for a total of $450 million by misleading them into believing they could quickly earn piles of cash in real estate or Internet marketing.
The three infomercials […] are for “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.”
In reality, the FTC alleged that less than 1% of consumers who purchased the systems made a profit.
In addition to the misleading claims, the court sided with the FTC in finding that the defendants failed to adequately disclose that consumers who purchased the systems would be enrolled in a $39.95/month subscription plan. Oh — and customers’ payment information was used without their express informed consent, in violation of the FTC Act and the Telemarketing Sales Rule.
These get rich quick schemes are pretty much ALWAYS a fraud, using clever marketing ploys, faulty logic and reasoning, clever use of words and/or clever way of covering up lies or half truths and in some cases even appealing to your emotions, to get emotionally involved.
Just remember the old saying: “If some seems to good to be true, it most likely is!”