FTC wins over get-poor-quick “shortcuts to millions”

FTC Wins Judgment Against Makers Of 3 Get-Rich-Quick Infomercials

[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.


Source: Consumerist.com

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!”

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