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Updated almost 8 years ago on . Most recent reply

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Jean Norton
  • Flipper/Rehabber
  • Austin, TX
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Armando Montelongo Faces Civil RICO Law Suit

Jean Norton
  • Flipper/Rehabber
  • Austin, TX
Posted

Armando Montelongo Faces Civil RICO Law Suit under the federal Racketeering Influenced and Corrupt Organizations Act ("RICO") on behalf of 164 former students of "Flip This House" star Armando Montelongo and his companies, alleging that the real estate mogul's educational offerings -- which cost up to tens of thousands of dollars, and which are attended by thousands of students every year -- do not live up to the central claim that the Montelongo "system works in any financial market, at any given time," and are instead the heart of a fraudulent scheme to sell students worthless "education." In what appears to be the first major lawsuit brought against the defendants over their seminars, the students seek over $12 million in trebled RICO damages. 

https://www.biggerpockets.com/blogs/1389/48691-arm...

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Bill Gulley#3 Guru, Book, & Course Reviews Contributor
  • Investor, Entrepreneur, Educator
  • Springfield, MO
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Bill Gulley#3 Guru, Book, & Course Reviews Contributor
  • Investor, Entrepreneur, Educator
  • Springfield, MO
Replied

Great news as far as I'm concerned, now, when are they going to round up the rest of the low life, scum of the earth, lying dirt bag, crooked myth brokering con-artists? 

BTW, I thought that the Trump School bunch were already convicted of fraud last year, now i'm hearing he's going to court soon, might get serious, I don't think a felon can hold office. LOL

The real reason I do what I do is due to the fraudsters out there! :)  

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