Stars Of HGTV’s ‘Flip Or Flop’ Tangled In Alleged Real Estate Scheme At Center Of Federal Complaint


RIGHT NOW. ANNOUNCER: LIVE IN THE BROADCAST CENTER IN LOS ANGELES THIS IS “KCAL 9 NEWS” AT 10. JEFF: OR TOP STORY THEY ARE THE STARS BEHIND ONE OF THE HGTV’S BIGGEST SHOWS THE STARS OF FLIP OR FLOP AND TURN THEIR CELEBRITY INTO PITCH FOR A COMPANY THAT PROMISES TO MAKE YOU RICH. NOW THE FEDS UP WITH A STOP TO TO THE COMPANY THAT OFFERED CLASSES ON HOUSE-FLIPPING USING THEIR NAME. SUZIE: JEFFREY NGUYEN JOINS US WHY ATTEND A SAY THEY FELT DUPED. REPORTER: FEATURES OF THE STORY FLIP OR FLOP PROMISE TO TEACH YOU REAL ESTATE SECRETS FOR FREE BUT REAL ESTATE ATTENDEES SAID THEY WERE NOWHERE IN SIGHT WHEN THEY SHOWED UP AND THAT SHOULD HAVE BEEN THE TIPOFF. FLIPPING FORECLOSURES IS A RISKY BUSINESS. THEY HAVE MADE MILLIONS OF DOLLARS BUYING AND FLIPPING HOUSES ACROSS SOUTHERN CALIFORNIA. THEY HAVE BECOME TWO OF THE BIGGEST STORIES ON HGTV DOING SO , SO FAMOUSLY SCORED A BIG ENDORSEMENT WITH THE UTAH-BASED COMPANY THAT PROMISED TO TEACH PEOPLE HOW TO FLIP AND CASH IN AS WELL. THE SEMINARS THAT START OUT FREE CAN QUICKLY COST MORE THAN $40,000. THERE WAS LITTLE SUBSTANCE. DOUG IS A TEACHER AND PASTOR IN FLORIDA. HE SAID INSTRUCTORS PROMISED TO TEACH THEM REAL ESTATE SECRETS BUT HE HAD TO PAY A FIRST. I’M HOPING OTHER PEOPLE WILL LEARN FROM MY MISTAKE. THE FEDERAL TRADE COMMISSION FILED A COMPLAINT SAYING THE PRICEY CLASSES ROOF IS AWAITING AND BOGUS. I’M GLAD THE COURTS WITH PUT A HAULT TO COMPANIES LIKE THIS. I THINK IT’S VERY DECEITFUL AND IT GETS INTO EVERY GREY AREA IF YOU COULD GET IN BUSINESS. THE FEDERAL COMPLAINTS OF PEOPLE WHO PAID FOR CLASSES WOULD BE TAUGHT HOW TO APPLY FOR NEW CREDIT CARDS AND INCREASE THEIR CREDIT LIMITS THAT WOULD BE USED TO PAY FOR MORE INSTRUCTIONS. IN ADDITION TO HALTING BUSINESS THE UTAH COMPANY’S ASSETS HAVE BEEN FROZEN. DOUG STEPHON SAYS HE WAS TAKEN FOR $3000. I HAD WRITTEN THE COMPANY AND ASKED THEM OR MY MONEY BACK. THEY REFUSED. REPORT OF THE UTAH COMPANY BEHIND THE SEMINAR SAYS IT WELCOMES THE SCRUTINY AND ANTICIPATES QUOTE A POSITIVE OUTCOME AS WE WORK DIRECTLY AND OPENLY WITH THE AGENCIES INVOLVED.

10 Comments

  • fraud

  • Isn't this the same crap as the Flippin Vegas BS?!

  • Nobody wants to work in sheet metal plants anymore, all these young shits want 2 million a year for shuffling papers for 2 hours a day and eating steaks and cottage cheese the rest of the day.

  • Lots of celebrities do seminars like this though. This isn’t new

  • 🤣🤣🤣🤣🤣🤣🤣🤣

  • "Get rich quick" stuff, what kind of people go for this……hmmmm. If something sounds to good to be true….why are you going for this?

  • If you agreed to pay its on you. Suckas

  • Greeeeeeed

  • Wait did she get caught cheating on him with the old man “contractor “

  • Actually they made millions SELLING homes off their fame. Their real flips were far more modest.

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