Fans Targeted in Reality TV Real Estate Scheme

The Perfect Scam

AARP

True Crime, Aarp, Fraud, Society & Culture, Scam, Crime, Bobsullivan

4.5 • 980 Ratings

🗓️ 22 October 2021

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Dave Lieber is intrigued when he receives an invitation to attend a real estate seminar hosted by Tarek and Christina of hit HGTV show Flip or Flop. The event is packed with fans and hopeful real estate flippers, but instead of meeting their favorite stars, attendees sit through a pitch for get-rich-quick seminars costing thousands. Dave, a journalist for the Dallas Morning News, is so shocked at what he sees, he investigates further, uncovering a slew of unethical practices by Zurixx LLC, the seminar company, that ultimately attracts the notice of the Federal Trade Commission.

Transcript

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0:00.0	This week on The Perfect Scam.
0:03.0	Tarick and Christina's lending partners will fund 100% of the real estate you buy.
0:08.0	Fund 100% of the rehab, regardless of your credit or your background.
0:13.0	They tell you you're going to get a car,
0:14.2	you're going to get a nice expensive vacation,
0:16.8	you get all your money problems are going to be going away.
0:19.4	The whole goal is to get you to go back to that table,
0:22.2	get online, and pull out your credit card.
0:26.3	Have you ever received a glitzy invitation to a hotel ballroom event or a free lunch?
0:32.3	Offering you a chance to meet someone famous and maybe learn
0:35.1	about a new business opportunity. You know, a colorful postcard, maybe an entire brochure,
0:40.8	with pictures of people having fun on a sailboat. Maybe someone you know
0:44.6	from television urging you to go and learn about the opportunity of a lifetime.
0:48.6	Ever wondered what happens in those ballrooms? Well, today we're going to find out,
0:55.0	thanks to a man we'll call Dave.
0:57.0	Dave lives near Dallas,
1:00.0	and a few years ago, he receives
1:02.0	one of those postcards in the mail.
1:04.6	It says he'll learn how to change his financial fortunes overnight.
1:08.9	But it isn't the easy money that catches his eye.
1:12.0	It's the TV stars.
1:14.0	Well, I've gotten a few of them, but the one that I really liked the most was when
	...

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