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The Federal Trade Comission has won a process against the advertisers of a large commercial scam that misled around 1 million customers countrywide to spend money allegedly to find out how to get rich with real estate deals over the Internet. The FTC is trying to return some $450 million to consumers cought up in the scam. The marketers are not operating the commercials anymore.
The ruling involves commercials 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.”
The judge discovered that the commercials misled the customers, and despite of the claims of quick cash, all the people who who bought the $39.95 instruction kits lost money. In addition to false claims, the marketers failed to reveal that people would be automatically signed up for a program that cost another $39.95 each month.
In the case of John Beck program the marketers falsely advertised that customers could buy homes for pennies and could make easy money with minor finacial investment. Even if FTC won the judgement, it doesn’t absolutelly mean that customers will get refunds.
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