FTC Charges Training Program Marketers

Two companies made false claims in telemarketing and direct mail solicitations promoting a real estate investment-training program, the Federal Trade Commission said yesterday.

Beringer Corp., Seattle, and Atlas Marketing Inc., Salt Lake City, charged consumers $5,000 to $8,000 for a program that promised to teach them how to make money quickly buying and selling privately held mortgage notes, the FTC said. The companies said consumers could make $10,000 a month in their spare time.

Virtually no consumers made money by following the program, the FTC said. The agency is seeking a court order forcing the companies to change their practices as well as monetary relief for consumers.

This material may not be published, broadcast, rewritten or redistributed in any form without prior authorization. Your use of this website constitutes acceptance of Haymarket Media's Privacy Policy and Terms & Conditions