95%of surveyed customers paid one seminar company more than they cleared
An FTC survey of one real estate seminar company's customers found more than 95 percent paid it more than they cleared in later real estate transactions.
FTC court filings also showed the company took in more than $400 million from its seminars. The survey covered one company's customers, not the whole industry.
Source: US Federal Trade Commission, Consumer Advice. Read more: real estate investing seminar scam · case file