Federal Trade Commission Sends $12 Million in Refunds to Victims Harmed by Zurixx Real Estate Investment Coaching Scheme

The Federal Trade Commission is sending more than $12 million in refunds to consumers who paid Zurixx, LLC for a real estate investment training program that allegedly made empty promises about earning big profits by “flipping” houses.

The FTC and the Utah Department of Commerce Division of Consumer Protection (UDCP) sued Zurixx and its owners, Cristopher Cannon, James Carlson, and Jeffrey Spangler in September 2019. The complaint, as later amended, alleged that the defendants operated a real estate investment coaching scheme that sold live seminars and telephone coaching using false earnings claims that convinced consumers to pay them thousands or tens of thousands of dollars in a relatively short amount of time by “flipping” or wholesaling real estate using Zurixx’s system. The defendants bolstered sales by partnering with home-improvement and flipping television personalities.

Read More at The Federal Trade Commission