• Utah AG Sean Reyes and the FTC have reached an agreement with real estate investment coaching firm Zurixx, LLC, related entities and their three owners (collectively, “Zurixx”) to resolve allegations that Zurixx used false statements and misleading to market its programs in violation of the FTC Act, Consumer Review Fairness Act, Telemarketing and Consumer Fraud and Abuse Prevention Act, Telemarketing Sales Rule, and Utah consumer protection laws.
  • The second amended complaint alleged that Zurixx used inflated tax returns, celebrity endorsements and high-pressure telemarketing methods to lure tens of thousands of clients into free real estate flipping seminars, which turned out to be aggressive sales pitches for paid seminars costing thousands of dollars. dollars.
  • Under the terms of the order, the corporate defendants are subject to a judgment of $104.7 million and each of the individual defendants is subject to a judgment of $2.33 million. Additionally, all defendants are permanently banned from marketing or selling real estate programs or business coaching, among other things.