The FTC accused the pair of promoting a course whose aim was to sell students increasingly expensive courses.
A house-flipping reality-show host and a life coach who has hawked self-help programs with Academy Award-winning actor Matthew McConaughey have agreed to pay hefty fines for promoting a real-estate-investment training course authorities say was aimed solely at selling increasingly expensive classes.
In 2019, the FTC filed a civil suit against Response Marketing and its executives, arguing they had made false claims of teaching customers how to get rich by flipping real estate. The following year, the FTC added Yancey and life coach Dean Graziosi, the author of “Millionaire Success Habits,” as defendants for their roles in promoting the program.Graziosi recently teamed up with McConaughey and self-help guru Tony Robbins to pitch a seminar called “The Art of Livin’.
Between 2015 and 2019, more than 700,000 people attended Response Marketing’s free introductory course, the FTC said. Some 70,000 of those agreed to sign up for the program’s three-day follow-up course for $1,000 each, the agency said. On Monday, the agency said Response Marketing and its owners had agreed to pay a $15 million penalty and to a ban on selling any money-making opportunities in order to settle the suit. Graziosi agreed to pay a $1.25 million fine and Yancey agreed to pay a $450,000 penalty.
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