Scott Yancey & Amie Yancey are the big names in real estate industry but its no surprise that duo are scamming people through their seminars.
Not long ago, my husband and I, were watching our Sunday morning routine program on the television. After the program got over, I started changing channels randomly. After changing one after another, I found a program which was titled Real Estate Investing.
This program seemed interesting to us for a couple of reasons: One; my husband and I had made up our minds earlier this year to start putting our money in real estate for getting maximum benefits that were possible.
And coincidentally, this program talked all about, how to invest in real estate. Two; this program featured celebrities like, Flipping Stars from Vegas and the famous pair, Scott and Amie Yancey.
As my husband and I were planning to put our money into real estate, we have been inquiring as well as learning few materials that were available on real estate. We have been attending seminars of Remax Advantage Plus and Minnesota Realtor Investors group.
I have personally taken interest and made sure that I have purchased and read books like Land Trusts, forming LLC’s, Real Estate Investing and Financing Real Estate. The other reason to mention our research on real estate investing is, to make sure that whoever reads this, does not think that we went to the seminar that was conducted by Real Estate Investing, with a fold on our eyes.
On the other hand, the seminar was meant to be free of charge; so, it easily convinced me and my husband to register for it. I still remember how fast things were going i.e. on 31st of June we saw the advertisement and registered for the seminar which was to be taking place on 5th of June. As lucrative the advertisement seemed, so was the seminar in real.
Scott and Amie, who were supposed to be hosts, looked really pleasant on the video that was shown to us at the start. The celebrity pair explained us how they started investing. They said there was a profound reason behind their investment.
According to Amie, they wanted to do some charity for which they decided to give a rejuvenated house to a vet. Steve, being the host instead of Amy and Scott, came forward and started to give a brief about how Scott and Amy started with a reason, we should also participate and join our hands with Abundance Edu.
He explained how Amy and Scott started for a reason, we should all have a reason and start investing. He mentioned how investing 2194 USD, would grant us permission to have information about 100’s of houses that were specially chosen and were bought off tapes of the major banks.
Not just that; he also made sure we were made to see some examples in our own areas. In a nut shell, he seemed very convincing. His offer was simple: his company had access to all these information, if we had to get that information then we had to undergo the training from his company.
After undergoing the training, we were meant to have access to all such houses in our area and in addition to that, we would also have access to the financing which had better rates and interests than the others. In short, he made sure that the offer looked mouth-watering.
My husbands and my motive for attending the seminar was to earn knowledge about real estate investing. We wanted to make sure that if we invested, we made sure, we were bound to receive the benefits.
The offer which was made in front of us was such that, if everything went according to Steve’s saying, we were bound to earn profit. To put pepper and salt on the dish that was prepared, he introduced us to Tish who was from Wisconsin.
Tish was a student of Amy and Scott, she said she got involved in this training as she had a daughter who had given birth to twins. However this twins were born with disabilities. Like me and my husband, Tish and her husband, opted for the training; learned a lot from it and got their daughters problem solved.
This is how we were made to see; firstly the benefit people gained while opting for the training and then, we were made emotional at the same time. Almost everyone who attended the seminar, was emotional and wanted to opt for the program.
I and my husband opted for the training. What started from a free seminar, now took 2194 USD per person from us and what is coming next is even more shocking as well as threatening. In fact, it is extorting. We paid the required fees in installments. This made sure that we would be present in the 3 day training in real estate investing.
It started from 12th June. It was scheduled at Hyatt Regency, here we were greeted by a bunch of four namely: Darin, Garin, Rob and Brandon. Brandon was the one who guided us to our name tags and the information form that we were supposed to fill. This information form was quiet interesting as it asked about our credit card details.
The amount of loan we had on our house etc. etc. It had every confidential information that a person will reveal to only few others. Before the start we happen to sit beside a gentleman who was from Caribbean.
He told us how he and his partner who was from Minnesota, had attended a lot of such seminars. These seminars were put on by Flipping Boston stars, but he informed us how these seminars were scams to get a huge amount that was 30000 USD from you.
In the meantime, Garin, who was the seminar consultant showed up and started shouting on that person. He was literally screaming on that person for talking with us. I wish, I would have understood this signal and would have opted out from the seminar, which I did not. And what came next was worth a lot of learning in every other sense but Real Estate.
We sat down in the seminar room. Then came the devil Garth. Devil Garth kept us turned on with the heat of extortion for the next few hours. He started with informing us to rub our hand for our teacher Deno.
In this exercise, he was an avid observer. He made sure that people who did not do that were punished by his brutal screams. He started saying that from now onwards, till the seminar ends, every other person needs to participate in every other exercise he/she is told to. His exact words were,” I would not tolerate it for long because I am sick and tired of non-doers.” Deno explained us how he began upon his journey in Real Estate investing.
He told us about his wife Melissa. After that we were given a break, but we weren’t allowed to talk with each other. This was very strange, because frankly speaking it would have been nice if people interacted.
Then came Deno again, who told us that for getting access to the tapes and all the information which was promised to us in that free seminar would cost us 30000 USD. It was still afternoon and the real color was starting to shine out. All other lucrative colors faded away and the real color was clearly visible.
Deno did not allow to ask us any question. When an old man in front of us tried asking, he belittled him. This seminar ended somewhere around 6, until which we were completely drained out.
There was no wish to learn anything else about Real Estate in my or my husband’s minds. In lunch break, also we were informed about giving them 30000 bucks and how are they going to benefit us. I think they were really extorting us. Their way of asking, was rather not their way of asking, it was demanding.
They gave us a script, how we should talk to our credit card agencies to get our limits a little bit higher than what it was. I am my husband were in no moods to do that. We had done that a little bit earlier and we could not wish to do that again and again. If that would happen, he would rather demine our limit from what it was. Every moment in that seminar room, was a huge lesson to be learnt.
People should learn after viewing this feedback about how other companies on the name of knowledge, rips Layman off out of several thousands of bucks. There was no teaching and only threatening that we got to know.
We were not having access to a single house or their finances. On further enquiring we got to know that this company has many names. It uses a new name every time so they stay elusive in nature.
However, the amount of specifics that I have written in this feedback would surely make you capable of catching them.
PLEASE USE THIS INFORMATION AND DO NOT LET THEM EXTORT YOU.
9990page views and 30000$ of monetary losses. The most of the users reported the severity of the scam is high.