{"id":3137,"date":"2016-02-29T19:07:04","date_gmt":"2016-03-01T00:07:04","guid":{"rendered":"http:\/\/www.jeannorton.com\/?p=3137"},"modified":"2016-10-25T16:18:48","modified_gmt":"2016-10-25T21:18:48","slug":"3137-2","status":"publish","type":"post","link":"https:\/\/mct.amw.mybluehost.me\/jeannorton\/3137-2\/","title":{"rendered":"Armando Montelongo Facing Civil RICO Law Suit"},"content":{"rendered":"<h2>Armando Montelongo Now Faces\u00a0a Civil RICO Lawsuit Backed by 164 Former Students<\/h2>\n<p>Many that have followed me over the years know that my first exposure to Real Estate education was through one of Armando Montelongo&#8217;s very first bus tours. \u00a0I was told I would be rich, that being in his inner circle was all I needed to find deals, lenders, agents, contractors and all that is needed to achieve wealth &#8211; at least that is what I remember of the promises.<\/p>\n<p>Naturally when I got home I realized after attending some REI meetings that I didn&#8217;t know enough about real estate in my local market. I bought more programs, listened to as many podcasts as I could, and watched as many webinars as I could as I found the path of investing that worked for me. \u00a0I&#8217;m still here, investing in real estate, and no, I&#8217;m not rich yet.<\/p>\n<h2>Here is an excerpt from the press release:<\/h2>\n<blockquote><p><a href=\"http:\/\/emergent.law\" target=\"_blank\">Emergent<\/a> has filed suit under the federal Racketeering Influenced and Corrupt Organizations Act (&#8220;RICO&#8221;)\u00a0on behalf of 164 former students of &#8220;Flip This House&#8221; star Armando Montelongo and his companies, alleging that the real estate mogul&#8217;s educational offerings &#8212; which cost up to tens of thousands of dollars, and which are attended by thousands of students every year &#8212; do not live up to the central claim that the Montelongo &#8220;system works in any financial market, at any given time,&#8221; and are instead the heart of a fraudulent scheme to sell students worthless &#8220;education.&#8221;\u00a0 In what appears to be the first major lawsuit brought against the defendants over their seminars, the students seek over $12 million in trebled RICO damages.<\/p>\n<p>A copy of the complaint is\u00a0<a href=\"http:\/\/emergent.law\/s\/2016-02-26-Students-Complaint-ECF.pdf\">here<\/a>. \u00a0If you&#8217;d like to know more about this lawsuit or our other group action work,\u00a0<a href=\"http:\/\/emergent.law\/contact-us\" target=\"_blank\">contact us<\/a>.<\/p><\/blockquote>\n<p>You can read more about Emergent Law on their <a href=\"http:\/\/emergent.law\" target=\"_blank\">web-site<\/a>.<\/p>\n<h3>What is RICO?<\/h3>\n<p>RICO stands for\u00a0Racketeer Influenced and Corrupt Organizations. \u00a0This is not the same claim that Presidential candidate, Donald Trump is accused of with his &#8220;Trump University&#8221; Real Estate education program. \u00a0That is merely a class action suit that he&#8217;s been fighting for almost 6 years now. \u00a0(See\u00a0<a href=\"http:\/\/www.courthousenews.com\/2010\/05\/04\/TrumpU.pdf\" target=\"_blank\">http:\/\/www.courthousenews.com\/2010\/05\/04\/TrumpU.pdf<\/a>.)<\/p>\n<p>Where I&#8217;ve seen similarities in the seminar business (see <a href=\"http:\/\/www.jeannorton.com\/the-seminar-business-and-the-hard-sell-up-sell\/\" target=\"_blank\">The Seminar Business and the Hard-Sell Up-Sell<\/a>) from many educators, I&#8217;ve never known any to receive such a strong law suit filed against them.<\/p>\n<p>You can read the claim\u00a0<a href=\"http:\/\/emergent.law\/s\/2016-02-26-Students-Complaint-ECF.pdf\" target=\"_blank\">here<\/a>.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In what appears to be the first major lawsuit brought against Armando Montelongo over their seminars, the students seek over $12 million in trebled RICO damages<\/p>\n","protected":false},"author":1,"featured_media":3138,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_sitemap_exclude":false,"_sitemap_priority":"","_sitemap_frequency":"","footnotes":""},"categories":[],"tags":[16,165,171,194],"class_list":["post-3137","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-armando-montelongo","tag-armando-montelongo-2","tag-real-estate-investing","tag-rico"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Armando Montelongo Facing Civil RICO Law Suit -<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/jeannorton.com\/3137-2\/\" \/>\n<meta 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