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Saturday, November 26, 2011

Robert Kiyosaki's Rich Dad Education scam being sued in federal class action

These right-wingers have pretty devious scams to supposedly help poor, ordinary people get rich. But in the end, the truth comes out and their get-rich schemes are just a scam to steal from the poor to get the frauds richer.

Economics 101 lesson with Glenn Beck
Relief for the Gulf Oil Spill, Rush Limbaugh style
Kenneth Lay (Enron): Rot in Hell
Donald Trump's secret to get rich
Amway/Quixtar


Robert Kiyosaki is well known for his book "Rich Dad, Poor Dad", which became a best seller because it touches on peoples' desire to get rich. The book eventually evolved into live seminars in hotel conference rooms and then overpriced and worthless get-rich-quick real estate training courses.

Last week, a federal class action lawsuit was filed against Kiyosaki's Rich Dad fraudulent courses.
A federal class action claims Rich Dad Education and its affiliates use their "free classes" and $199 seminars about financial success as a come-on in a high-pressure "sales scam" to sell worthless courses for tens of thousands of dollars.

Named plaintiff Robert Crewe says Rich Dad's "sales scam is built on a misleading three-tiered sales pitch where customers are sold increasingly expensive financial training programs using pressures tactics and false promises."

Crewe says he paid $199 to attend a "Rich Dad Education Stock Success 3-day Training program, which was supposed to provide training and education in trading stocks."

But he says, "Defendants did not provide any training or education at the workshop. Instead, the sole purpose of the workshop was to up-sell 'students' into additional useless but more-expensive coursework and monitoring, which costs up to $64,899 per enrollee."

Also sued are Cashflow Technologies, Tigrent Learning and two entities, two Rich Dad affiliates, and Robert Kiyosaki, who lives in or around Phoenix and allegedly "approved, authorized, either expressly or tacitly directed, ratified and/or participated in the acts complained of herein".

Robert Kiyosaki is deeply connected with the right-wing scammers crowd like Glenn Beck, Donald Trump, and Amway. Here are some truthful and accurate analyses on Kiyosaki and Rich Dad.

John T. Reed's analysis of Kiyosaki
Rich Dad Investigative Report – CBC
My Beef With Rich Dad Poor Dad Author Robert Kiyosaki!
Rich Daddy Nightmares

Watch out for the right-wing get-rich-quick scams. It's only a scam to get them rich at your expense.

Update October 13, 2012 - Robert Kiyosaki has filed for Chapter 7 bankruptcy protection for one of his companies, Rich Global LLC, after loosing a $24 million judgment to Learning Annex.

15 Comments:

  • I guess it took the financial crisis for people to wake up and see they were being sold a whole lot of nothing. About time.

    By Anonymous Clara, at 2:27 PM  

  • I do not know what to do. I have also been scammed by them and they refuse to give me a refund and refuse to help me find someone to transfer this crap to! They are holding on to my money! I am a student and only attended thinking it would be interesting and helpful and was lied, told that I did not need to attend any further classes than the first $199 workshop. I need help and I do not know who I can reach out to! Advice?

    By Anonymous Vaidehi, at 12:46 PM  

  • Try contacting one of the watchgroup websites I linked above and ask what to do. John T. Reed has been around for many years exposing the Rich Dad scam and I think he can help out the best. If you get detailed information from them, please share it with the rest of us.

    By Blogger sailerfraud, at 11:41 PM  

  • It's Analyses.

    By Blogger Jesse M. Holmes, at 8:35 PM  

  • I attended the Rich Dad seminair in Reno NV a few months ago.Got the book and paid the $197...Did the 3 day event.Some big tall man named Andy Taylor came in and started working the crowd,claiming you dont need money...you want debt!Alot of repeat/relay what I just said questions! Was a couple that put up there 401K ,Suckers!They charged me $39.95 before end of the seminar.Got mad and cancelled the monthly subscription!

    By Anonymous Franklin, at 8:50 PM  

  • As much as I despise Kiyosaki, the problem is, even the Rich Dad empire shuts down, there will always be another scam artist to take his place and scam more people.

    By Blogger sailerfraud, at 11:08 PM  

  • I've taken the classes, and they work. Yes, spent a few g's. But the education works. Stop whining you lazy drones. work instead of blaming others for not providing for you. Roberts right, there are workers and creators. Workers complain, creators do.

    By Anonymous Anonymous, at 10:29 AM  

  • If you buy into something and only put in half ass work then none of it will work weather it is this grants and stocks all seminars sell classes then up sale some people buy in then pull the poor me i got scammed others take the info and make it work. The whole thing is if you think you can get rich quick then your stupid you have to work for it sacrifice being lazy and unorganized to make it or just play the Lotto. Information and understanding is the real wealth that you can make money anywhere without it your just another free loader on social security, section 8, getting food stamps hoping the hard working people out there are made to pay your way through life by government taxing them to support you.

    By Anonymous coconut, at 7:46 PM  

  • Don't blame the "right-wingers". The biggest crook and criminals are in White House and Senate, Obama, Reid, Pelosi and the Demoncats (Democrats for you on the leftwho couldn't figure that out). I lived in Phoenix, and no one there could find any real estate that Kiyosaki (claimed he) owned, except I saw the house he lived in (don't think that was in his name either though).

    By Anonymous Anonymous, at 2:11 AM  

  • Robert and his company isn't a scam. I've paid for the seminars and have received the information. I'm not rich, but the information he provides is. If you paid your money and you have nothing to show for it, you should be asking yourself what aren't you doing to make your situation better. Schools provide degrees that put you in a better position to get a job, but you're not guaranteed one, but you're not suing the school system. Robert and his company provides an education that doesn't give you a degree, so you feel you have nothing to show for it. If you handed your credit card over, then you should give yourself a good smack in the face because you signed up and paid for something that you weren't ready for and didn't fully believe in yourself to do. When you fail, it's no one's fault but your own. Pointing fingers only proves what lack of responsibility you are willing to take on your own future. I'm sure your lawsuit won't work out, but even if it does the money won't last long because you don't know what to do with it.

    By Anonymous Anonymous, at 4:12 PM  

  • Robert kiyosaki is a scam with his rich dad scam company. He doesn't care why people think of him along as he gets richer.

    By Anonymous Anonymous, at 12:32 PM  

  • I attended the 3 day real estate program, the speaker (Ann Sanfelippo) spent most of the time trying to sell us classes that cost 10K to 50K+. She gave a high level overview about a few areas of investing but not anything I could use right now to make any money, she would always say that the details would be covered at the next level classes. There were a couple of rumors going around the class, one was that the class instructor (Ann) had lost her home to foreclosure in the last year, no one had the balls to ask her. The second rumor was about a bus tour they were offering as one of the next level classes, they claimed this is where they teach you "hands on" type training, but in fact, this is where they sell you low income rental Real Estate properties for 50K or more. My friend who attended could not believe they would even attemp this type of scam, but they did. They sell you training classes then set you up to be sold properties by one of their associate partners, my friend was wondering how much Rich Dad was getting for this set up. Think about it, I will teach you about real estate and then introduce you to my partner, who will sell you properties that match what I taught you, is anyone concerned? My friend did not buy, he could see what they were doing and it made him very uncomfortable. It appears that the only thing that Rich Dad is concerened about is getting your money, watch out, proceed with caution when dealing with them.

    By Anonymous Anonymous, at 10:35 AM  

  • Hi sailerfraud,
    I loved reading this piece! Well written! :)

    jason
    RMP Property

    By Blogger jason haris, at 5:21 AM  

  • I m not used to of reading very much books but this book do some kind of magic I finished it in 2 days and it actually have a lot of knowledge one should know....:)
    It teaches how to earn invest and play with money.....Thumbs up for the Author..

    By Anonymous Diwali SMS, at 12:26 PM  

  • rich dad and his bitch con wife belong in jail!

    By Anonymous Anonymous, at 2:57 AM  

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