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