Tuesday, September 4, 2012
John Beck Owes the FTC $113 Million
The FTC has won a final judgment against famous "Pennies on a Dollar" guru John Beck. I wrote about the FTC's preliminary victory in a previous post.
The case is Federal Trade Commission v John Beck Amazing Profits, LLC et al, U.S. District Court for the Central District of California, 09-cv-04719
John Beck is individually liable for $113 million. The other real estate gurus involved in this case are Jeff Paul and John Alexander.
The final judgment was issued on August 23, 2012 by U.S. District Judge Jacqueline Nguyen in Los Angeles.
Sad story. I always admired and liked John. A great writer and teacher, at least a long time ago.