Victims of Real Estate Scheme Endorsed by Celebrities to Receive $12 Million in Refunds: FTC

Published on August 7, 2024

The Federal Trade Commission (FTC) is distributing $12 million in payments to victims of a massive real estate investment coaching scheme that was endorsed by multiple celebrities, the agency said on July 31. The money will go to approximately 25,563 consumers who paid Utah-based Zurixx LLC for a real estate investment training program that promised they could earn large amounts of money by buying and selling homes for a profit, a practice also known as flipping. According to the FTC, Zurixx, which is owned by Cristopher Cannon, James Carlson, and Jeffrey Spangler, made “empty promises” and “misleading” comments to customers who purchased the real estate investment training program....

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