Customers of house-flipping scheme tied to HGTV stars to receive $12M in refund checks [View all]

Source: KTVX-TV Salt Lake City, UT

Posted: Jul 31, 2024 / 05:23 PM MDT
Updated: Jul 31, 2024 / 05:23 PM MDT


(NEXSTAR) – The Federal Trade Commission (FTC) is distributing $12 million in payments to thousands of Americans after it says a Utah-based company with ties to multiple HGTV stars duped people into paying for pricey seminars promising success “flipping” houses.

The company, Zurixx LLC, agreed to a settlement in Feb. 2022 after it allegedly used false earnings claims to convince would-be real estate entrepreneurs to pay, in some cases, tens of thousands of dollars to learn the Zurixx’s house flipping system.

Zurixx owners Christopher Cannon, James Carlson and Jeffrey Spangler boosted sales from the coaching scheme by partnering with home-improvement and flipping TV personalities, according to the FTC.

Celebrities involved included HGTV stars Tarek and Christina El Moussa of “Flip or Flop” and Hilary Farr, along with Peter Souhleris and Dave of A&E’s “Flipping Boston,” among others. In some cases the TV stars never actually showed up for the classes, sending pre-recorded video messages instead.

Read more: https://www.abc4.com/news/customers-of-house-flipping-scheme-tied-to-hgtv-stars-to-receive-12m-in-refund-checks/