Colorado AG Joins FTC In Lawsuit Against Westminster Company

May 31, 2011 6:32 PM

(credit: CBS)

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WESTMINSTER, Colo. (CBS4) – The Colorado Attorney General’s Office has joined the Federal Trade Commission in suing a Westminster-based company that teaches people how to get rich quick.

The Dalbey Education Institute has run infomercials on TV for nine years. It offers to teach people how to make money in real estate without ever having to buy, sell or invest in property. The course is called “Winning in the Cash Flow Business.”

In a lawsuit filed in U.S. District Court, Attorney General John Suthers and the FTC allege deceptive trade practices and that very few customers actually get rich from the program.

“We have thousands of happy customers. The government has made a mistake and we look forward to our day in court,” Dalbey Education Institute CEO Russ Dalbey said in a statement.

Colorado AG Joins FTC In Lawsuit Against Westminster Company

Current

This is a one sided story that has gone too far. These ex-employees are full of half truths that have been twisted due to leaving on bad terms and at their own discretion. I would recommend looking at people that we have helped become successful and change their lives dramatically. Either that or current employees that don’t have a vendetta.

ex

you will have a vendetta soon… Russ Dalbey has ZERO loyalty to anyone! Good luck with your “Career”
iloveruss!

We would like to hear from these customers as well!!!! Let’s talk to them and hear about all of the fortunes they have made..Like Marcia Kellogg… Oh that’s right… She is a liar… Wait.. isn’t she being sued? Lets see… Any other customers you can produce???? Waiting… Waiting… Waiting… I would be willing to bet that Russ Dalbey can not produce even one customer that was able to make the money and live the life he alluded too in his infomercials. So go find a customer willing to speak and PROVE that they made really good money using this program… And really good money is not 15, 25 05 even 150K..Oh you cant? Waiting! Ill be right here when you can produce anything at all. You might want to look for a new job Russ… Oops I mean “Current”
another

Did you ever stop and wonder why there are SO MANY employees here that have a “Vendetta”? Hundreds and hundreds of employees that left on “Bad Terms”… Do you think that is normal? Just something to think about…

maggie

yes i invested about $5000 , flew out to the training, waste of money!!!!! Try to get someone to talk to you after the training, absolutely rude, arrogant and to top it off as soon as they open their mouth , what do they do ask you to invest more money,,,,$4000 for templates,,oh if you can not afford it they will reduce it to $2500,, same conversation with employees several times,,,it is a joke
raj kaur

Agree with maggie..I was force into buying their $4000 product and didn’t do anything for me..Russ program is scam..
Laura T

After everything was said and done, including the 3 day seminar trip to Denver that they talked me into, they received approximately $10,000 from me…It’s like their salesmen tried to get you to tell them just how much exactly you had in the bank so they knew how much to get you to cough up, as the amounts were different for everyone, depending on what they could get you to agree to. I never sold one note, and it wasn’t for the lack of trying…Then, I get a call yesterday from a company called Return My Investment (RMI) who said they could help me get a refund…and it turns out that they are also scammers!!! Never pay someone to help you to file a claim that you can do yourself for free by filing a complaint to the FTC and the Colorado Attorney General. I just learned of this lawsuit yesterday and am still researching how to go about getting on the list of Claimants.