Feds Investigating Foreclosure Investment Seminar

WFOR-TV Channel 4 in Miami, Florida reports:

• "From documents filed with the government, [Channel 4] learned that the [Whitney Information Network] is being investigated by the Securities and Exchange Commission. The U.S. Department of Justice is looking into their marketing techniques, and they face several lawsuits alleging securities fraud. The Better Business Bureau has given them an unsatisfactory rating. In fact, the BBB says they've received more than 200 complaints against the company in the past three years."

The company, which is run by Russ Whitney, was in South Florida this week promoting their "Teach Me Foreclosure" seminar and Channel 4 went there to get some answers to questions about the ongoing Federal investigations.

For more, watch the WFOR-TV report, or to read the online story, see Feds Investigate Real Estate Seminar Company.

For a story on legal action taken against foreclosure seminars, see Illinois AG Sues Foreclosure Seminar Operator.