(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.
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NEW YORK, NY – MAY 17: Hilary Farr attends The Paley Honors: Celebrating Women in Television at Cipriani Wall Street on May 17, 2017 in New York City. (Photo by Mark Sagliocco/FilmMagic) -
Los Angeles, 2017: ‘Flip or Flop’ hosts pose for a portrait session in November 2017 in Los Angeles, California, (Photo by Aaron Rapoport/Corbis/Getty Images)
