Comments on: Investigation: Russ Whitney Should Resign as CEO and Chairman

By: Carol Luken

Carol Luken — Sun, 26 Feb 2012 03:07:01 +0000

Russ Whitney is bad news.Don’t believe anything you hear from him. My friend lost lost her ass following his doctrine. Her credit is ruined. the property she paid 200k for sold at sheriff sale for 64,000 .He SHOULD be held accountable!

By: Kevin

Kevin — Tue, 10 May 2011 16:15:57 +0000

I happen to agree with Brandie also. You get from it what you put in. However, having said that, I immediately suspected Russ Whitney and his learning academy of being a scam after I spent a whopping $9k on his seminars and 2 courses, and found that when I requested assistance on a deal, the help was much lacking, and instead, I was advised to join their coaching program, for another $2500.

By: Sarah

Sarah — Fri, 01 Apr 2011 17:21:55 +0000

Brandie, I completely agree. I have spent about $80k on my engineering education and about $30 on my real estate education (which began with Russ Whitney). I now have two 3-family houses paying rent, and I have been unemployed from my engineering job for almost 12 months, with no prospects in sight. My cashflow from rents is almost enough to live off of. One more 3-family and it will be. I bought one in 2006 so I am severely underwater, but because of the education I received through RW, I understood I am not interested in what the market does. As long as it cashflows, what does it matter? RW made it easy to figure out what cashflows and what makes sense.

I would never have understood the basic principles of real estate if I had not taken the classes offered by RW. If this lady in the article bought something because someone else encouraged her to instead of looking at sound financials, then she did not understand the material presented.

By: Brandie

Brandie — Tue, 02 Nov 2010 16:34:48 +0000

I’m not sure what you guys are upset about. My husband and I took his course about 5.5 years ago and we now own 14 houses. Yes, the information came at a high price, but so does college and there is no guarantee that you will find a job in the field that you trained for. Guess what you still have to pay off all those student loans. We had zero training in any kind of real estate, but in 2 years we had 14 houses. Its all in what you put into it. That goes for anything in life.

By: whitney developments

whitney developments — Fri, 12 Mar 2010 03:37:49 +0000

Robert Kiyosoki BUSTED!!!!
http://www.cbc.ca/marketplace/2010/road_to_rich_dad/main.html
His association with Whitney brought him down.

Watch for major developments in these two class action suits this and next week
1. http://www.archive.org/details/3-07Musuit
2. http://www.archive.org/details/NorthPortSuit

By: Sherry Fearrand

Sherry Fearrand — Tue, 12 Feb 2008 07:47:01 +0000

You got that right! Russ Whitney & his “buddy” companies are bad news. Just look at the facts of recent litigation:
1. His customers are suing him CSK Tel 813-282-6000
2. His stock holders are suing him for defrauding customers, and inflating his stock value.
3. His employees are suing him
4. Several states atty generals have moved against him, like TN, MI, FL etc. FL just settled a multi million dollar suit against Whitney etc. AND are filing another suit. For one proof

Florida Attorney General is filing suit against: Russ Whitney – Gulfstream Developement – United Mortgage Corporation – Douglas Realty
For their fraudulent and illegal practices regarding housing Investor training & Turn-Key new construction houses.
Anyone who has been hurt by these poeple needs to file their complaint with the FL Atty General’s Office (here are step by step instructions)
Go to http://www.myfloridalegal.com
Click on to Consumer Protection-(Left Side Column)
Click on Economic Crimes
Click on Contact Economic Crimes

The Complaint Form will appear. Fill in all sections.

Under Section 2, for Name/Subject list: Russ Whitney/Gulfstream Development/United Mortgage etc.

For Subject/Category dropdown list click on: False or Deceptive Trade Practices

By: Mrs. Micah

Mrs. Micah — Sun, 18 Nov 2007 03:16:48 +0000

We must brainstorm this, plonkee. Anyone else interested? ;)

By: plonkee

plonkee — Sat, 17 Nov 2007 22:47:52 +0000

I’m also wondering how I can get into that racket whilst still maintaining a semblance of ethics. Are we really sure it’s not possible?

By: Mrs. Micah

Mrs. Micah — Sat, 17 Nov 2007 18:18:44 +0000

I want a cult-like following that will pay me thousands of dollars for my nuggets of wisdom so that I don’t actually have to succeed at what I’m telling them to do.

Oh, wait. I don’t. I want to be able to sleep at night.

But there are day…………