Colorado Attorney General Wants To Stop “Get Rich Quick” Ads

Colorado Attorney General John Suthers announced Firday that his office and the Federal Trade Commission have obtained a court order barring Westminister-based Dalbey Education Institute from airing misleading infomercials.

The order stems from a lawsuit the Office of the Attorney General and the Federal Trade Commission filed in May alleging that the infomercials, called “Winning in the Cash Flow Business,” misled consumers to believe they could get rich quick by dealing seller-financed promissory notes or cash flow notes, said the office of the Colorado Attorney General in a news release.

The order, filed in U.S. District Court for the District of Colorado, requires that the companies and their principals cease the broadcast of any infomercials claiming that consumers can get rich quick though the sale of promissory notes, said the Colorado Attorney General’s Office.

Under the preliminary injunction, any infomercials the Dalbey Education Institute runs until the case is resolves or a permanent injunction is entered would be required to highlight the low success rate of consumers purchasing its products. said the Office of the Colorado Attorney General.

According to a survey the Federal Trade Commission conducted as part of its investigation, only 0.8 percent of consumer who purchased less than $500 of the Dalbey Education Institute’s products ever sold a promissory note, said the office of he Attorney General’s Office.

The survey found that only 2.8 percent of consumers who paid $500 or more for Dalbey Education Institute products ever sold a promissory note, said the Attorney General’s Office.

The Office of the Attorney General investigated the defendant companies and their principals in cooperation with the Federal Trade Commission, said the A.G’s Office.