The class-action lawsuit is the latest legal woe for Ramsey and his company
Dave Ramsey Sued for $150 Million by Former Fans Who Followed His Timeshare Exit Advice
One of the founders of Timeshare Exit Team, violated the Washington Consumer Protection Act by defrauding customers, committed “negligent malpresentation” and were guilty of “unjust enrichment” and conspiracy …
Bob Smietana with Ministry Watch reports:
A group of former followers of Dave Ramsey has sued the Christian finance guru and radio host, along with his company and a marketing firm, for endorsing a failed timeshare exit company that allegedly defrauded customers out of millions.
Seventeen former Ramsey listeners filed a class-action lawsuit in the U.S. District Court for Western Washington alleging Ramsey was paid as much as $30 million from 2015 to 2021 to endorse Timeshare Exit Team, a Kirkland, Washington-based firm that collected $200 million from clients — many of them Ramsey listeners — in exchange for a promise to free them from their timeshare obligations.
That promise came with a money-back guarantee.
But the company, which often collected more than $5,000 per customer, failed to live up to its promises. In 2021, Reed Hein & Associates LLC, which did business as Timeshare Exit Team, paid $2.61 million to settle a deceptive business practices lawsuit filed by the attorney general of Washington state and later went out of business.
The lawsuit alleges that Ramsey, Timeshare Exit Team and Happy Hour Media Group, a marketing firm with ties to Brandon Reed, one of the founders of Timeshare Exit Team, violated the Washington Consumer Protection Act by defrauding customers, committed “negligent malpresentation” and were guilty of “unjust enrichment” and conspiracy.
The lawsuit seeks damages in excess of $150 million.
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