How did Armando Montelongo commit fraud?


Quick Answer

Although he has never been convicted of anything, as of 2015, Armando Montelongo and his company, Armando Montelongo Seminars, were investigated by the Texas Attorney General in 2011 and paid $100,000 with a promise to avoid deceptive practices, according to WTAE Pittsburgh. Felony theft of service charges were eventually dropped.

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Full Answer

Armando Montelongo Seminars invites those interested in house flipping to a free seminar, in which they claim to give attendees the tools to succeed in the business, explains Forbes. They are then invited to further seminars, the first of which costs around $1,500 and the second $40,000 per couple. The company received an F rating from the Better Business Bureau and came under criticism due to the lack of practical advice or proven success. Forbes states, in 2013, that Montelongo has responded to these criticisms by saying that his company has 300,000 people a year coming to the events and that there have been less than 200 complaints. He also boasts that even Walt Disney would not have dreamed of such high levels of customer service.

Armando Montelongo rose to prominence along with his wife, Veronica, due to his hit A&E show "Flip This House" and his book on the same subject, "Flip and Grow Rich," notes Forbes. He and his company are both based in San Antonio, Texas.

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