A ‘get rich quick’ property guru’s offer of property wealth comes with a hefty price tag, it was reported at the weekend.
The Daily Telegraph said that students of Samuel Leeds at a free wealth seminar were told that they would receive mentoring and ‘guaranteed’ deals if they signed up for further training costing thousands of pounds.
The Telegraph’s investigation highlighted the case of army veteran Danny Butcher, who committed suicide last October after taking out a loan to pay for the further training.
The Telegraph emphasises that there is no evidence that the suicide was a result of going on the wealth seminar, but illustrates “the appeal of such courses to vulnerable people who may already be in financial difficulty”.
Telegraph writer Sam Meadows went on 13-hour ‘crash’ course’ held by Property Investors with Samuel Leeds, finding that it promoted a further course, the Deal Finding Extravaganza and a programme called the Academy.
The Telegraph also talked to attendees with concerns about the training, with one saying he took out a loan to join the Academy which said it was “pointless” and another who used his savings to pay the fees but did not secure one deal. The paper has also criticise th lack of regulation of wealth creation courses, leaving vulnerable people expose.
The BBC’s Inside Out programme in the London area is tonight due to highlight property investment ‘training’ courses. More here
The tragic death of Danny Butcher was the subject of a column in EYE by Vanessa Warwick.