Dave Ramsey Sued for $150 Million by Former Fans Who Followed His Timeshare Exit Advice

 By Bob Smietana - Posted at Ministry Watch:

The class-action lawsuit is the latest legal woe for Ramsey and his company

(RNS) — 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.

Continue here.

See also:

• Ex Dave Ramsey followers sue him for more than $150M | U.S. News (christianpost.com)