Emergent Brings Group Civil RICO Suit Against Former "Flip This House" Star

Emergent has filed suit under the federal Racketeering Influenced and Corrupt Organizations Act ("RICO") on behalf of 164 former students of "Flip This House" star Armando Montelongo and his companies, alleging that the real estate mogul's educational offerings -- which cost up to tens of thousands of dollars, and which are attended by thousands of students every year -- do not live up to the central claim that the Montelongo "system works in any financial market, at any given time," and are instead the heart of a fraudulent scheme to sell students worthless "education."  In what appears to be the first major lawsuit brought against the defendants over their seminars, the students seek over $12 million in trebled RICO damages.

A copy of the complaint is here.  If you'd like to know more about this lawsuit or our other group action work, email us using the webform, and someone will get back to you promptly.