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Tom vu house9/6/2023 These plants may offer testimonials, ask leading questions and make supportive comments throughout a presentation. “You only need one or two dominant people to influence up to 10 others,” says Ricciardi. Many seminars plant someone in the audience to guide the group toward a certain way of thinking. “But they do employ highly questionable ways of parting you from your money.” Here are the most common. “These seminars don’t have to be a scam,” says Victor Ricciardi, finance professor at Goucher College in Baltimore. And judging from the dozens of websites created by would-be property moguls, there are a lot of dissatisfied customers. No one knows exactly how much is spent on these real estate seminars and their “educational programs,” but they continue to crop up in hotel conference rooms across Canada. The stories convinced Caranfa to charge almost $30,000 to her credit card for the “comprehensive educational system” and 12 months of ongoing support. Caranfa listened to evangelical testimonials from people who had quit their six-figure-salary jobs after only one year and went on to double, even triple their net worth through real estate investing. This is exactly the promise-from a well-known Canadian TV personality-that enticed Fernanda Caranfa, a former teacher, to attend a free seminar in Toronto. Chances are you’ve come across more than one late-night commercial, email or full-page newspaper ad making a similar claim about becoming financially secure through real estate investing. While Tom Vu is no longer in the real estate business (he was later reincarnated as a professional poker player), his legacy remains. During these cheesy ads, Vu would promise that you, too, could learn the secret to making millions in real estate just by attending his free seminar. A grinning Vu stood on a yacht surrounded by girls in bikinis, or in front of a mansion with a fabulous fountain and a Bentley in the driveway. About 20 years ago, a late-night infomercial featured Tom Vu, a Vietnamese immigrant with a rags-to-riches story.
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