Reading: Grant “Con-Artist” Cardone Defrauds American Investors

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Grant “Con-Artist” Cardone Defrauds American Investors

Bitcoinist

Bitcoinist | Mar 01, 2019 | 06:21

Press releases

Grant “Con-Artist” Cardone Defrauds American Investors

Bitcoinist

Bitcoinist | Mar 01, 2019 | 06:21


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Grant Cardone referred to as a “Con-man Cardone” has been indicted for potentially defrauding hundreds of American citizens to invest in fraudulent real estate investments. A further investigation reveals the selling of bogus, regurgitated sales training through a frequently negative reviewed “Cardone University”.

The scheme works similarly to the events in the movie “Boiler Room” starring Giovanni Ribisi, Vin Diesel, Nia Long and Ben Affleck, a 2000 American crime drama film written and directed by Ben Younger where tightly packed rooms of phone salesman offer products and services that lack any intrinsic value, or in this case is just an outright scam.

The predator Grant “Con-man” Cardone preys on a base of poorly educated, often times young adults without parents that have criminal backgrounds to call small businesses offering sales training and advice.

A report shows data brokers sell Cardone without consent, private corporate information similar to Facebook’s Cambridge Analytica incident which occurred in 2018.

He then harasses these small businesses through vigorous sales tactics including but not limited to phone calls and selling them on training which reports have shown better material freely available on the web all upwards of the cost of $30,000 – $150,000 to his victims.

The scam artist uses sleazy sales tactics referred to as ‘poor value based contract selling’ which forces companies and customers to pay a monthly or annual accruing basis. Furthermore, the data is bundled up and recycled to promote additional ‘poor value based products and services’ such as live events and conferences.

A background check shows “Con-man Cardone” as a self-proclaimed low-fruit hanging salesman.

A list of the following can be included in the fraudulent scheme:

Cardone Capital
Cardone University
10x Growth Conference
Cardone Zone Podcast

Dozens of investors have already started fleeing from his investment schemes.

His wife, Elena Lyons, failed movie actress and adult film star has played roles in multiple porn related movies such as Club Dread where she performs fellatio and is featured on major adult websites including:

xHamster.com
Pornhub.com

Cardone Enterprises which a holding company has also been brought to the spotlight defrauding thousands of customers to attend bootcamps, conferences and other live events where customers are reeled in the tens of thousands and promoted additional zero value based products and services where further reports show a poor return on investment.

How far has this con artist gone to swindle his victims? With over 1 million followers on Instagram and 100,000 subscribers on YouTube, who knows how deep this rabbit hole goes.


Disclaimer: Bitcoinist is not responsible for the accuracy of this press release or the validity of the details within.


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