FTC Investigates Life Surge Over High-Pressure Sales Tactics and Investment Pitches
What happened
The Federal Trade Commission is investigating Life Surge, a company described as a Christian wealth-building enterprise, regarding its sales practices. The company is accused of employing high-pressure sales tactics during seminars, which are marketed to potential members. Attendees are encouraged to enroll in expensive 'SurgeU' programs costing up to $50,000, often requiring them to finance purchases using high-interest credit cards, home equity loans, or by cashing out 401(k) accounts.
From tmz.com
Why it matters
The company allegedly pitches these programs as a method to achieve wealth through investments and real estate. While the company's messaging links financial success to its religious mission, reports indicate that warnings about potential financial losses are brief and may not adequately reflect the complexity of the investments involved.
From tmz.com
Who's involved
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The entities involved
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Federal Trade Commission
United States federal government agency