DENVER—A company that has run infomercials for nine years offering to teach people how make money in the promissory notes business is being sued by state and federal officials.
Colorado Attorney General John Suthers Tuesday announced the lawsuit against Westminster-based Dalbey Education Institute. The company formerly known as American’s Note Network markets its products in infomercials titled “Winning in the Cash Flow Business,” some that feature celebrity Gary Collins.
In a lawsuit filed in U.S. District Court last week, Suthers and the Federal Trade Commission allege that the company and its principals engaged in deceptive trade practices.
The lawsuit alleges that very few customers earn money from the company’s products and testimonials from some who have don’t disclose actual earnings after costs are deducted.
The company denies the allegations.
