
Another One: TINA.org Calls Out DJ Khaled’s Undisclosed Alcohol Ads, Again
DJ Khaled is back to his old ways with his latest new drink alert.
Be wary of large ROI claims associated with investing in delinquent tax liens.
The Government Tax Lien Network says it has the know-how you need to make a killing buying up delinquent tax liens from local municipalities that are looking to recoup lost payments. The company had made several claims to that effect on gtlndvd.com:
But when an ad industry watchdog questioned the Government Tax Lien Network about these claims and others made on gtlndvd.com, the company “failed to provide a substantive response,” said the Electronic Retailing Self-Regulation Program (ERSP), which then referred its inquiry to the FTC.
The ERSP also expressed concern over the impression that the official-sounding program is affiliated with the federal government (it’s not). Gtlndvd.com expired on Sept. 18, according to a notice on the page that the URL now directs to.
Meanwhile, several articles warn about misleading claims regarding large tax lien returns. A Forbes article, for example, cautions that individual investors generally earn between 4 and 7 percent a year after all expenses are factored in — a far cry from the 16 to 50 percent ROI touted by the Government Tax Lien Network.
The Forbes article also notes how only 28 states allow tax liens to be sold to private investors, which disproves the claim that a return can be “guaranteed by law in all 50 states.”
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