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Old 10-03-2005, 09:50 PM
reguru
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Unhappy Best-selling real-estate authors: Where are they now?

Best-selling author: William Nickerson

Book: How I Turned $1,000 into $5 Million in Real Estate in My Spare Time

Financial lowlights:
Got richer until death in 2000

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Best-selling author: Albert Lowry

Book: How to Become Financially Independent by Investing in Real Estate

Financial lowlights:
Declared Chapter 7 bankruptcy in June of 1987

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Best-selling author: Bill “Tycoon” Greene

Book: Two Years for Freedom

Financial lowlights:
Indicted on 1/13/81 for federal income-tax evasion. In 8/81, he was convicted, sentenced to prison and fined. He later escaped from the minimum security prison and is now apparently living in England under the name Dr. William G. Hill.

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Best-selling author: Craig Hall

Book: Craig Hall’s Book of Real Estate Investing

Financial lowlights:
Sued by the Resolution Trust Corporation for various wrongdoings, filed bankruptcy in April of 1992

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Best-selling author: Dave Del Dotto

Book: Cash Flow System

Financial lowlights:
Charged by the Federal Trade Commission with misrepresenting products on 4/22/93, lost headquarters building to foreclosure on 5/6/93, subject of federal tax lien for $240,406.38 in unpaid taxes, sued by State of Washington, IRS placed a lien on his home in 1993, agreed to pay $200,000 fine to the FTC, filed for Chapter 7 bankruptcy in 1995
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