Emergent has filed suit under the federal Racketeering Influenced and Corrupt Organizations Act («RICO») on behalf
of 164 former students
of «Flip This House» star Armando Montelongo and his companies, alleging that the real estate mogul's educational offerings — which cost up to tens
of thousands
of dollars, and which are attended by thousands
of students every
year — do not live up to the central claim that the Montelongo «system works in any financial market, at any given time,» and are instead the heart
of a fraudulent scheme to sell students
worthless «
education.»