Legal question about using a POF "template bank statement"

[Anthony J Cappetto]

Hello,

My fiancée and I have been researching and learning the business of house flipping/rehabbing since Sep 2021. We heard of a program which uses other people's money OPM (I will keep nameless and call Program A) and enrolled with them for a fee of several thousand dollars. We didn't have the membership fee available so we financed with a personal loan. We were very eager to start especially with Program A's "Guarantee to help flip our first home!" promise. Program A also provided a money back grace period of 2 weeks but after we started the class, we found it very insightful and thought we could really do it based on the current course material. Unfortunately, the course material was released based on time and that's when the POF section appeared, which was after our refund grace period. Basically, the instructor provided us a word document template bank statement which we were to fill out with a local bank's information and showing a fake dollar amount. During the video course, the instructor said "I am looking right into my computer camera. This is NOT recommending you to do any of this, this is NOT something I DO *wink, wink*. This is something your competition may be doing of what's going on out there on the market *wink wink*." This was the portion of the program that did not sit right with us and have since been trying without it periodically but overall has turned us off to the whole business of flipping. Is using this template legal at all?

[Bob Stevens]

Quote from @Anthony J Cappetto:

Quote from @Bob Stevens:

Quote from @Anthony J Cappetto:

Hello,

My fiancée and I have been researching and learning the business of house flipping/rehabbing since Sep 2021. We heard of a program which uses other people's money OPM (I will keep nameless and call Program A) and enrolled with them for a fee of several thousand dollars. We didn't have the membership fee available so we financed with a personal loan. We were very eager to start especially with Program A's "Guarantee to help flip our first home!" promise. Program A also provided a money back grace period of 2 weeks but after we started the class, we found it very insightful and thought we could really do it based on the current course material. Unfortunately, the course material was released based on time and that's when the POF section appeared, which was after our refund grace period. Basically, the instructor provided us a word document template bank statement which we were to fill out with a local bank's information and showing a fake dollar amount. During the video course, the instructor said "I am looking right into my computer camera. This is NOT recommending you to do any of this, this is NOT something I DO *wink, wink*. This is something your competition may be doing of what's going on out there on the market *wink wink*." This was the portion of the program that did not sit right with us and have since been trying without it periodically but overall has turned us off to the whole business of flipping. Is using this template legal at all?

So you want to lie about having money, your kidding right? Either you have the money or do not. You are not anywhere near ready, to even look at properties. Connect with someone doing deals, learn then apply what you learn 

This is the advice coming from a well known "flipping mentor" and I was simply asking because this feels unethical and potentially illegal. Apologies for the miscommunication, but I was more so asking because we paid for this program to have the course instructor give us this as one of the steps to succeed in the flipping business. Also, can you please clarify that this is in fact illegal or not because I want to seek a refund for the program. 

Like I have said MANY times on BP, stop wasting your time and money on guru course, this is 100000% illegal, You are lying about having money when you do not. So you are doing nothing but wasting everyone's time. You cant  even close if the offer is accepted. Complete waste of time. What was your plane IF you got a deal, you have no money nor experience.  
Not sure who this guy is telling you this, but I find it very hard to believe someone would tell you to lie and create a fake bank account.
Good Luck