Sean Whalen and Detroit Investor Summit - Scam or Legit?

[John Anderson]

I went on Sean Whalen's Detroit Investor Summit Bus tour. 

He was trying to sell us "Quitclaim Deed" properties that cash flow. When asked about the contract Sean told us that was a mistake. I call BS.

Peak Potentials partnered up with Sean to sell the properties. Peak Potentials sold students a real estate program that costs $40,000. It's a real estate seminar scam similar to a Rich Dad seminar scam and Armando Montelongo seminar scam. They teach you to raise your credit card limit to buy real estate and then they later suggest you use your credit card to buy the program. Students realize the program is a scam. David McCoy - COO of Peak Potentials and Intelligent Wealth won't give any of the students their money back. And Adam Markel, CEO of Peak Potentials won't respond.

You have to use "Seed Capital" to buy a property if you don't have the $40,000 cash to buy one. Banks won't touch these properties. 

They are in section 8 areas of Detroit.

Houses are worthless. 60,000 homes in the area are facing foreclosure.

Sean Whalen has a pretty bad reputation.

Student's are looking into a class action lawsuit against Peak Potentials and Sean Whalen for Securities Fraud.