Is Grant Cardone going to Prison? Grant has just been hit with a Cardone Capital Class Action Lawsuit, in this video I go over how it all went wrong and what kind of outcomes grant could be facing and whether he might face time in Prison.
Grant Cardone started life investing in single family Real Estate, but quickly realised that the cashflow and cap rate wasn’t as good as that offered by Multi family Real Estate Investing. Therefore, Grant Cardone switched directions and started the private equity fund Cardone Capital.
Grant has targeted 6% annual returns for investors from posts on his social media pages, but actual returns over the past few years have fallen significantly below this level. Is cardone capital in trouble?
In this video I go through the class action lawsuit legal document and determine what the potential outcomes of this lawsuit could be and how it might affect Grant Cardone and whether he might even face jail time.
Is Grant Cardone Exposed? He’s certainly being sued by the class action lawsuit but nothing is yet set in stone.
This video is strictly my own opinion and I do not have any inside sources of information, I am simply reporting on this publication. This video is not meant to slander the name of Grant Cardone or any of his companies/entities.
Who is Grant Cardone? - 00:00 - 02:53
How are his funds performing? - 2:53 - 08:29
Lawsuit Explanation - 08:29 - 14:32
If you made it this far, be sure to drop a comment down below letting me know 🙂
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The information in these videos shall not be construed as tax, legal, insurance, construction, engineering, health and safety, electrical or financial advice. IF stocks or companies are mentioned, Thomas MAY have an ownership interest in them -- DO NOT make buying or selling decisions based on Thomas' videos. If you need such advice, please contact a qualified accountant, solicitor, insurance agent, contractor/electrician/engineer/etc. or financial advisor.
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Inspired by Graham Stephan, Meet Kevin, Shaf Rasul, Andrei Jikh, Nate O'Brien, The Credit Shifu and more.
#GrantCardone #GrantCardoneExposed #GrantCardoneSued
Grant Cardone started life investing in single family Real Estate, but quickly realised that the cashflow and cap rate wasn’t as good as that offered by Multi family Real Estate Investing. Therefore, Grant Cardone switched directions and started the private equity fund Cardone Capital.
Grant has targeted 6% annual returns for investors from posts on his social media pages, but actual returns over the past few years have fallen significantly below this level. Is cardone capital in trouble?
In this video I go through the class action lawsuit legal document and determine what the potential outcomes of this lawsuit could be and how it might affect Grant Cardone and whether he might even face jail time.
Is Grant Cardone Exposed? He’s certainly being sued by the class action lawsuit but nothing is yet set in stone.
This video is strictly my own opinion and I do not have any inside sources of information, I am simply reporting on this publication. This video is not meant to slander the name of Grant Cardone or any of his companies/entities.
Who is Grant Cardone? - 00:00 - 02:53
How are his funds performing? - 2:53 - 08:29
Lawsuit Explanation - 08:29 - 14:32
If you made it this far, be sure to drop a comment down below letting me know 🙂
My Favourite Investing Books;
Rich Dad Poor Dad - https://amzn.to/3gqVJBW
The Big Short - https://amzn.to/2ExjIB5
The Wolf of WallStreet - https://amzn.to/2PgVeyo
The Four Hour Work Week - https://amzn.to/30hr3xe
Think and Grow Rich - https://amzn.to/2XkLyHg
Intelligent Investor - https://amzn.to/2BUqEYg
The Equipment I use to make these videos;
Camera - Canon EOS M50 - https://amzn.to/3225DVx
Microphone - Rode Video Mic Go - https://amzn.to/2F4C5On
Lighting A - 2x Softboxes - https://amzn.to/331O1IW
Lighting B - Neewer Ring Light - https://amzn.to/3309wda
Small whiteboard - https://amzn.to/2R6urW5
If you enjoy these videos and want me to continue making more, consider becoming a member of the channel here; https://youtube.com/channel/UCRTndpz_fpcVcoVe0QF1IgA/join
Buy bitcoin using Coinbase here - https://coinbase.com/join/smallb_1u?src=ios-link
DM me on Instagram to get a free share worth up to £200 with FreeTrade - ThomasJamesYT
Social media
Instagram - ThomasJamesYT - https://instagram.com/thomasjamesyt
TikTok - ThomasJamesYT - https://tiktok.com/ @thomasjamesyt
Subscribe for more related content - https://youtube.com/c/ThomasJamesPropertyInvesting
The information in these videos shall not be construed as tax, legal, insurance, construction, engineering, health and safety, electrical or financial advice. IF stocks or companies are mentioned, Thomas MAY have an ownership interest in them -- DO NOT make buying or selling decisions based on Thomas' videos. If you need such advice, please contact a qualified accountant, solicitor, insurance agent, contractor/electrician/engineer/etc. or financial advisor.
This is not an advertisement of property for sale and shall not be construed as anything other than an opinion for entertainment purposes only.
Links included in this description might be affiliate links. If you purchase a product or service with the links that I provide I may receive a small commission. There is no additional charge to you! Thank you for supporting my channel so I can continue to provide you with free content each week!
Inspired by Graham Stephan, Meet Kevin, Shaf Rasul, Andrei Jikh, Nate O'Brien, The Credit Shifu and more.
#GrantCardone #GrantCardoneExposed #GrantCardoneSued
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You need to shave.
Your doing your math wrong…. He only returned half that in 4 &5
Without being able to pullout your money for up to 10 yrs. . its a ponzi
Thanks for the time stamps
Before you invest it’s made clear that every investment has some level of risk to it. You’re saying he’s promising things that are difficult to promise when he’s never made less than 25% on an exit from a real estate deal. Never lost money from it. And not to mention has been doing it for the past 30 years and succeeding at it. He also puts all of his own money where his investors are putting their money. This law suit was recently dismissed from even going to court by the judge.
Always have your ducks in order before you take action. You don't take money investment for something is not even started yet especially if nothing is laid down on the table 1st do with the right way do never make a promise of 6% ever I need to be upfront and honest people do not promise 6% ever
Exactly completely understand what you are seeing here this is perfect video from months back when covert 19 hit here hes asking people to invest in real estate doesn't understand that most people have knowledge and understanding what release happening in this world right now seriously people are homeless losing their apartments losing their homes they can't make the payments for him to go out there and talk about investor money in real estate intrastate their money knowingly there's covert 19 are definitely be a negative on his behalf he completely Just turn and didn't realise what he was doing this is really hurtful that I saw that he could do this to people knowing all this hard people gotta pay rent when their homeless seriously even in taxes right now went underwater People that invested in Texas townhomes or condos or apartments whatever he was marketing what underwater how are those people supposed to get paid especially that he should realise what he was doing was not right you have to have knowledge in understanding before you take people's money that's just not right you think before you do again I really like Grant cardone but honestly he just kept milking the cow and to offer 6% and change this is what you gonna receive your not supposed to make a promise or guarantee especially if you going to casino in your put your money in their thinking you're gonna be a great big winner not gonna happen the odds are against you
Like a set from the very beginning other people's money basically he picks out the bill link gets all these advancers gets all excited tells him a great big story in the long run their buying their own investment as a return hes just the middle man I new this from the very beginning that's why never fell for him even when he had a free seminar and never attended I am very novel and understand what life really is and you have to create your own destiny your own knowledge your own ambition your own drive Never fail for the guy why would you hand over your money when you can do the same exact thing by yourself if you have the extra cash will invest in real estate especially where there's great areas in people are definitely going to Build your own Empire put your own book out there yet the traffic in I just do your own work but she just get people's money just to make yourself money because you have the Pole in the mouth and you just do all the talking and then start collecting its other people's money is the reason why hes even made it this far I am glad people have seen the truth I do like rat hes very great motivator but face reality is everybody new install what he was capable especially when he fired everybody at the office because of covert 19 that was just inhumane I lost respect in the guy I really have rhino he still got a lot of great pointers that I did learn off him I hope the best for him but all honesty everybody needs to get paid especially investors he put your money into some you get a great return and not just 6% either
Wow
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I dont believe he is going to jail
SEND THIS SHILL TO PRISON!!!!!
Thanks for the breakdown and suit explanation.
Duuuude ate you getting paid by keeping your content relevant
I am not a lawyer although Section 5 of the Federal Trade Commission Act focuses on fraud and false advertising and the Truth In Lending Act states that terms of lending have to be disclosed clearly and truthfully, which led to numerous payday lending companies under Scott A. Tucker getting shutdown and Tucker receiving a 15-year federal prison sentence. Tucker's companies illegally withdrew fees from debtors' bank accounts without their knowledge, which led further fees for the debtors.
Nuclear warning alarms go off when a fiduciary party goes buy a private jet.
looks alot like he was self dealing and misleading investors. he will probably lose and have to pay some sort of settlement. great video as always!
At the beginning, his management fees were reasonable. With the later funds, he got greedy and started milking them with bigger management fees, most likely to support his lavish lifestyle. That’s also a reason the return on investment are so poor. Basically he started raiding the cookie jar. Look up his company management fees and you will be SHOCKED!
Robert from daytradingwiththelight
Well Thomas there will be some lawsuits coming against you for the scamming business you were involved with too.
What a joke. 1 person who invested 5k is suing Grant even though Grant offered him back the money but refused because the lawyers already convinced this 1 person to start a class action lawsuit which very few people will join.
Never NEVER trust a scientologist.
I hope he doesn’t go to jail
Im sure Covid had an effect somehow
I don't ever remember hearing him saying he promises.
This lawsuit is only the beginning. You can't go to jail thru civil lawsuit yet but when you borrow money from non accredited investors bad things happen… taking grandmas last 2 nickels she has to rub together bad idea grant
Inspire Others Always man ….never like the slam videos on people who have hit success – its almost like people try and tear down people or put a light when wrong. But won't make a list of the lives he has helped save from depression and those who didn't want to live. Can't put a price on that.
Given that he is an OT 8 Scientologist, he'll probably get out of it.
Be interesting to see what happens. Great vid man
Grant Cardone it’s not a billionaire and never has been. What he did was commit fraud he buy the properties and then sell them back to the fund and make them take out a loan and pay him interest plus a higher price for the properties and not tell the people the investors. He’s a fraudster he finally got a car I predicted to six months ago on my videos
For a second I thought that was Felipe Lobos from power !
What do you think will happen to Grant Cardone?