TBA Law Blog


Posted by: Julia Wilburn on Jun 2, 2023

Franklin-based financial advisor Dave Ramsey and his company Ramsey Solutions are being sued for $150 million for negligent misrepresentation, unjust enrichment and violation of consumer protection laws, the Tennessean reports. Seventeen plaintiffs say they lost thousands of dollars based on Ramsey's advice and endorsement of the Timeshare Exit Team as a company that would get people out of their timeshare agreements. However, he did not disclose that he received over $30 million for the endorsements as well as a portion of the fees paid to Timeshare Exit Team by people he referred to the service.