Scott Yancey
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Scott Yancey | |
|---|---|
| Born | Scott E. Yancey July 9, 1969 |
| Nationality | American |
| Occupation(s) | CEO of Goliath Company Real Estate Broker Television personality |
| Years active | 1994–present |
| Television | Flipping Vegas |
| Spouse | Amie Yancey (m. 2000) |
| Website | scottyancey |
Scott E. Yancey (born July 9, 1969)[1] is a TV personality, businessman, real estate investor, and author.[2] He is best known for his role on the A&E television series, Flipping Vegas, a modern reality TV show in which Scott and his wife, Amie Yancey[3] purchase and repair dilapidated homes in the Las Vegas Valley, and attempt to flip them for profit.[4]
Early life
[edit]Yancey was born on July 9, 1969, in Los Angeles County, California,[1] and raised in Studio City, California,[5] where he attended North Hollywood High School.[citation needed]
Personal life
[edit]Yancey married his future Flipping Vegas costar, Amie, on January 26, 2000. Yancey has attention deficit hyperactivity disorder.[6] As of 2014, the couple had a pet dog, a dachshund named Tallulah.[7]
Career
[edit]Real estate
[edit]Yancey made his first real estate deal at the age of 14, when he received an insurance settlement of $30,000, which he used to purchase the 2nd deed of trust for a home mortgage as an investment with a 14% interest rate.[citation needed]
While enrolled in college, Yancey was hired to be a runner by Walter J. Plumb III, a real estate attorney and investor. Yancey continued to work with Plumb, assisting in multiple real estate[8] transactions, such as the purchase of a 40-unit apartment complex and converting it to condos along with assembling dozens of land deals and subdividing the land into over 3000 lots. Now working independently of Plumb, Yancey began developing department stores in Las Vegas, Provo, Utah, and Tempe, Arizona.[citation needed]
After selling his department stores and choosing to return to his real estate roots, Yancey relocated to Las Vegas in 1994.[citation needed] In 2008, Yancey founded the Las Vegas-based Goliath Company,[9] a real estate brokerage and investment firm. Goliath Company focuses on investment properties, the buy-and-hold approach, and finding land to entitle and subdivide by selling to large private companies, which they have managed to do for a few thousand lots.[citation needed]
Flipping Vegas
[edit]In 2010, Yancey and Lovable Scoundrels Productions created the television series Flipping Vegas.[10] A&E originally premiered the series on June 18, 2011. In addition to starring in the show,[11] Yancey also served as an executive producer. The show concluded its fifth season on September 27, 2014.
Yancey Events
[edit]The Yanceys created Yancey Events as a way to help others learn about investing in real estate.[12][13] Using the Yanceys' stardom from Flipping Vegas, coupled with the knowledge and experience they have gained from years in the business, Yancey Events employs salespeople who travel across the United States and sell educational seminars on how to properly invest in real estate.[12] Many participants of the events have criticized them as being a scam.[13] [14] [15]
In September of 2020, Yancey, along with Dean Graziosi, "who is a self-described New York Times best-selling author, entrepreneur, and investor", was added as a defendant to a complaint filed by the FTC. "Since 2012, the FTC says, they’ve each earned about $10 million as the two celebrities that Nudge primarily used to market and give credibility to its real estate training scheme. Among other things, Graziosi and Yancey have appeared in infomercials and direct mailings that encouraged people to attend free events designed to help sell training and coaching packages, often through telemarketing, that cost thousands of dollars. According to the proposed amended complaint, which alleges the celebrities assisted with Nudge’s telemarketing operation, the two celebrities knew about numerous complaints describing how Nudge had swindled people, and they strategized about ways to counteract the negative online reviews – including discussions about posting fake positive reviews to Graziosi’s page on Trustpilot and to Yancey’s Yelp profile."[16]
Trade Commission lawsuit
[edit]Yancey, along with Dean Graziosi, have been named in a lawsuit by the Federal Trade Commission and Utah Department of Consumer Affairs, in Case No. 2:19-cv-00867-DBB-DAO (D. Utah Jul. 26, 2021), relating to their involvement with Nudge, LLC. [17] On April 24, 2023, pursuant to a settlement agreement between Scott Yancey and the FTC, the Judge entered a judgment against Yancey in the amount of Four Million Five Hundred and Seventy Seven Thousand and Four Hundred and Nine Dollars ($4,577,409): the entire judgment amount however was suspended with Yancey paying Four Hundred and Fifty Thousand Dollars ($450,000) provided that Yancey's declarations as to his limited financial condition did not prove to be false. [18] Additionally, the same judgment provided that "The facts alleged in the Complaint [against Yancey] will be taken as true, without further proof."
Charity
[edit]In one episode of Flipping Vegas, the Yanceys donated a home to a wounded veteran.[19]
Publications
[edit]Yancey has published two books:
- Go Time (2012), a 250-page book inspired by people who taught Yancey about real estate.[20]
- Flipping Your Way to Real Estate Profits (2015), a 221-page book offering advice to financially challenged investors on how to make profits beyond flipping houses.[21]
References
[edit]- ^ a b "Scott E. Yancey, born 07/09/1969". California Birth Index. Retrieved March 2, 2016.
- ^ "Amazon.com: Scott Yancey: Books, Biography, Blog, Audiobooks, Kindle". www.amazon.com. Retrieved 2016-07-13.
- ^ Katsilometes, John (April 27, 2014). "Real lives of reality TV stars". Las Vegas Sun. Retrieved 3 May 2014.
- ^ "News 3 Las Vegas". Retrieved 25 April 2014.
- ^ "Scott Yancey biography". The Huffington Post. Retrieved March 2, 2016.
- ^ Acuña, Jessi (May 28, 2014). "Seven Questions for Scott Yancey". Vegas Seven. Retrieved May 6, 2016.
I'm not a college graduate. I went to probably five colleges, and I dropped out of them all. I have ADD.
- ^ "A&E TV's Cast of Flipping Vegas". A&E TV. Retrieved 25 April 2014.
- ^ "Biography". Retrieved 25 April 2014.
- ^ Fryman, Jessica (26 July 2011). "Local couple turn Vegas' for-sale homes into multimillion-dollar residences" (PDF). Las Vegas Review-Journal. p. 1. Retrieved 22 October 2015.
Scott founded the real estate company Goliath Company in 2008.
- ^ Flipping Vegas, 2011-06-18, retrieved 2016-07-13
- ^ Domanick, Andrea (2013-12-05). "Photos: Flipping out on the set of A&E's 'Flipping Vegas' with Scott and Amie Yancey". Las Vegas Sun. Retrieved 2016-07-13.
- ^ a b "Scott Yancey Reviews - Is it a Scam or Legit?". HighYa. Retrieved 2016-07-13.
- ^ a b Winterfeldt, Maggie (20 April 2016). "The Stars of Flipping Vegas Are Accused of Leading a Shameful Real Estate Scam". POPSUGAR Home. Retrieved 29 November 2016.
- ^ "The Most Clicked-on Stories of the Last Seven Years". VegasSeven. Retrieved 22 June 2018.
- ^ "BBB: Consumers Should Approach Visionary Events Real Estate Investment Seminars With Caution". BBB. Retrieved 22 June 2018. "Yancey Events, operated by 'Flipping Vegas' TV personality Scott Yancey, has an 'F' rating with Utah BBB, the lowest possible, with more than 40 complaints. Most of those complaints allege deceptive and misleading marketing and sales practices. Consumers of Yancey Events requested refunds ranging from $1,000 to more than $30,000, claiming the business did not deliver what it promised."
- ^ "FTC moves to add real estate celebrities Dean Graziosi and Scott Yancey to Nudge case". 2 September 2020.
- ^ "Fed. Trade Comm'n v. Nudge, LLC". 2021-07-26.
- ^ "Stipulated Order" (PDF). 2023-04-24.
- ^ Mosier, Jeff (2012-04-17). "Southwest Las Vegas in the spotlight". Las Vegas Review-Journal. Retrieved 2016-07-13.
- ^ Yancey, Scott (2012). Go Time. Visionary Strategies.
- ^ Yancey, Scott; Yancey, Amie (2015-01-18). Flipping Your Way to Real Estate Profits (1 ed.). Yancey LLC.