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King of Real Estate Infomercials Probed in Millionaire University Scandal

OCT 10, 2007 6:15pm ET

FORT MYERS, Fla. – Investigators with the U.S. Justice Department and the Securities and Exchange Commission are looking into an expanding real estate bust in southwest Florida, which has sunk three credit unions and caused a flurry of lawsuits from buyers in the program, known as Millionaire University.

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