When I saw the launch notice for Patric Chan's CB passive Income I really didn't think much about it. But then I saw this statement:
Here's what John T. Reed had to say about some of Robert G. Allen's books here:"One of my physical books is Clicking Cash, which is co-authored by Robert G. Allen,
the New York Times best-selling author of Multiple Streams of Income, Nothing Down,
One Minute Millionaire, Cracking The Millionaire Code, Cash In A Flash and many more
I mean, maybe Patric Chan's CB Passive Income is fine, but it baffles me"At best, you would have negative cash flow following his books. At worst, you would
go bankrupt and wind up in jail. He doesn’t put it this way, but his nothing-down techniques
almost all require you to mislead an institutional lender or take advantage of an unsophisticated
seller or both. The president of his Atlanta Robert Allen Nothing Down Club literally went to
federal prison (at Eglin AFB, FL) for doing illegal nothing-down deals. There is virtually nothing
in his material about how to make a profit. Rather he simply assumes that real estate goes up
so much every year that you need only buy it to cash in. "
as to why anybody would associate themselves
with Robert Allen other than to make more sales.
There was a class action lawsuit filed.
YANQIU KE v. ALLEN et al 1:2010cv02036
...which according to this report settled.
Unfortunately, I can't find any publicly available information about the nature of the setltement.