U.S. Evangelical Radio Host Sued Over Timeshare Exist Fraud

For years, radio host Dave Ramsey told listeners how to get out of timeshares - which he says they shouldn't have signed up for in the first place.

Photo Insert: Ramsey was allegedly paid as much as $30 million from 2015 to 2021 to endorse Timeshare Exit Team, which collected $200 million from clients - many of whom were his listeners.

The evangelical Christian financial guru repeatedly told his millions of followers to use a timeshare-exit company, Timothy Bella reported for Washington Post.

"I never could find anything until I found this company called Timeshare Exit Team about three years ago," he said in a December 2018 segment. "We started endorsing them, and I've had so much fun" bothering timeshare companies.

Now, 17 of the podcast and radio host's listeners have filed a $150 million lawsuit against him, alleging that he played a role in defrauding them of millions of dollars when he promoted a timeshare-exit company that did not get them out of their contracts.

Ramsey was allegedly paid as much as $30 million from 2015 to 2021 to endorse Timeshare Exit Team, which collected $200 million from clients - many of whom were his listeners.

Reed Hein & Associates, a Washington state-based company that was under the name Timeshare Exit Team at the time, received $70 million in fees from Ramsey's customers, the lawsuit claims.

Reed Hein & Associates went out of business after settling with Washington state for more than $2.6 million in a lawsuit over allegedly deceptive business practices.

WEEKLY FEATURE : MVP Group Keeps Lights On During Pandemic