Dave Ramsey Lies to His Followers

Under oath, Dave Ramsey says that he does nothing to investigate the companies that he endorses.

Dave Ramsey regularly promises his followers that he takes his endorsements “so very seriously.” Ramsey promises that he “personally” investigates each company that he endorses.

Under oath, Dave Ramsey has confessed to a Tennessee court that he was lying.

When he is under oath, Ramsey claims that other people are responsible for his endorsements, and that he does nothing to investigate the businesses that he endorses.

Dave Ramsey & Timeshare Exit Team

In a sworn declaration recently submitted to a Tennessee court, Dave Ramsey confessed that he endorsed Timeshare Exit Team without doing “any independent due diligence.”

Ramsey submitted the declaration as part of his effort to avoid the State of Washington’s questions about his endorsement of Timeshare Exit Team.

In February 2020, the State of Washington filed a civil complaint against Timeshare Exit Team, alleging that the company regularly commits more than forty separate violations of the State Consumer Protection Act.

The State of Washington alleges that Dave Ramsey has enriched himself by endorsing a vast consumer fraud.

In April 2021, the State served Ramsey with a subpoena, requiring him to sit for a deposition and answer questions about his years-long endorsement of the company.

Ramsey has asked a Tennessee court to quash the subpoena. Ramsey has offered two main arguments: First, he argued that he is far too important to answer the State’s questions. Second, he argued that someone else is responsible for his endorsement of Timeshare Exit Team. According to Ramsey, the person responsible is an employee named Brian Mayfield.

Dave Ramsey claims that the person responsible for Ramsey’s endorsement of a vast consumer fraud is Brian Mayfield.

Dave Ramsey Confesses to Lying

Under penalty of perjury, Dave Ramsey says that he does nothing to personally investigate the companies that he endorses, and that he does nothing to investigate the character of their leaders.

According to Ramsey, he endorsed Timeshare Exit Team only because employee Brian Mayfield told him to do so so: “I relied on Mr. Mayfield and his team to undertake the due diligence into Reed Hein prior to the endorsement relationship.”

Incredibly, Dave Ramsey even claimed that other people are responsible for the words that Ramsey himself speaks: “Mr. Mayfield and his team are also responsible for the content of the endorsement pieces that I promote on the radio program or online.”

Dave Ramsey claims to be Brian Mayfield’s puppet. According to Ramsey, he speaks the words that Mayfield tells him to speak.

Ramsey denied knowing anything whatsoever about the character of the man who leads Timeshare Exit Team: “I have had no contact with Reed Hein or its principals, other than brief, personal interactions with Brandon Reed before and after recording joint endorsement pieces, and social interactions at the annual Ramsey Christmas party for significant clients and similar social events.”

Most damning of all is that Ramsey confessed to knowing nothing about the value that Timeshare Exit Team delivers to consumers: “I have no direct insight into Reed Hein’s internal operations, representations to customers, or any other aspect of its business.”

Under oath, Dave Ramsey confessed that he knows nothing about the value that Timeshare Exit Team delivers to consumers.

Dave Ramsey Claims to Be Different

When Dave Ramsey is enriching himself by collecting endorsement fees, he promises followers that he personally investigates the companies that he endorses. Ramsey tells listeners that they can trust him to endorse only companies that are led by people of good character.

In this video, Dave Ramsey criticizes radio hosts who are willing to recommend “just about any product or service that you can imagine — for the right price.” Ramsey claims to find their behavior “disturbing.”

Ramsey promises his followers that he is different, and that he personally takes the companies that he endorses “so very seriously.”

Ramsey claims that he only endorses companies led by people of good character. “I trust these guys to steer you in the right direction — not just sell you a product,” he says. “That’s what’s important to me.”

“It’s not just about money,” Ramsey assures his followers.

Ramsey has made specific promises about Timeshare Exit Team, which he endorsed for more than five years. In this video, Ramsey assures his followers that he has been “very careful” with his endorsement of Timeshare Exit Team.

Ramsey warns that other timeshare-exit companies use “illegitimate tactics” that leave a consumer financially responsible for ongoing timeshare payments.

His “friends at Timeshare Exit Team” are different, Ramsey promises.

Trust me,” Ramsey says. “It’s Timeshare Exit Team.”

Ramsey Refuses to Accept Accountability

Dave Ramsey’s behavior is shameful.

At every point, Dave Ramsey promised his followers that he personally investigates each company that he endorses, and that he endorses only companies led by people of good character.

Ramsey made these promises in Christian churches.

While speaking to followers seeking to improve their finances, Ramsey wrapped himself in the Bible and promised followers that he had investigated each of the companies that he was recommending.

While inside Christian churches across the United States, Dave Ramsey recommended Timeshare Exit Team.

Dave Ramsey claims that he is too busy to answer the State of Washington’s questions because he already has plans to further enrich himself by speaking at a Christian church in California.

Timeshare Exit Team is led by a man who has engaged in multiple sexual affairs with female employees, and who perjured himself when asked about sexual-harassment claims.

More importantly, Timeshare Exit Team is a vast consumer fraud that has cheated tens of thousands of middle-class and working-class consumers out of tens of millions of dollars.

Now that the State of Washington wants Dave Ramsey to answer questions about his endorsement of Timeshare Exit Team, Ramsey is claiming that other people were responsible for investigating Timeshare Exit Team, and that other people are responsible for the words that he spoke.

Fundamentally, Ramsey is claiming that he was lying when he promised to have personally investigated Timeshare Exit Team and the character of its founder.

Dave Ramsey & the Bible

Dave Ramsey regularly quotes the Bible in his books and on his radio program.

Words and ritual are meaningless without a genuine commitment to justice and righteousness.

The Bible itself is clear on this point. In the Book of Isaiah, the Lord expresses disgust with wealthy leaders who cite scripture and follow all the rules of animal sacrifice — while building and sustaining an unjust system that enriches themselves and that oppresses the poor.

“What need have I of all your sacrifices?” says the Lord. “I am sated with burnt offerings of rams, and suet of fatlings, and blood of bulls; I have no delight in lambs and goats.”

“When you lift up your hands, I will turn My eyes away from you; Though you pray at length, I will not listen. Your hands are stained with crime.”

The Lord’s instruction is clear:

“Wash yourselves clean. Put your evil doings away from My sight. Cease to do evil. Learn to do good. Devote yourselves to justice. Aid the wronged.” Isaiah 1:11, 15–17.

Dave Ramey regularly wraps his financial advice to followers in scripture. Ramsey nonetheless claims the right to keep the millions of dollars he took for his role in a vast consumer fraud.

Dave Ramsey Takes the Easy Way

These are the facts:

Dave Ramsey took millions of dollars by referring his followers to a vast consumer fraud.

Ramsey claims to be unaccountable to law enforcement: He refuses to answer the State of Washington’s questions.

Ramsey claims to be unaccountable to his victims: He refuses to place his ill-gotten gains in a trust account — for distribution to the people whom he and Brandon Reed victimized.

It is easy to cite scripture. It is hard to do the right thing.

Dave Ramsey persists in his efforts to take the easy way.

This blog post isn’t legal advice.
To schedule a free consultation with Hancock.Law, call (206) 785-7019 or click this link.

Author: David Hancock

consumer lawyer

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