What type of fraud scheme usually includes a get rich quick real estate seminar?

The fraud scheme that typically includes a get-rich-quick real estate seminar is known as chunking. This scheme often involves soliciting individuals to invest in real estate, with the promise that they can quickly make a large profit through real estate investment. Chunking typically capitalizes on the enthusiasm and naivety of new investors who are drawn in by flashy seminar presentations that cover unrealistic expectations of returns and rapid wealth accumulation.

In chunking, fraudsters frequently acquire multiple properties and then sell or "chunk" them off to unsuspecting investors without proper disclosures or due diligence. The profits from the properties are often inflated based on misleading information, and once the fraud is exposed, the new investors may be left with significant losses and properties that do not have the value presented to them during the seminars.

Understanding this context illuminates the nature of chunking as a type of fraud reliant on the allure of quick wealth, distinguishing it from other types of fraudulent schemes that may not center around seminars or the rapid exchange of property.