Loral Langemeier – Fake Guru Charged for Fraud by SEC
Loral Langemeier is a self-proclaimed finance guru and a scammer. The SEC charged her and her firm Live Out Loud Inc (LOL) for selling securities in unregistered oil and gas offerings.
Moreover, the SEC has charged them for acting as unregistered securities brokers and breaching their fiduciary duties.
Loral Langemeier Live Out Loud failed to disclose the financial conflicts of interest in the products as well.
The Securities and Exchange Commission charged her on June 15, 2022. Additionally, it filed the complaint in federal district court in Reno, Nevada.
In its complaint, SEC says that Loral Langemeier promoted herself as a financial expert from 2016 to 2018.
By using Live Out Loud, she attracted many clients which primarily consisted of retirees and small business owners.
They paid her fees upto $30,000 to get her supposedly objective financial advice. Apparently, Loral convinced many of them to liquidate their conservative investments and transfer the funds to self-directed IRAs.
Moreover, she recommended them to purchase securities in unregistered oil and gas securities products of Resolute Capital Partners Ltd, LLC.
Also, they sold the unregistered investment products of Homebound Resources, LLC.
Both of these companies have received SEC regulatory action before.
More Details on the SEC Complaint against Loral Langemeier:
Basically, Loral was using Live Out Loud to sell the unregistered and risky investment products of two shady firms.
Moreover, the SEC says Loral received hundreds of thousands of dollars as undisclosed compensation when she sold these products. These payments were in the form of commissions.
Furthermore, she failed to disclose her own equity interests in certain issuers of the products.
The SEC alleges that Loral Langemeier breached her fiduciary duty as an investment adviser by not disclosing these conflicts of interest.
In the complaint, the SEC has charged Loral with violating Sections 5(a) and 5(c) of the Securities Act of 1933, Section 15(a) of the Securities Exchange Act of 1934.
Furthermore, the complaint alleges that Loral violated Section 206(2) of the Investment Advisers Act of 1940.
It seeks injunctive relief, disgorgement, civil penalties and pre judgment interest.
Loral Langemeier’s History of Running Scams:
Langemeier made a robust marketing machine through seminars, social media, and internet media presentations.
On her main website, liveoutloud.com (LOL), it says, “How to Finally Stop Worrying About Money and Turn Things Around in 2010!”
At Live out Loud, you will have to pay $8,995 to meet Loral in person.
Certainly, it’s a huge sum. But that’s not all.
The cost of attending other seminars is at least $1,495.
On her website, Loral used to make promises to “Keep you in cash!”
In her YouTube video, she says, “…continued education are the building blocks of your Wealth Cycle, engaged with continuous ideas for direct asset allocation,”
Langemeier talks about money in strange ways to keep people interested while she reaches for their wallets.
She relies on jargon and fluff to seem like an expert.
Langemeier’s website, liveoutloud.com, and other sites that post her work, appeal to people who want money, a better life, and more time with their families.
These sites are just entrances to a world of lies that is dark and hard to understand.
Loral Langemeier plays a dangerous confidence game with potential victims when she meets with them.
She challenged them to follow their dreams and invest in the business opportunities she said she had checked out.
Loral Langemeier plays a dangerous confidence game with potential victims when she meets with them. Then, Loral took her share of the initial investment money and tried to vanish.
Luckily, the SEC caught up.
Her primary victims were elderly people who are especially vulnerable to these types of fast-paced presentations.
Furthermore, many of her victims have fixed incomes from retirement and often need help from others to choose their investments.
The Big Table Concept:
It’s obvious that most of the presentations she made focused on promoting her “Big Table” meetings.
Many people have complained that Loral and her team call them repeatedly to increase the sales of her seminar tickets, books and CDs.
The Big Table is merely a trap. To attend one Big Table meet, you will need to spend $8,995. Moreover, you will only find out that the event is to manipulate you into investing in her investments.
She was using The Big Table to promote Live Out Loud which turned out to be a scam. So, you can get an idea of how the scam worked.
One lawsuit against her alleged that Loral Langemeier was receiving undisclosed commissions from the risky and unregistered investments she promoted in her Big Table events.
Moreover, she settled the Wolf V Langemeier case in 2009. It was related to this issue as well.
Another lawsuit she faced was Susan Trindle V Loral Langemeier (Flying Emu LLC). Again, she was able to get the court to stay the case in favor of arbitration.
Loral Langemeier Big Table is A Well-Organized Manipulation Scam
Attendees of the Big Table conference had great expectations that Loral would impart specialized knowledge. They expect to learn ways to make money after paying thousands of dollars only to attend.
Bringing paying clients into a meticulously planned setup is what Loral actually accomplishes.
There, participants have to respond to a broad range of financial disclosure questions about their earnings, expenses, assets, and liabilities as well as whether or not they are ready to use her trademarked “Wealth Cycle” technique.
Certainly, the only appropriate response is a yes.
Once everyone is present, she starts working to extract as much investment capital as possible from each participant.
The process is as follows: Loral would plant interested individuals with potential victims at the tables.
Then, the plants would show a lot of interest, sparking the interest of the victims at the same time.
Investors never find out that Loral Langemeier is getting compensation for promoting those investments.
Moreover, victims allege that Langemeier accepts upfront commissions and/or ownership stakes as payment.
She makes herself seem legitimate by using the guest appearances of her friends (like Dr. Phil and T. Harv Echer).
Hence, people start trusting her speeches readily.
However, they don’t realize that the crowd has planted participants as well. They don’t realize that she is scamming them until the end.
Also, victims say that Loral Langemeier’s “Alumni” conferences are likewise highly pricey.
These are “higher-level” participation events that purport to provide the inside track on up and coming prospects inside Langemeier’s investment “Community,”
Products Loral Langemeier Promoted in Her Events:
The Entrust Group
Loral teaches her students to invest more fixed assets to self-directed IRAs. They are substantially more liquid.
This way, the investors can easily transfer their savings to her numerous business offerings.
The owner of the Entrust Group, Jerry Pearson, runs multiple ventures with Loral.
Moreover, he has received significant funds from the self-directed IRA firm as well as Crumbs R Us (a real estate venture of Loral and Jerry).
Loral promoted this firm in LOL meetings. Additionally, her extensive questioning helped the Entrust Group get a lot of confidential information about potential victims.
Real Estate Venture (Trinity)
Loral urged participants at a Big Table event that took place from September 14 to September 16, 2005, to put money into a company called “Trinity”.
It is a real estate venture.
One victim shared that he invested $200,000 and then another $50,000 in the hopes of earning the 17 percent return on investment.
Following accusations of fraud, Loral Langemeier intervened to protect her company’s revenue stream by pledging to repay the investment within seven years.
Later, she prolonged the repayment period by ten years after failing to make quarterly installments.
In June 2010, she released a notification.
It said the investors wouldn’t get more payments.
Moreover, she shared that she will keep funding Live Out Loud.
In the meantime, Loral kept her share of the victims’s funds.
A Multi-million failure: Cafe Z
A group of investors shared that they had met Loral Langemeier at a Gorilla Business School event.
There, Loral talked about multiple business opportunities. Cafe Z was one of them.
In their sworn affidavits, the investors say that one of them invested more than $250,000 into Cafe Z.
However, the cafe shut down after a while because the owner didn’t manage it properly. The Cambridge License Commission listed multiple violations including failing to compensate a woker’s insurance, receiving noise complaints, and failing to change the manager.
Note that Loral and David Zebny (owner of Cafe Z) had raised millions for the venture.
Cafe Z’s sudden failure caused many to back out of their investment.
However, Loral and David never opened the accounting books for the venture. Hence, no one was able to determine where the money went.
The numerous victims were never able to get their answers. Live Out Loud and Loral Langemeier kept ignoring the requests of the investors.
In 2009, David filed for bankruptcy. So, the investors received nothing in exchange for their millions.
Loral Langemeier’s Real Estate Scam: CRU aka Crumbs R Us
Jay Pearson, the man running the Entrust Group in the Midwest, launched Crumbs R Us. It was a real estate venture.
Many investors shared that they invested in Crumbs R Us because it claimed to offer 12% returns. Furthermore, the investment claims that it offered the secure backing of promissory notes and plenty of real estate.
Not to mention, Loral promoted CRU heavily as well.
The project claimed it will buy low-cost houses (<$100,000) and rent them for $400-$500 per month.
Later, the project said it would sell the houses at a profit after earning significant rent.
The notes became due in 2009 but by that time, Loral had traded them for undisclosed assets to Jay Pearson.
Furthermore, Jay Pearson was also the owner of Clear Zone Nursery and resided in Alexandria at the time.
Basically, Loral had determined that she no longer wanted to pay the investors. So, she sold the promissory notes to Jay.
In August 2009, Jay’s attorney issued a statement. It said Jay was trying his best to make the “small business venture “ survive in the struggling economy. Hence, he doesn’t want to make the project go bankrupt by paying the promissory notes.
Clearly, Loral knew the venture was doomed from the start.
She transferred the liability on Jay and left with her portion of the profits..
Later, she claimed that Jay used her name without her consent to promote Crumbs R Us. However, they have been partners in multiple ventures together including Market at the Greens and Clear Zone Nursery.
FPS: Another Investment Scam
FPS aka First Payment Solutions was a company which allowed employers with international employees to pay their staff in their own currency through credit cards.
Like all the ventures I have shared above, Loral had promoted it heavily in her events.
One victim shared that he invested $50,000 and later, another $5,000 into this firm.
Suddenly, First Payment Solutions vanished from the market overnight. Numerous investors like him lost their hard-earned savings on this sham venture.
Loral Langemeier had promoted it like the next big thing.
Who is Loral Langemeier “The Millionaire Maker”? What She Claims to Be
So far, I have explained how Loral runs her scams. In this section, I’ll share what she presents herself to be.
After all, she is an expert marketer and has been able to deceive people into investing hundreds of thousands into her recommendations regardless of their authenticity.
She calls herself a money expert and a sought-after speaker. Also, Loral claims to be a 5x best-selling author who only wants more people to become millionaires.
The Loral Langemeier books are: Put More Cash in Your Pocket, The Millionaire Maker, The Millionaire Maker’s Guide to Creating a Cash Machine for Life, The Millionaire Maker’s Guide to Wealth Cycle Investing and YES! Energy.
Her coaching programs include:
- Head of the Table
- Loral’s Big Table
- Millionaire Intensive
- 100k Challenge
- Fast Cash Coaching
After facing charges of fraud, Loral has stopped running Live Out Loud.
Instead, she now runs Integrated Wealth Systems.
You should be extremely cautious of such suspicious financial influencers. It’s obvious that Loral will keep promoting Integrated Wealth Systems and distract potential investors from the charges she has faced from the SEC.
Trusting her can result in you losing your hard-earned savings. It’s quite common among financial scammers to distract consumers from the skeletons present in their closet.
Justin Goodbread is another finance influencer who had to pay $400,000 for defrauding a client.
Clearly, Loral is a substantially bigger scammer than Justin. Hence, beware of her!
After going through the above points, it’s evident that Loral Langemeier is just a scammer.
She charges thousands of dollars for people to attend her events. There, she promotes specific investments which might be unregulated.
Recently, the SEC stepped in and charged her with fraud and breach of fiduciary duty. It’s proof that Loral has been promoting unregistered investments for a time.
Moreover the SEC alleged that she was earning undisclosed commissions from her promoted securities.
All of this suggests that you should stay miles away from Loral and her products.
The SEC has filed a complaint against Loral Langemeier and her company, Live Out Loud (LOL) for defrauding investors and breaching fiduciary duty. Also, the SEC says Loral earns undisclosed commissions from the unregistered investments she sells.
- Great marketer
- Charged for fraud by the SEC
- Charged for breach of fiduciary duty by SEC
- Numerous victims have lost hundreds of thousands of dollars
- Makes false promises to investors
- Promotes unregistered securities
Paying $9000 as fees for taking advice is the biggest mistake of your life, because there are many people roaming here and there trying to recover their money from Loral which she took from them through an investing scheme.
Most of the time these new investors who want to grab the opportunity of earning million in a week get scammed and diminish the image of legitimate online investments.
I once attended her seminar where I found that my money was completely wasted listening to this money-minded woman. The only purpose for performing these seminars is to earn money from people in the form of fees. Interesting thing is that you have to pay around $9000 for meeting her personally.
Why invest with someone who doesn’t have any moral values, as she is stealing money from old people. Keep in mind those old people genuinely have the belief of securing their future with Loral Langemeier? Shameful.
I have seen many investors following her blindly and also investing in her company. Investing money in the greed of earning profit is all good but attending her seminars after paying her $ 1495 doesn’t sound profitable for your pocket as well your precious time.
I bought the product offered by LOL which was nothing but a useless investment, after investing in Loral I found that she was selling these products for earning commission from the shady firms which offered her money after selling the products.
I will ask everyone not to visit any of the seminars of Loral Langemeier because it is totally a scam. People are visiting her seminars just to listen about her investment schemes, and also to invest in the scheme.
I also found that the company was focusing on the old people or those who have retired from their job and wanted to invest their money in an investment where they could earn the most profit.
This woman should be charged with multiple cases of fraud from the courts as she has scammed hundreds of people in the name of big table schemes and made millions after stealing from the people who believed in her schemes.
My girlfriend is still recovering from the loss she suffered because of Loral Langemeier. She lost half of her retirement savings because of this fraud.
The real game of the company is to attract investors offering to teach them professionalism through their seminars and they’re also earning $1495 through entry fees, she is a complete package of fraud. Her main focus is on making dollars for herself instead of providing profit to her investors.
Have seen her ads before. Who even goes to these events? I guess there is never a shortage of fools looking for a quick buck.
The big table meet is the best earning source for Loral Langemeier where she charges $8995 from their clients for sharing her business ideas, and the main targets for her business are the old investors as they are searching for some platform for investing their savings.
The name of the company is itself saying Live Out Loud which specifies if you can’t handle these scams please be out of these business investments.
I never thought that the SEC would rebuke Loral’s LOL, which is crazy though the company’s scammy operations made the way.
One of my friends got caught in an investment scheme she had promoted where he invested $20000 in hope of getting returns of 12-17% but nothing happened like that, instead of getting the profit the company placed a notification that it was going under or something. I am telling you that the notification nearly gave a heart attack to my friend.
At least someone is talking about this scammer. She held an event in my city a few months ago and I saw her ads. I knew it was a scam. Nobody teaches us serious financial skills in a cheap seminar. These scams have gone on for so long. You can still find people falling for this scam though.
How are they still doing seminars? I don’t understand why people are visiting them and paying thousands of dollars for it. The fact that Loral Langemeier still has the guts to perform seminars after scamming so many people is baffling.
I’m a victim of this swindler.
I have lost $30,000 because of Loral. I know I’m not the only one. But she doesn’t care. Loral Langemeier feels no remorse.
Is she in jail? I don’t think people should be allowed to roam around freely after scamming thousands of people for millions of dollars.
All of your points are right. Loral has been running this scam for decades. It took the SEC 20 years to catch up. But at least they did something. I feel sorry for everyone who fell prey to this con artist.
After so many years I got the perfect news to listen to about this company. She was scamming people with no remorse. I remember how I paid nearly $9000 for her seminar and ‘educational products’. I regret every one of those purchases.
I remember one of her schemes for the 100k challenge which is a fraud (like bitconnect). This scheme mostly targets old people or retired ones who want to invest their money in a scheme where they can earn or say print dollars.
The Millionaire Maker is a blatant scammer. The SEC has merely exposed her reality. However I’m sure it won’t have much impact cause she is still able to run her scams as if nothing happened.
I have been a part of the Loral Langemeier Big Table seminar which looked like a scam to me and most of the people who attempted the seminar felt their thousands of dollars were wasted. As she didn’t teach anything new through the seminar, she only tried to convince everyone to invest in her investment schemes. The motto of the seminar seemed that she was trying to sell her schemes to everyone present over there.
If you will pay attention to the theme of the seminar most of the time I found that she is just a pricey woman charging people just to promote her bogus schemes.
Yes, exactly. She has been in the industry for over 20 years and the SEC never caught wind of her illegal activities. It took them too long to realize what kind of a scam this woman was running.
You can find so many people who don’t want to work hard. No wonder this Loral Langemeier was able to scam hundreds. You can run out of smart guys but never dumb fools. I have several friends who are into crypto and thik they will be millionaires by next year.
I have been to Loral Langemeier Big Table. It’s a scam. Everyone there realized they just wasted thousands of dollars by going there. Loral didn’t teach us anything valuable at all. She kept rambling about different investment schemes that sounded too good to be true. I think what you said is on point. She is a pricey saleswoman for unregistered investments. And she makes some extra money by selling her coaching where she promotes more of these bogus schemes.
Many people are fools who are getting misled by the lucrative schemes of Loral Langemeier and her multiple companies. I will request those who want to invest their money and want to earn profit that Integrated Wealth Systems is not the place to do so. I have also lost my money with this fraudster and am still waiting for the company to return my funds.
My brother was a small-scale businessman running a store, when he came to know about the business offered by Loral’s LOL he was interested and thought of investing with the company, which turned out to be a disaster for him and his firm which broke him into depression and got scared of these online investment schemes.
I will never ask anyone to attend the seminars of Loral because they just make a fool out of you by making you invest in companies that you think will generate any profit. Instead of making any actual profit you will be helping Loral in becoming a “millionaire”. Now that the SEC has filed a case against Loral’s LOL for promoting unregulated schemes and getting compensated for those schemes, I don’t think there would be more victims. Then again, the world is full of idiots.
One of our neighbor’s grandfathers wasted their savings after attending one of the seminars offered by Live Out Loud where they convinced him to invest in some business after investing with the company they scammed him after running with the money.