INFOMERCIAL CELEBRITY RUSS DALBEY MUST SURRENDER ASSETS IN $330 MILLION SETTLEMENT WITH COLORADO ATTORNEY GENERAL AND FEDERAL TRADE COMMISSION

DENVER – July 31, 2013 – (RealEstateRama) — Colorado Attorney General John W. Suthers today announced that his office and the Federal Trade Commission (FTC) have reached a settlement with Russell and Catherine Dalbey of Boulder for allegedly defrauding consumers with promises of making money by brokering seller-financed promissory notes or privately held mortgage loans. The two are now banned from telemarketing, selling business opportunities and producing or distributing infomercials.