Business Ventures
A high-school dropout, in 1990 Lapre and his wife started a credit repair business called Unknown Concepts. Lapre then began selling a 36-page booklet explaining how to recover a Federal Housing Administration insurance refund after paying off a home mortgage. He also began offering "900" phone lines. On TV infomercials in the early–mid 1990s, he claimed that by placing "tiny classified ads" in newspapers he was "able to make $50,000 a week from tiny one-bedroom apartment".
In 1992, Lapre began broadcasting The Making Money Show with Don Lapre, which suggested that viewers could make money as easily as he had. For several years the show was ranked among the ten most frequently broadcast cable television infomercials. The principal product was Lapre's "Money Making Secrets", a package of booklets, tapes, and common-sense tips for placing ads and operating a 900-number business. The product was sold through "New Strategies", whose parent company was Tropical Beaches.
In 2005, the Food and Drug Administration (FDA) warned Lapre about claims his vitamins were intended as a drug for diseases such as diabetes, stroke, heart disease, insomnia, cancer, and arthritis. The FDA stated "Your products are not generally recognized as safe and effective for the above referenced conditions." In 2006 the FDA again warned Lapre about untruthful claims.
Read more about this topic: Don Lapre
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