Dave Ramsey SUED For $150,000,000

Dave Ramsey is the financial guru who teaches others how to escape financial debt, and live a life free of credit cards and unnecessary expenses. Now while the basic fundamentals of financial living he teaches are fine, what goes on behind the scenes of Dave Ramsey’s company, are quite shocking. Dave was just recently hit with a $150 million dollar lawsuit, from former listeners of his radio program, after they felt they were defrauded by a company he promoted. Dave has also had a lawsuit brought against him for allegedly firing a pregnant employee because she was not married, and the most shocking of all is the fact that Dave has been known to pull out a loaded firearm at company meetings, to intimidate employees who gossip about him.

Now all of that is a lot to unpack, and for long time listeners of Dave Ramsey’s radio show, and YouTube channel, which draws in millions of viewers every month, it may be a hard pill to swallow. But as we go over it, I’ll provide the documentation of Dave’s long history of apparently overstepping his bounds as an employer, and leading many of his employees to eventually speak out against the man, after witnessing multiple unhinged business practices by Dave and his team.

Before we get into the lawsuits, let’s talk about how Dave Ramsey got his start. Back in the 1980s, he was flipping homes with short term loans from a local bank. The bank he was working with was eventually bought by a larger bank, who felt Dave was way overleveraged. The bank, worried they would lose the money they loaned him, told Dave he had to pay $1.2 million dollars in loans in 90 days. Dave, unable to do so, eventually had to file for bankruptcy in September of 1988.

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