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November 8, 2016

Posted  November 8, 2016

The FTC is mailing checks totaling more than $3.7 million to people who lost money to Fortune Hi-Tech Marketing, a pyramid scheme whose operators were banned from multi-level marketing under a settlement with the FTC and the states of Illinois, Kentucky and North Carolina. In January 2013, the FTC and the states charged the Fortune Hi-Tech Marketing defendants with deceiving consumers by claiming they would earn significant income through selling various products and services if they signed up as FHTM representatives. Participants were required to pay substantial start-up costs and monthly fees to retain their positions with the company. FTC

Tagged in: Antitrust Enforcement,