Archive for January 28th, 2013

FTC, 3 State Attorneys General Move On Fortune Hi-Tech Marketing (FHTM) Amid Pyramid Allegations; MLM Site Now Resolves To Court-Appointed Receiver’s Page

FTC, 3 State Attorneys General Move On Fortune Hi-Tech Marketing (FHTM) Amid Pyramid Allegations; MLM Site Now Resolves To Court-Appointed Receiver's Page

BULLETIN: The FTC and attorneys general for the states of Illinois, Kentucky, and North Carolina have moved against Fortune Hi-Tech Marketing (FHTM), alleging it is a pyramid scheme. A federal judge in the Northern District of Illinois has appointed a receiver and ordered an asset freeze. FHTM’s website at FHTM.com now resolves to a site […]

‘American Greed’ Producing Episode On Trevor Cook Ponzi Fraud; Seniors, People Of Faith Fleeced By Cook And His Pitchmen

'American Greed' Producing Episode On Trevor Cook Ponzi Fraud; Seniors, People Of Faith Fleeced By Cook And His Pitchmen

CNBC’s “American Greed” will be in Minneapolis today to begin filming an episode on the massive Trevor Cook Ponzi scheme that was targeted at senior citizens and conservative Christians and rendered some victims penniless, a source told the PP Blog. Cook’s scheme gathered about $194 million. It collapsed in 2009. Money that potentially could go […]