Source: Npros 1/29/2013
Fortune Hi-Tech Marketing Shut Down-Assets Seized-by Kentucky AG
The lawsuit alleges that more than 90 percent of those who participated in the money lost their $249 initial fee.
The suit was filed in Illinois federal court by the Federal Trade Commission and by attorneys general from Kentucky, North Carolina and Illinois.
The lawsuit seeks a permanent injunction, plus civil penalties and resitution for damages. Company assets as well as some personal assets of the company's top officials were seized as part of the temporary injunction.
Attorney General Jack Conway said that there may be criminal penalties as violating Kentucky's pyramid scheme law is a Class C felony.
Robb Evans & Associates have been assigned as the receivors.
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