Paul Orberson / President and CEO
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FTC Sends Checks to Former FHTM Representatives
November 8, 2016--The Federal Trade Commission announced it will mail checks totaling more than $3.7 million to provide partial refunds to almost 300,000 former independent representatives of Fortune HiTech Marketing (FHTM), which was sued and shut down by the FTC and Kentucky state regulators in 2013. FHTM settled the lawsuit and agreed to pay for the partial refunds. The FTC said it may have a...
FTC Bans FHTM from Multilevel Marketing
Frankfort, KY, May 13, 2014 -- An order entered by the U.S. District Court for the Eastern District of Kentucky bans Fortune Hi-Tech Marketing (FHTM) and its operators from multilevel marketing under a settlement with the Federal Trade Commission and the Attorneys General of Kentucky, Illinois and North Carolina. The settlement also requires the surrender of assets worth at least $7.75 million as...
Fortune HiTech Marketing Principals Issue Statement Denying Wrongdoing
Fortune Hi-Tech Marketing, Inc. principals Paul Orberson and Thomas Mills issued the following statement relating to litigation with the Federal Trade Commission (FTC) and Attorneys General of Illinois, Kentucky and North Carolina: LEXINGTON, Ky., Feb. 7, 2013 -- "We deny any wrongdoing and will vigorously contest the allegations and efforts to close our business. The claims made by the FTC an...
Fortune Hi-Tech Marketing Shut Down-Assets Seized-by Kentucky AG
The headquarters and warehouse of Fortune Hi-Tech Marketing were seized Monday, and the business placed in receivership, when the FTC and Kentucky Attorney General Jack Conway's office alleged in a lawsuit that the company operated a "massive pyramid scheme".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...
Federal Judge Rescinds FHTM Class Action Dismissal
Lexington, KY September 22, 2012 -- On Friday, September 13, 2012, the United States District Court Eastern District of Kentucky rescinded its dismissal and reinstated a proposed class-action lawsuit against Fortune Hi-Tech Marketing, Inc. (FHTM). The judge ruled in favor of the Plaintiffs and against all named individual defendants on their motion to compel arbitration. The judge denied the valid...
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