Overview, company details, product information, news, events, rankings and Rep listings for Prosperity Automated System.
On September 28, 2006 the Securities and Exchange Commission began action to shut down Prosperity Automated Systems 25,000 websites and accused the operators of running a 15 million dollar pyramid scheme. The complaint targets the company and its creater, William Osterhout.
William M. Osterhout
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Internet Pyramid Scheme AllegedThe Securities and Exchange Commission is seeking to shut down a network of 25,000 websites, accusing operators of running a $15-million pyramid scheme that promises to shower participants with easy cash. Prosperity Automated System, which bills itself as a marketing network, "is destined to collapse and leave the vast majority of investors with substantial los...
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