Online music retailer denies judge’s allegations of pyramid scheme
A federal judge has ordered online music retailer BurnLounge to turn over its financial records and do away with a major part of its business plan that he called a “classic pyramid scheme.”
BurnLounge CEO Alex Arnold has resigned from the multilevel music store company after the FTC branded the company a pyramid scheme and is seeking ot shut down.
BurnLounge co-founders Ryan Dadd and Stephen Murray along with the company's board unanimously approved the appointed of Alex Arnold's suc...
Former USC football star Rob DeBoer confirmed Friday he has been sued by the Federal Trade Commission for his involvement with an online music retailer that is accused of being a pyramid scheme.
DeBoer said he is a retailer for Burnlounge, selling digital music on the Internet and the opportunity...
Seasilver(r) and related parties are appealing a $120 million "avalanche" payment demanded by FTC in connection with a 2003 settlement of advertising and labeling issues {U.S. District Court, District of Nevada CV-S-03-0676-RLH-(LRL)}. Seasilver is one of...
Seasilver Marketers Fined Almost 120 Million by FTC
Marketers of Seasilver Ordered to Pay Almost $120 Million
2006-07-24 - Federal Trade Commission (FTC)
Defendants Failed to Pay Consumer Redress
The marketers of Seasilver, an alleged phony cure-all, have been ordered to pay almost $120 million for failing to comply with an earlier order requir...
