Source: Npros.com 3/17/2010
FHTM New Legal Troubles in Montana
FHTM's first issue was with the North Dakota Attorney General. According to company press releases, the issue was minor and was cleared up quickly.
The company is prohibited from doing business in Montana until there is a hearing or a settlement in the matter.
State Commissioner of Securities and Insurance Monica J. Lindeen stated that Fortune Hi-Tech Marketing took nearly $1.9 million from over 1000 Montana participants between July 2006 and June 2009.
According to Lindeen, the company lures new members with income opportunities with companies such as Dish Network and General Electric. But, she says, members only benefit if they recruit others to join in the alleged scam.
Related News
-
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 N... Read More...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... Read More...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 ... Read More...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KY September 22, 2012 -- On Friday, September 13, 2012, the United States District Court Eastern District of Kentucky rescinded its dismissal and reinstated a proposed class-action lawsuit against Fortune Hi-Tech Marketing, Inc. (FHTM).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 again... Read More...
