Officials: Thousands Lost Cash in Lexington-Based Scheme

By: Associated Press
By: Associated Press

Tens of thousands of people in the United States and abroad may have lost millions in what federal and state officials are calling a classic pyramid scheme being run by a Kentucky-based company.

Kentucky Attorney General Jack Conway said Monday the state and the U.S. Federal Trade Commission are investigating Fortune Hi-Tech Marketing of Lexington. The company charged fees to consumers in exchange for allowing them to sell consumer goods such as satellite television service.

Conway says members only received substantial payments when they signed up new members.

The states of North Dakota, Montana and Texas have previously taken legal action against Fortune and reached settlements. The attorneys general of North Carolina and Illinois contacted Conway and the FTC regarding complaints from consumers in their states.


WBKO.com is happy to provide a forum for commenting and discussion. Please respect and abide by the house rules:

Keep it clean, keep it civil, keep it truthful, stay on topic, be responsible, no links, share your knowledge, and please suggest removal of comments that violate these standards.

powered by Disqus
WBKO 2727 Russellville Road Bowling Green, KY 42101-3976 Phone: 270-781-1313 After Hours Hotline: 270-781-6397 Fax: 270-781-1814
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 188748321 - wbko.com/a?a=188748321