MORE KENTUCKY NEWS

Shoulder, lane restrictions in place along I-24
Central Kentucky winery auction off
2 buildings burn in Murray's Court Square
Cave City voters approve package liquor sales
Construction at Kentucky football stadium to go on
Custodian settles lawsuit against Greenup schools
Lexington mail plant moving in 2015
Century Aluminum, union reach 5-year deal
Police arrest escaped inmate, 3 others in Kentucky
McConnell credited with helping save jobs in ad
Volunteers needed for National FFA Convention
61 Ky. water plants recognized for performance
Eastern Ky. touted in culinary tourism promotion
Biden among Urban League meeting speakers in Ohio
Interstate closes after bee-carrying truck crashes
Paducah plant deactivation deal awarded
Beshear: Health rulings won't affect Kentucky
Ky. bourbon inventory tops 5 million barrels
Louisville AD Jurich gets Maker's Mark bottle
Court upholds conviction of man in fraud scheme
4 plead guilty to fraud conspiracy
Special prosecutor tapped for police shooting case
Families upset when cemetery decorations removed
Police: Mom left child at pool, smoked crack
Alltech plans new distillery in eastern Kentucky
State warns against crossing closed bridge
Cave City to decide fate of liquor sales
Police: Man falls from Pilot Rock, dies
Ex-prison employee pleads guilty to rape
Grimes jabs McConnell on jobs issue in new TV ad



Kentucky News
News from the region's first prime-time newscast. You'll find it First On Fox!


PYRAMID SCHEME
Kentucky company involved in pyramid scheme to return $7.75 million to consumers

Reported by: Associated Press
Reported: Tuesday, May 13, 2014 4:03 PM EDT
FRANKFORT, Ky.


A Kentucky-based company has been ordered to return $7.75 million in assets to more than 350,000 people who were caught up in what officials say was one of the country's largest pyramid schemes.

The Federal Trade Commission along with attorneys general in Kentucky, Illinois and North Carolina announced the settlement Tuesday with Lexington-based Fortune Hi-Tech Marketing. Officials said the company would charge people $249 for the rights to sell products like satellite TV service and home security systems. Officials said more than 98 percent of the people who paid the fee lost money.

Kentucky Attorney General Jack Conway called it a classic pyramid scheme. An attorney for Fortune Hi-Tech Marketing did not immediately return a call seeking comment. The Federal Trade Commission is responsible for returning the money to consumers.










PRIME PICKS

THE BIG BANG THEORY
Tonight at 7:30 PM

The Work Song Nanocluster
Penny's home business turns into a complete nightmare when Sheldon takes over



Get 1/2 price gift certificates

Find us on Facebook

Advertisement