WebThe company paid $17 million to compensate customers that have been burned by the business. For sure, the name Burnlounge did really suit their company after burning a lot of damage. Metabolife Founded in the early … BurnLounge, Inc. was a multi-level marketing online music store founded in 2004 and based in New York City. By 2006, the company reported 30,000 members using the site to sell music through its network. In 2007, the company was sued by the Federal Trade Commission for being an illegal pyramid scheme. … See more BurnLounge was founded in 2004, with offices in New York City. Its primary business was the BurnLounge online music store, and it was associated with Orbital Publishing, which produced printed matter for the company. … See more Federal Trade Commission (FTC) filed a lawsuit on June 5, 2007, against specific BurnLounge participants for involvement in a pyramid scheme. The FTC claimed that BurnLounge is a … See more • Official website • Burnlounge Lawsuit See more
The Big pyramid scheme company list - Direct Selling Star
WebBurnLounge, Inc. (“BurnLounge”) and Juan Alexander Arnold filed a timely motion to alter or amend judgment pursuant to Fed. R. Civ. P. 59, which the district court denied on May 3, 2012. Pursuant to Fed. R. App. P. 4(a)(1)(B), defendants BurnLounge and Arnold timely filed notices of appeal on May 17, 2012, and defendant John Taylor timely WebBurnLounge, Inc. (“BurnLounge”) was a multi-level marketing business. As a result, the Federal Trade Commission (“FTC”) become increasingly suspicious of illegal operations … dutch electricity price
Five Famous Pyramid Scheme Companies That Ended in Legal Action
WebJan 17, 2024 · BurnLounge, Inc. was an online music store established in 2004 in New York City. By 2006, the company had 30,000 users. In 2007, the FTC sued BurnLounge, Inc. … WebFeb 22, 2024 · What made BurnLounge’s Mogul program illegal is that a participant’s compensation actually came from mandatory music package purchases that were tied to an enrollment fee and were non ... WebFTC Returns Almost $1.9 Million to Consumers in BurnLounge Pyramid Scheme Contact Information MEDIA CONTACT: Frank Dorman Office of Public Affairs 202-326-2674 STAFF CONTACT: Burke W. Kappler Office of General Counsel 202-326-2043 Chris M. Couillou FTC Southeast Region 404-656-1353 imb15l402f442s16f60a