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AZ Central

Officials: Thousands lost cash in Ky.-based scheme

January 28, 2013

LEXINGTON, Ky. -- Authorities seized a far-flung marketing operation Monday over claims the Kentucky-based company amounted to a global pyramid scheme that siphoned hundreds of millions of dollars from people who paid steep fees to become sales representatives but made a pittance for selling products. Federal and state agents converged on Fortune Hi-Tech Marketing's headquarters in Lexington and its warehouse in Danville after a federal judge in Chicago ordered the company to cease operations. The judge appointed a receiver to oversee the company's assets.

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