Current Events Articles

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.

Read entire article on AZ Central
« Previous Article Next Article »

More From Current Events Articles

  • The 2012 Anderson Monarchs Barnstorming Tour: Field of Dreams
  • The 2012 Anderson Monarchs Barnstorming Tour: Cedar Rapids, Iowa
  • The power of 'we' is central to teamwork
  • Best of Luxury

    Finding the best in luxury can be a daunting task, which is why we've taken it on for you.
    View All Best of Luxury
    THINGS WE LIKE