What a difference just one person can make in many many lives. Please watch the video below. I pray it will touch your life as it has mine!! The Power of One isn't a lonely number!! We serve One Awesome "GOD" !!
About Me
- Becky
- I am married to my best friend and father of our 4 children Elaina 25, Amber 18, Dustin 12 and Anna Grace who lived for 5 1/2 months died June 5, 2001. She was our angel on earth now she is in heaven. When FHTM was introduced to me a little over a year ago it gave me Hope and my Dreams back with an opportunity to help others have more than they could ever imagine! Paul Orberson, Founder of Fortune Hi-Tech Marketing is the most unblievable person I have ever met. The concept of the company was to help ordinary people just like you and me. You are the middleman of your own bills you are most likely currently using.
My Blog List
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Tired of Being "Poor"16 years ago
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More Kentucky Excitement16 years ago
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FHTM Updates16 years ago
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I purchased the BSP mastercard in the Rewards Mall. There are NO instructions on how to load it with cash so you can shop with it. Do you know?
ReplyDeleteRex
A class action lawsuit was filed against Fortune Hi-Tech Marketing (FHTM), its officers, directors, Presidential Ambassadors and all National Sales Managers claiming fraud, pyramid scheme and RICO violations in the Eastern District of the Federal Courts on September 2, 2010
ReplyDeleteDefendants listed in the lawsuit include:
Paul C. Orberson, Jeff Orberson, Thomas A. Mills, David Mills, Billy Stahl, Simon Davies, Ruel Morton, Todd Rowland, Ashley Rowland, Todd & Ashley, Inc., Mike Misenheimer, Steve Jordan, Joel McNinch, Chris Doyle, Ken Brown, Jerry Brown, Bob Decant, Joanne McMahon, Terry Walker, Sandi Walker, Sherri Winter, Trey Knight, Kevin Mullins, Scott Aguilar, Molly Aguilar, Nathan Kirby, Dwayne Brown, Aaron Decker, Susan Frank, Ramiro Armenta, Angelina Armenta, Alexis Adame, Teresa Adame, Darla DiGrandi, Matt Morse, Matt Barrett and Roberto Rivera
This is an action by plaintiffs on behalf of themselves and those similarly situated to recover damages caused by the defendants' operation of an inherently fraudulent pyramid scheme. The pyramid scheme is fraudulent because it requires the payment by participants of money to defendant Fortune Hi-Tech Marketing, Inc. ("Fortune"), in return for which participants receive (1) the right to sell products and (2) the right to receive in return for recruiting other participants into the program rewards which are unrelated to sale of the product to ultimate users.
This action is brought on behalf of a national class of persons who serve or have served as independent representatives for Fortune, pursuant to the Racketeer Influenced and Corrupt Organizations Act, 18 U.S.C. § 1961-1968 ("RICO"), the Kentucky Consumer Protection Act, KRS Chapter 367, and the laws of Kentucky.
Fortune operates as an illegal pyramid scheme because this compensation plan affords IRs the right to receive in return for recruiting other participants into Fortune rewards which are unrelated to the sale of products or services to ultimate users outside of Fortune. Fortune's compensation plan involves an elaborate set of bonuses which are effectively the only way to earn money in Fortune and which are all tied not to real sales to outside customers, but rather to recruitment of new IRs.
The defendants' promotion of an illegal pyramid scheme is a per se scheme to defraud under the mail and wire fraud statutes; thus, the defendants have committed racketeering acts by promoting an illegal pyramid scheme by using and causing others to use the mail and by transmitting and causing others to transmit, by means of wire in interstate commerce, writing, signs, signals, pictures and sounds, all in furtherance of and for purposes of executing a scheme or artifice to defraud, namely an illegal pyramid scheme.
Why did Todd Rowland moved his family from his trashed mansion in NC in the middle of the night last week? IS he running from the NC DOJ? The IRS? The mortgage company he owes more than a million dollars too? Where in Destin, Florida is he renting now? Guess he wasnt making the type of money he claimed through the FHTM business!
ReplyDeleteOn January 28, 2013 the FTC in conjunction with the AG's from NC, KY and Illinois closed FHTM and seized all of their assets.
ReplyDeleteDr. Peter Vander Nat, examined FHTM’s financial data for the FTC and determined that at least 88% of the compensation paid by FHTM is in the form of recruitment bonuses, not sales-based commissions. Furthermore, most recruits will never recoup their investments in FHTM. Conservatively, at least 90% of FHTM participants earn nothing through FHTM, and 94% of recruits drop out within a year. In fact, this massive loss rate is the inevitable mathematical consequence of FHTM’s business model.
Not only are FHTM’s earnings claims false, but, by its very design, FHTM’s compensation plan ensures that only those at the top make money. By prioritizing recruitment over product sales, resulting in a system where rewards paid for recruitment are unrelated to sales to ultimate users, FHTM is operating an illegal pyramid scheme.
It has been hard to get to the root of Fortune Hi-Tech's sales figures up until now. A few days ago the Federal judge unsealed the FTC v. FHTM case. After scouring through the exhibits their sales spreadsheets from 2006-2010 were found. Almost 50% of all of their combined 5 year revenue came from recruiting fees, renewals and tools for reps only. Product sales were less than 50% of total revenue and most of that was internal consumption by the representatives. The sales charts are available at:
ReplyDeletehttp://www.joseph-isaacs.com/courtcases/FHTM%20sales%2006-10.pdf
Happy reading. BTW - these are not the same figures given to the Texas AG or Direct Selling News to get listed in the top 100 a few years ago.
How many victims ever knew what the real numbers were. Now they do thanks to the KY subpoenas and the FTC action.