FROM MLMWATCHDOG.COM
FTC BURNS BURN LOUNGE!
10 June 2007 — Burn Lounge Burned! Burn Lounge paid $50 for recruiting two new operators and selling two albums a month, while paying only 50 cents per album sold, the complaint said. Duh! Can you spell Pyramid by FTC standards? The money in Burn Lounge was coming from recruiting…. Not the 50% of income from Customers the FTC wants. BurnLounge is accused of being an illegal investment scheme in a lawsuit filed by the Federal Trade Commission last week. The company declined any comment Saturday the 9th of May. I bet Burn Lounge Execs and the Investors that committed $40 million had studied the history of the FTC and Income! SEE this article: the “Customers” part starts in the middle of the page.
http://www.mlmconsultant.com/mlm_law.htm
When things like this happens,, it hurts the entire industry! I HATE IT!
But it makes our recent article "Multiple Streams of MLM Inocme"
even more important.
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