Federal Trade Commission (FTC) Returning Millions to People Hurt by Pyramid Scheme
More than 285,000 checks are being mailed out
The Federal Trade Commission (FTC) is mailing out 285,361 checks worth, in total, more than $3.7 million to people who lost money to a pyramid scheme known as Fortune Hi-Tech Marketing.
The operators of the scheme have been prohibited from multi-level marketing under the terms of a settlement with the FTC and the states of Illinois, Kentucky, and North Carolina.
Those who receive a check should either deposit or cash the check within 60 days. The FTC may have more funds to distribute at some future time after lawsuits filed against Fortune's highest-earning sales representatives have been resolved.
The agency never makes people pay money or give account-related information to cash a refund check.
Consumers with questions should contact the FTC's refund administrator, Epiq Systems, at (800) 964-0978.