LATEST MLM PHONE NEWS
TEXAS AG SETTLES WITH FORTUNE HIGH TECH MARKETING
According to the agreement FHTM consented to pay the attorney general’s investigative costs of $200,000 and provide up to $1.3 million worth of refunds to consumers. Short fuse on refunds! The AG's office just formally announced the refund program, but the deadline for filing a claim is Nov. 28 — only 12 days from now. See the Texas AG's website - Quick!
MLM - Network Marketing Cell phone Telephone Fortune High Tech Marketing
In a 42-page pleading, plaintiffs Yvonne Day , Leonard Haslag , James McCormick and John W. Turner filed a class action law suit against Fortune Hi-Tech Marketing, Inc. (FHTM), the company, the owners, officers, employees and some distributor leaders. In the lawsuit, recent focus is given to legal actions by the states of Montana and North Dakota. The suit alleges that FHTM is, and always has been, an “illegal pyramid” scheme and is a “Racketeer Influenced and Corrupt Organization.” To make a big splash those named in the lawsuit are: 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. Editor's Note: The plantiffs forgot to throw in Mr. “kitchen sink”!
Editor's opinion: Eeeerr...........little bit stupid lawsuit using the states of Montana and North Dakota since the company already settled with them. Also, throughout the pleadings the plantiffs keep saying they never read anything about having to arbitrate before suing. That means they know that is a big hammer they are going to get whacked with.
Total Editor's Opinion: The lawsuit is a waste of time compared to MLM distributor rights cases in which distributors are terminated and lose $100’s of $1000’s of dollars if the company wins. I just can’t give any empathy to these plaintiffs.
FORTUNE HIGH TECH MARKETING
MONTANA ONE MILLION BUCKS
Ed. Opinion Note: The generational bonus on the fast start first sale made famous by Excell is now coming under fire from various AG's. First South Dakota looked at FHTM and now Montana says residents lost $1.8 million to FHTM. If this plan is going out of style and undergoing scrutiny there are several Energy MLM Companies that are up for a hit too!
FHTM IS ALSO UNDER ATTACK LOCALLY BY A DISTRIBUTOR THEY TERMINATED!
This upset Distributor is going around to local TV - Radio - News Paper making sure that they get the news out about the Montana AG Hit! Shame, shame, teach you to terminate DISTRIBUTORS !!! NO - NO!
HOW DOES ACN GET AWAY WITH IT?
Simple if somone sneezes they give them their money back something that FHTM above was dragging their feet about. I have a test going on now with a reporter that joined FHTM to see how long it takes him to get his money back from FHTM. The BBB gives ACN good rating on rare for MLM Company
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1995 OLD MLM INSIDER FALILED MLM PHONE COMPANIES KEEP HITTING ACCOUNTS
Few people realize that Network Marketing was and is at the forefront of long distance telephone growth. Sprint actually penetrated the market through Network 2000, a Network Marketing company. Remember their selling silver cards in 1989?
The program was successful. Though Sprint denies it, Network 2000 built Sprint. The day came when Sprint corporate marketers got jealous and took their axes to Network 2000. What resulted was the largest class action suit in the history of Network Marketing-$198 million dollars. Networkers who were in Network 2000 still collect checks from Sprint. AMWAY and MCI don't release exact figures, but industry estimates are that 48% of new customers that MCI gets are through AMWAY.
The telephone industry is competitive to the max. The average consumer doesn't know what they pays per minute in telephone time. The personal touch of a Networker is needed to divide minutes into cost and show consumers they are getting the shaft. TV advertising by the big three is designed to confuse.
The continuing deregulation affects Networkers for the better. The ffects local exchanges and even cell towers. Some long distance companies are planning to compete with local telephone companies. Ask about that edge when shopping a NetWork Marketing telephone company.
Issues ago we wrote about the high failure of MLM phone companies. We said the major discriminator is money. Big money is needed to buy long distance time at a discount so that a MLM company can be competitive and payout commissions.
Remember don't allow ACH automatic deductions out of your checking accounts. Failed companies have kept hit accounts several times a month.
