Mills, are being sued by the FTC (on behalf of the people), and by the Attorney … Ky. 2014): The FTC and the states of Illinois, Kentucky, and North Carolina charged the Fortune Hi-Tech Marketing (FHTM) defendants with deceiving consumers by claiming they would earn significant income through selling various products and services if they signed up as FHTM representatives. Fortune reps sold a variety of products and services including Dish Network subscriptions, vitamins, and cosmetics. The FTC stated that… The government has accused Fortune of being a pyramid scheme where 96% of its distributors were losing money. A Kentucky-based company charged by the FTC and several state attorneys general as being a pyramid scheme will return more than $7 million to consumers under a settlement agreement. The FTC lawsuit was initially filed in January 2013. It sold a variety of goods and services, including hair care products, mobile phone services, and satellite television services. Another MLM company bites the dust as the FTC announced it has shut down Fortune Hi-Tech Marketing. Fortune Hi-Tech Marketing, Inc., CV-123-KSF (E.D. The suit alleges that FHTM is, and always has been, an “illegal pyramid” scheme and is a … Fortune High Tech Marketing (FHTM) is based in Lexington, Kentucky, and was founded in 2001 by Paul Orberson. Fortune Hi-Tech Marketing was founded as an MLM in 2001 by Thomas Mills and Paul Orberson in Lexington, Kentucky. Fortune Hi-Tech Marketing was charged with allegations that it used deceptive marketing about how much money could be earned by selling products and services. Plaintiffs Yvonne Day , Leonard Haslag , James McCormick and John W. Turner filed a class action law suit against Network Marketing company Fortune Hi-Tech Marketing, Inc. (FHTM), the company, the owners, officers, some employees and distributor leaders in September 2010.. announced Tuesday.. The company, Fortune Hi-Tech Marketing Inc. (FHTM) enrolled more than 350,000 consumers throughout the U.S., including Puerto Rico, and Canada, and targeted the … The recent shut down of Fortune High Tech Management, and the ensuing Fortune Hi Tech Lawsuit should be a wake up call to all people looking at partnering with a network marketing company and those who are partnered with a company who has a similar compensation model.. FHTM founder Paul Orbeson started the company after the failing of the Excel company. 21 dismissed because at all relevant times I have been an Independent contractor for Fortune HiTech Marketing, Inc., with no management authority or control; and the complaint does not allege any specific wrongful act by me and does not even mention my name except to identify me. Fortune Hi-Tech Marketing. FHTM offers products, services and opportunity to people across the United States as well as in Canada, the United Kingdom and Puerto Rico. 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, … Sellers were paid only a very small (.25% to 1%) on products they sold. In a 42 page document (exclusive of Exhibits) 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, some employees and distributor leaders. In blistering language … Class Action Lawsuit Calls MLM, Fortune High Tech Marketing, an Illegal Pyramid Sep 6, 2010 | News , Scheme Alerts One of the country’s fastest growing “direct selling” companies, called Fortune High Tech Marketing, was recently prosecuted by the state of Montana for operating an illegal pyramid scheme. 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