For most MLM underbelly victims, they’re don’t get anything back.

Fortunately for Fortune Hi-Tech Marketing victims, regulators intervened before it was too late.

Back in 2014 an FTC enforcement action against FHTM saw a suspended $169 million dollar judgement imposed.

FHTM’s operators surrendered millions of dollars in assets to satisfy judgement, which the FTC is now returning to victims of the scheme.

The Federal Trade Commission is mailing 285,361 checks totaling more than $3.7 million to people who lost money to Fortune Hi-Tech Marketing (FHTM), a pyramid scheme whose operators were banned from multi-level marketing under a settlement with the FTC and the states of Illinois, Kentucky and North Carolina.

Lawsuits against top FHTM continue, the resolution of which is expected to provide additional funds for the FTC to return to victims.

The
FTC advises
that recipients of checks ‘
should deposit or cash checks within 60 days
‘.

Good news all round, and here’s hoping the FTC nails FHTM’s top scammers for every last dollar scammed.

🤖 Quick Answer

What enforcement action did the FTC take against Fortune Hi-Tech Marketing?
In 2014, the FTC initiated enforcement action against FHTM, resulting in a suspended $169 million judgment. FHTM operators surrendered millions in assets to satisfy the judgment, which the FTC subsequently distributed to victims through compensation checks.

How much money is the FTC returning to FHTM victims?
The Federal Trade Commission is distributing over $3.7 million to 285,361 victims of Fortune Hi-Tech Marketing. This compensation represents assets surrendered by FHTM operators following the 2014 FTC enforcement action and settlement agreement.

Which states were involved in the FHTM settlement with the FTC?
The settlement with Fortune Hi-Tech Marketing involved the FTC and three states: Illinois, Kentucky, and North Carolina. These jurisdictions coordinated enforcement action against FHT

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