All Posts Tagged Tag: ‘Pyramid schemes’

Paul Orberson, Head of Fortune Hi-Tech Marketing, Dies at Age 57

Paul Orberson, the founder of infamous multi-level marketing company Fortune Hi-Tech Marketing (FHTM), has died at age 57. According to a report from the Lexington Herald-Leader, Orberson died of kidney cancer, which he was diagnosed with in 2003. He is survived by his wife and two children. Born in 1956, Orberson grew up in Danville, KY and later attended Western …

Read More

YouTube A Breeding Ground For Ponzi Schemes

Google might be struggling to make money off YouTube, but pyramid schemers are apparently doing just fine. They’re doing so well, the Better Business Bureau has issued an alert warning of “little Bernie Madoffs” running all around the video site Call it user-generated scamming. .

A search for “cash gifting” on YouTube brings back over 25,000 videos and, at the rate they were going last week, the videos have been viewed over 60 million times.

Read More