Thread: Fortune High-Tech Marketing FHTM Shut Down / Pyramid Scheme???

On January 28, 2013 the FTC in conjunction with the AG's from NC, KY and Illinois closed FHTM and seized all of their assets.

Dr. Peter Vander Nat, examined FHTM’s financial data for the FTC and determined that at least 88% of the compensation paid by FHTM is in the form of recruitment bonuses, not sales-based commissions. Furthermore, most recruits will never recoup their investments in FHTM. Conservatively, at least 90% of FHTM participants earn nothing through FHTM, and 94% of recruits drop out within a year. In fact, this massive loss rate is the inevitable mathematical consequence of FHTM’s business model.

Not only are FHTM’s earnings claims false, but, by its very design, FHTM’s compensation plan ensures that only those at the top make money. By prioritizing recruitment over product sales, resulting in a system where rewards paid for recruitment are unrelated to sales to ultimate users, FHTM is operating an illegal pyramid scheme.

Originally Posted by Soapboxmom

Thanks to Pyramid Scheme Alert for this:

News from Pyramid Scheme Alert.org

I give FHTM an F as well!!!

Soapboxmom

On January 28, 2013 the FTC in conjunction with the AG's from NC, KY and Illinois closed FHTM and seized all of their assets.

Dr. Peter Vander Nat, examined FHTM’s financial data for the FTC and determined that at least 88% of the compensation paid by FHTM is in the form of recruitment bonuses, not sales-based commissions. Furthermore, most recruits will never recoup their investments in FHTM. Conservatively, at least 90% of FHTM participants earn nothing through FHTM, and 94% of recruits drop out within a year. In fact, this massive loss rate is the inevitable mathematical consequence of FHTM’s business model.

Not only are FHTM’s earnings claims false, but, by its very design, FHTM’s compensation plan ensures that only those at the top make money. By prioritizing recruitment over product sales, resulting in a system where rewards paid for recruitment are unrelated to sales to ultimate users, FHTM is operating an illegal pyramid scheme.

Originally Posted by littleroundman

Welcome to RealScam.com, NCQueen,

Yours is an all too common story in the murky world of Multi Level Marketing.

For all the protestations by MLM supporters and spin doctoring by their representative bodies, there are just too many similar reports floating around for them to be aberrations.

Perhaps MLMers enjoy the notoriety participating in their chosen field brings them.

It certainly seems from the outside that the publishers of the "MLM 101" handbook completely forgot to include chapters on ethics, morals and honesty in the latest addition.

Hmmm... fhtmclassaction... have YOU heard of Robert Craddock?

Hearing delayed in pyramid-scheme case against Fortune Hi-Tech Marketing

Published: February 7, 2013

march 13 for pyramid-scheme case
By Linda B. Blackford — lblackford@herald-leader.com
The first federal court hearing in the case against a Lexington company accused of operating an illegal pyramid scheme has been delayed until March.
Judge John Darrah of the U.S. District Court for Northern Illinois granted a continuance to Fortune Hi-Tech Marketing, which recently hired the law firm of Perkins Coie of Chicago. The next hearing will be held March 13 in Chicago.
The Federal Trade Commission and the attorneys general of Kentucky, Illinois and North Carolina have accused Fortune Hi-Tech of operating an illegal pyramid scheme that involves as many as 100,000 people. On Jan. 28, federal and state officials shut down Fortune Hi-Tech's headquarters in Lexington and put all the company's assets into receivership.


<Snip>

The case is under seal, but court officials said they expect the seal to be lifted in the next few days.

[Link to the story on Kentucky dot com]

Interesting, even with their doors closed and affiliates dead in the water earning wise, FHTM is the one asking for the continuance. I don't think that's the prompt decisive action the sales force was hoping for.

Originally Posted by Soapboxmom

Wserra analyzed the legal docs. I don't believe for a second there is any misinterpretation there. Mr. Isaacs lost the trademark infringement suit filed against him. Why don't we talk about that. Post the judgment and any orders and fill us in.

Soapboxmom

Mr. Isaacs did NOT lose the trademark infringement case against him. The case was dropped by FHTM in a settlement agreement from June 2011. Agreeing to take down websites in an effort to settle litigation is not the same as losing in Federal Court.

All case files can be found at the whistle-blower's site Skapegoat | Facts and News | Fortune Hi-Tech Marketing (FHTM) Scam

FHTM never won any of the cases against Isaacs, although they claimed they did. The counterclaims were never thrown out either, as FHTM would have liked you to believe over the past few years. The joint Motion for Dismissal is on that website as well.

I guess Mr. Isaacs was correct in his analysis of the FHTM pyramid scheme because the FTC case against them is similar in nature to his counterclaim from 2010.

FTC shuts down Fortune Hi-tech and seizes all assets on 1/28/13. www.ftc.gov/opa/2013/01/fhtm.shtm

Hate to say, had to be taken down = lost. Otherwise they would still be up. No 2 ways about it.

The Fall of Fortune Hi-Tech Marketing Has Lessons for the MLM Industry

by Adonis E. Hoffman, *Adonis Hoffman, Esq., is an attorney and marketing professor in Washington, DC, who follows the MLM industry.

The world of network marketing, direct sales and MLM was shaken when the Federal Trade Commission (FTC) and the Attorneys General of Kentucky, North Carolina and Illinois acted jointly to shut down the operations and seize the assets of Fortune Hi-Tech Marketing (FHTM) on January 28, 2013. Such a harsh display of federal and state enforcement rarely has been seen in the industry, and the aftershocks will be felt for a long time to come.

<Snip>


2. Spread the Wealth From Top to Bottom



One of the government's claims against FHTM is that over 95 percent of the reps made little or no money whatsoever, while one or two percent of its leadership earned incomes averaging over $300,000 and upwards of $1 million. If such an allegation is true, this is a legacy no self-respecting company in any industry should be proud to report. These kinds of statistics point to failure of the company, not to success, and no amount of spin or doctrine or motivational rallying can change the fact.



A responsible company will take the necessary steps to adjust its practices so the ratio of top earners to low-earners is not wildly out of balance. A responsible company will institute reforms to spread the company's wealth, even if it means re-jiggering the compensation plan to reward effort. A responsible company will bring in compensation experts to fix what is broken. The key lesson for any company in the industry is that federal legislators will not tolerate an egregiously outbalanced compensation structure, where there is no apparent regard for some kind of equity. When allowed to persist for years, as it is alleged against FHTM, the government easily can conclude that a pyramid is operating.

<Snip>


Conclusion



It is no secret that the MLM industry is in the crosshairs of state attorneys general and the Federal Trade Commission. The scrutiny is not personal–its business. FHTM is not the first, and will not be the last, company to undergo investigation, litigation and perhaps liquidation. There will be more to come. These regulators are sworn to uphold the public interest. When consumers are harmed by business practices bordering on unfairness and exploitation, these agencies will move in swiftly. Smart MLM companies will do everything they can to insulate themselves from the factual conditions that gave rise to the actions against FHTM.



A few of the basic rules apply. Compensation has to be based on the sale of goods, products or services, not on recruitment. While team building is essential to success in MLM, the primary focus of every company must be on moving products. When that message permeates a company's presentation and information, and is evident on its website and corporate materials, the company should be able to pass any regulatory or legal muster.



At the end of the day, the fate of FHTM appears to be sealed. It will never exist in the same form or fashion as it did before January 28. The executives appear to be destined to dole out large sums of money in a consent decree settlement, perhaps with a stipulation that it cease and desist from operating.



Other companies should learn from FHTM's mis-steps and take the time to assess their practices, make adjustments where necessary, and get to know the regulators and policymakers who might be able to make a difference.

[Link]

This will be an interesting court case to follow, if the government is correct (even if only substantially so) in it's claims that close to 95% of FHTM's reps made little or no money while 1 to 3% were paid handsomely there is hope, no matter how thin that some of the dreaded "gray area" in MLM might have some harsh glare applied to it. There is enough money flowing through "legitimate" MLM to pay for lobbyists and buy the odd politician to hinder or stall legislative efforts to draw hard and clear lines between what is or isn't legal. Trade associations like the DSA (who to their credit, did not grant membership to FHTM) should be on the front line of an effort to establish clear guidelines but instead seem content to play politics as usual when they should start thinking about the tens of thousands of victims one mid sized company like FHTM created and the potential backlash it might generate. The DSA and related groups should start to consider that if they can not or will not clean up the industry they advocate for, it will get cleaned up for them and perhaps not to their own liking.


Moderator Warning: Mr. Isaacs, this thread is not and will not be about you. You were one of quite literally thousands of people who warned against FHTM and you have our thanks for having done so. That being said I am content in stating that your version of your story is frequently and demonstrably at odds with what can be proven of the facts, anyone with enough curiosity can verify this for themselves. If you wish to post updates about the current FTC vs. FHTM case feel free but you will not use this forum to serialize your "Joe vs. the FHTM Volcano" story. You have your own websites for that.

Warning to the moderator about mr. Isaacs: This thread has always been about the fhtm pyramid scheme. You need to get your facts right regarding the cases between him and fhtm. Wserra is out of his mind in his analysis. Read the files and then re-comment please. His version of the truth has always been the truth in spite of what others may opinionize. The proven facts never seem to make it here. The fact that the case was dropped in a settlement agreement never came to light as it should have.

Good luck to the ftc in prosecuting this prolific pyramid that had a compensation planned that was intentionally rigged so that a handful of select individuals made millions at the expense of most of the victims.

Originally Posted by glimdropper

[link]

this will be an interesting court case to follow, if the government is correct (even if only substantially so) in it's claims that close to 95% of fhtm's reps made little or no money while 1 to 3% were paid handsomely there is hope, no matter how thin that some of the dreaded "gray area" in mlm might have some harsh glare applied to it. There is enough money flowing through "legitimate" mlm to pay for lobbyists and buy the odd politician to hinder or stall legislative efforts to draw hard and clear lines between what is or isn't legal. Trade associations like the dsa (who to their credit, did not grant membership to fhtm) should be on the front line of an effort to establish clear guidelines but instead seem content to play politics as usual when they should start thinking about the tens of thousands of victims one mid sized company like fhtm created and the potential backlash it might generate. The dsa and related groups should start to consider that if they can not or will not clean up the industry they advocate for, it will get cleaned up for them and perhaps not to their own liking.


moderator warning: Mr. Isaacs, this thread is not and will not be about you. You were one of quite literally thousands of people who warned against fhtm and you have our thanks for having done so. That being said i am content in stating that your version of your story is frequently and demonstrably at odds with what can be proven of the facts, anyone with enough curiosity can verify this for themselves. If you wish to post updates about the current ftc vs. Fhtm case feel free but you will not use this forum to serialize your "joe vs. The fhtm volcano" story. You have your own websites for that.

Originally Posted by fhtmclassaction

You need to get your facts right regarding the cases between him and fhtm.

Documents or links to documents or it never happened.

Originally Posted by littleroundman

Documents or links to documents or it never happened.

Here are just a few. Now eat crow
http://www.joseph-isaacs.com/Fortune...ed%20order.pdf
http://www.joseph-isaacs.com/ECF%20U...%20DIsmiss.pdf
http://www.joseph-isaacs.com/FHTM_Is...ment_Agreement

No crows need be harmed on Mr. Isaacs behalf.

When reading this link I want to make a few things clear. First, it isn't a court case it's from an arbitration process, one in which FHTM doesn't believe Joe is fulfilling his end of the agreement. Second, FHTM has earned every lawsuit filed against it, my fondest and most sincere hope is that they will face a fair and full hearing on all the issues they are accused of and that justice will be served. I also want Joe Issacs to stop using this forum to spread his lies. Of the two the latter is the one I can do something about.

I'm not going to spend much time on this, it really isn't worth the effort but I will make a few small points. I understand Joe's behavior a little better after reading what he, in violation of the terms of his arbitration agreement, has made available on his website. The link above is an example, the way he refuses to admit he's Joesph Isaacs is another. None of that really bothers me but what does is the narcissistic way he paints his struggle with FHTM and the way he tries to bend facts to make himself look like a victim of anything other than his own disfunction. To hear Joe say it his "FortuneSocial" website was a social marketing tool that any MLM company could use and he is being persecuted by FHTM only because he used the word "Fortune." That isn't what they say about it.

Here's an Archive dot org copy of a press release Joe published in February of 2010. Please note that back then he described FortuneSocial as:

Fortune Social created the world's first private social network exclusively for a network marketing company

"A" network marketing company, not "any" network marketing company. Also, look at the logo he uses, he Photoshoped the word "Social" on top of one of FHTM's logos and to round things out he presented himself as having a trademark on a service he called "FHTM Webconnect®." The use of the word "Fortune" was the least of their complaints and Joe knows it but it's harder to make himself look like a heroic victim if he doesn't lie about himself.

Please understand I don't think FHTM is innocent, ethical or legitimate but to assume that Mr. Isaacs is any of those things simply because he's apposed to them is a false dichotomy. They weren't interested in purchasing Joe's websites and marketing "tools" and if Joe would have simply rebranded them removing any similarities to FHTM's trademarks Joe likely could have found out if any other MLM would be interested in his technology (I doubt it). He could have sparred himself years in protracted and expensive litigation and arbitration but some mixture of narcissism and masochism prevents Joe from separating himself from a company he hates and which was fully capable of getting it's self shut down without any help what so ever from Mr. Isaacs.

Well, that's more time than the mans worth but I did wish to document that Joe is, at a minimum lying about the basic facts of his conflict. He is also spewing his lies on any web forum that will give him an audience. For the record, this will soon no longer be one of them. Mr. Isaacs can not separate his own narrative from the FTC action against FHTM so I will do it for him, in so far as this forum is concerned. Joe, you have one more post if you like, to have your final say and then we will be done with you. You have achieved the nearly impossible feat of making me feel sorry for FHTM so I am looking forward to the time that you are nothing but a shrinking dot in the rear view mirror of this discussion.

Originally Posted by glimdropper

no crows need be harmed on mr. Isaacs behalf.

When reading this link i want to make a few things clear. First, it isn't a court case it's from an arbitration process, one in which fhtm doesn't believe joe is fulfilling his end of the agreement. Second, fhtm has earned every lawsuit filed against it, my fondest and most sincere hope is that they will face a fair and full hearing on all the issues they are accused of and that justice will be served. I also want joe issacs to stop using this forum to spread his lies. Of the two the latter is the one i can do something about.

I'm not going to spend much time on this, it really isn't worth the effort but i will make a few small points. I understand joe's behavior a little better after reading what he, in violation of the terms of his arbitration agreement, has made available on his website. The link above is an example, the way he refuses to admit he's joesph isaacs is another. None of that really bothers me but what does is the narcissistic way he paints his struggle with fhtm and the way he tries to bend facts to make himself look like a victim of anything other than his own disfunction. To hear joe say it his "fortunesocial" website was a social marketing tool that any mlm company could use and he is being persecuted by fhtm only because he used the word "fortune." that isn't what they say about it.

Here's an archive dot org copy of a press release joe published in february of 2010. Please note that back then he described fortunesocial as:



"a" network marketing company, not "any" network marketing company. Also, look at the logo he uses, he photoshoped the word "social" on top of one of fhtm's logos and to round things out he presented himself as having a trademark on a service he called "fhtm webconnect®." the use of the word "fortune" was the least of their complaints and joe knows it but it's harder to make himself look like a heroic victim if he doesn't lie about himself.

Please understand i don't think fhtm is innocent, ethical or legitimate but to assume that mr. Isaacs is any of those things simply because he's apposed to them is a false dichotomy. They weren't interested in purchasing joe's websites and marketing "tools" and if joe would have simply rebranded them removing any similarities to fhtm's trademarks joe likely could have found out if any other mlm would be interested in his technology (i doubt it). He could have sparred himself years in protracted and expensive litigation and arbitration but some mixture of narcissism and masochism prevents joe from separating himself from a company he hates and which was fully capable of getting it's self shut down without any help what so ever from mr. Isaacs.

Well, that's more time than the mans worth but i did wish to document that joe is, at a minimum lying about the basic facts of his conflict. He is also spewing his lies on any web forum that will give him an audience. For the record, this will soon no longer be one of them. Mr. Isaacs can not separate his own narrative from the ftc action against fhtm so i will do it for him, in so far as this forum is concerned. Joe, you have one more post if you like, to have your final say and then we will be done with you. You have achieved the nearly impossible feat of making me feel sorry for fhtm so i am looking forward to the time that you are nothing but a shrinking dot in the rear view mirror of this discussion.

bravo!!

applaud.gif

fake 'press releases' = always funny.

WHAT A BUNCH OF RADIAL ******* MORONS....NO CLUE WHATSOEVER. GO **** YOURSELF - ALL OF YOU.


applaud.gif[/QUOTE]

Stay classy Joe. I gave you a final post to have your say and that's the best you came up with? Good Bye.


[And thanks Jenny]


Moving on with the topic at hand Adonis Hoffman, the gentleman who wrote the article I quoted in post #57 of this thread elaborated on his thoughts in a post over on Ted Nuyten's Business from Home site. It's worth a read:

Adonis Hoffman February 12, 2013 at 10:05 pm My apologies for mis-stating the name of FHTM's CEO in the original article The FTC laid out a detailed series of charges against FHTM. In simple terms, the FTC complaint alleges that FHTM violated Section 5 of the FTC Act, which prohibits "unfair and deceptive acts or practices affecting commerce." The alleged deception relates to FHTM's repeated income claims with respect to how much money representatives were earning through the FHTM business. The FTC alleged that FHTM repeatedly and consistently made false claims as to how much income reps could make, when FHTM knew that the compensation plan, by design, would not allow those reps to achieve the levels of income FHTM claimed. The FTC based this allegation on an in-depth review of the plan, and an investigation of the actual earnings of reps who made false claims of more earnings, repeatedly and publicly. This allegation will be litigated on the facts, meaning that FHTM will have to refute what the government alleges. The second major claim against FHTM by the FTC is that FHTM ran an illegal pyramid scheme, which has been well defined in federal law, and upheld throughout numerous cases in federal courts. In essence, a pyramid scheme is one in which the compensation is richer for recruiting representatives than for selling the retail products. Again, the determination of this will turn on the facts of this case, where FHTM must refute the FTC's claim that it paid more for recruits, such as bonuses, than it did for the sale of the various products. Finally, one other issue going to unfairness and deception is the allegation that FHTM marketed products and services, claiming that it was a preferred affiliate of those companies, when it was, allegedly, only a third-party distributor with no special relationship. The complaint alleges that many of the products and services marketed by FHTM could be obtained in the market directly for less money. Again, this was alleged to be misleading. When taken together, these three big allegations were sufficient to bring the case. The reason for the temporary restraining order and immediate freeze on company and personal assets, according to court pleadings, is that the government wanted to avoid the possibility of assets being transferred out of the country. Thus, there was no advance notice given to the defendants of a pending seizure, for fear of flight or destruction of documents and evidence. All of this information can be ascertained by a close reading of the FTC's pleadings, which are conveniently located on the FHTM website, which is now under the control of a temporary receiver, Robb Evans and Associates, who was appointed by the U.S. District Court. Robb Evans & Robb Evans & Associates - Temporary Receiver of Fortune Hi-Tech Marketing, Inc., et al. Again, in my view, this case sets forth a real-life example of the need for MLM companies to train their reps and leadership correctly about the legal and regulatory rules governing the industry. It is not acceptable to play fast and loose with exaggerated income claims or even indirect, implicit claims that your opportunity will lead to wealth and riches. It is not acceptable in videos, on websites, or in presentations or opportunity meetings. In the FHTM, the FTC used undercover investigators who posed as prospects. They were told repeatedly that several named individuals were earning "millions" in FHTM, when that, allegedly, was not the case. In my view, the better approach is to under-promise and over-deliver the income results from your opportunity. MLM companies must be more diligent in training their reps on key phrases and terms that will insulate them from prosecution, and they must diligently monitor how reps are marketing the opportunity itself. That will keep your company on the right side of the law, and out of the headlines. I hope this overview is helpful to the MLM community in understanding what has happened thus far with FHTM, and helpful in knowing what to do in the future. Adonis Hoffman, Esq. Attorney & Counselor at Law, Washington, DC.

Kasey Chang, a friend of this site wrote an interesting piece on his MLM Skeptic Blog:

Friday, February 15, 2013

Did DSA "throw FHTM under the bus", so to speak?

DSA (US) Logo (Photo credit: Wikipedia)

Direct Selling Association, or DSA, is the industry lobby group for direct sellers / network marketing / multi-level marketing. The day after the Federal Trade Commission shut down FHTM, DSA put out a press release, revealing quite a few interesting facts:

• FHTM is NOT a member of DSA (supposedly they applied for 3 years, denied 3 years, and decided not to try again in 2011)
• DSA knew something's wrong with FHTM which is why they never were admitted. There were several requests for changes from the DSA, but FHTM never did them.

Some industry members were not happy. Kevin Thompson, of Thompson and Burton, i.e. "The MLM Attorney", essentially concluded that because FHTM is not a part of DSA, DSA basically "rolled them under the bus".


The question that needs to be answered are:

• Is DSA only answerable to its members?
• Should DSA be speaking out against scams BEFORE they become popular?

[Link to the rest of the article.]


Kasey did an excellent job of framing an issue, the Direct Selling Association (DSA) can pat themselves on the back all they like for never having granted membership to FHTM and industry advocates like Kevin Thompson can complain all he likes about the FTC shutting down a long-standing business without a judicial hearing but they both see the problem. It's the same problem we all see but can't perfectly define, it's the "gray area."

I would love to see very clear and direct rules which state clearly what percentage of retail customers who have no expectation of compensation are required for a marketing plan to be deemed legal. But for as much as the MLM community writ large complain about the FTC not being 100% consistent in what and how it enforces, they've been somewhere between apathetic to outright hostile to efforts to clearly draw those lines. When Zeek Rewards wallows like a rutting pig in the gray area they help maintain the Kevin Thompson's of the world (belatedly) get angry about it and I wish to be fair here in saying I don't know what Mr. Thompson has been doing behind the scenes to help eliminate the gray, but we know some of the things his firm has been doing publicly. Thompson Burton is a legal firm with a fiduciary responsibility to it's clients. It, like the DSA owes no responsibility at all to the public at large and apparently little to none to the 90+% of FHTM IRs who lost money chasing the MLM dream.

Guess what, when the industry as a whole refuses to regulate it's self it severely undermines it's right to complain about how it ends up getting regulated. It isn't enough that the DSA refused to grant FHTM membership, the DSA should not have waited until the day AFTER the FTC stepped in to distance themselves from it.

The reality of the MLM experience for millions of people:



First report of the Temporary receiver appointed to FHTM

Report: Ky. leaders of alleged pyramid scheme made nearly $40 million


Published: February 27, 2013


By Linda B. Blackford — lblackford@herald-leader.com



The top two executives at Fortune Hi-Tech Marketing made nearly $40 million in recent years, even as 98 percent of the Lexington-based company's independent representatives made less than $1,000 in annual commissions, according to a court-ordered report.


<Snip>

Fortune Hi-Tech and one of its affiliates, Alan Clark Holdings, took in $252 million in revenue from 2009 to 2012, according to the report. Since 2007, founder Paul Orberson received $21.2 million in salary and dividends, while CEO Thomas Mills made $18.1 million.

"Other shareholders, many of whom appear to be family members of either Mr. Orberson or Mr. Mills, received approximately $9.5 million in dividends and salary," the report says, although the names of the six other shareholders were redacted.


Most Fortune Hi-Tech independent representatives did not fare so well in that four-year span. About 98 percent of them received less than $1,000 in commissions a year, while 74 percent received less than $10 a year, according to the report.


"More than 88 percent of the representatives did not earn more than the enrollment fees to recoup their initial investments," the report said.

[Link to the Kentucky dot com article]

Once again, if the DSA and other MLM trade organizations can not find a way to better regulate themselves they diminish their right to complain about how they will end up being regulated.

(And props to Lambkin over at the Q for finding the story.)

Originally Posted by bankalchemist

as with any opportunity if its to good to be true then it must be. my understanding is this organization was a mass reseller of middle of the road everyday items. obviously their infrastructure was not ready for the success which fell upon them rapidly. I came to know of this group when updating myself on a real schiester who had stolen our firms identity for his use several years ago. (website) so he could sell his expertise by using our identity and materials. Joseph Issacs of the Tampa Bay area. It appeared he aligned himself with this group and then lifted their website the same way so what was their rightful business he was loading as his own. When they sued him he screamed scam and opened up pandora's box to confuse the real issue which was his crime of business theft from the beginning. Issacs has been involved in the Russian Bride import business, married one and beat her, both banks he claims to have started released him and paid him to go away. So if you come across Issacs run the other way.

UPDATE: JOSEPH ISAACS...he did get his 15 mins out of all of this. He is publishing an online book about his escapades and I have read where Dennis Rodman may audition to play Issacs character. Issacs is back to the MLM playbook with F WAD BUTT out of Chicago of Zeus Capital Advisers regarding Bank Formation. He has had significant press during these troublesome times (of which he brought upon himself) but has according to post on the internet written some books and is not selling without registration real estate rehabs in Florida.

Very well stated...Isaacs was not replying as he would not accept service by hiding in the bushes at his beach dump house or refusing to even answer the door. Now he is trying to sell his Tell All I was the Victim narrative.

Now now Joseph your mom would not want you using language like this....everyone knows that fhtmclassaction is one of your aliases. Now they can read the full story in your Tell All "I Was The Victim" SKAPEGOAT. This riveting expose has received 5 porcelain throne awards since its release recently. Its rumored that Denis Rodman may play the movie role of Joseph Isaacs if it goes to film.

"dont think so"

Originally Posted by whip

hate to say, had to be taken down = lost. Otherwise they would still be up. No 2 ways about it.

Isaacs has never used the alias FHTMCLASSACTION. Bankalchemist has spent way to much time in bed with the FHTM illegal attorneys.

I am so glad you have enjoyed the book about the truth behind FHTM and the huge scam they ran.

Isaacs' personal courage and determination finally prevailed. Several states and the federal government have now concurred with his earliest claims that the company is an illegal pyramid scheme and should be shut down. It is even possible some FHTM executives could go to jail. Sadly, the government allowed the fraud to run for more than 10 years and to swindle more than 500,000 households of hundreds of millions of dollars before it decisively acted.

For those who have grasped the facts about MLM schemes yet are still seeking irrefutable evidence, this book should be read. For those who are investigating MLM and may still believe it might offer a viable income opportunity, this book will save them incalculable time and money.

But, in my personal view, the people, above all others, who should read it are government regulators and politicians. When they hear of complaints or arguments about MLM fraud, yet they are still swayed by company claims of honesty and economic opportunity, this book will open their eyes to the truth of the consumer complaints. If they already suspect MLM is a scam, yet perhaps not so serious to warrant a major investigation, the book will show the extent of damage that such a fraud is doing to the American public. In "Skapegoat", Joe Isaacs is all of us.

Originally Posted by bankalchemist

Now now Joseph your mom would not want you using language like this....everyone knows that fhtmclassaction is one of your aliases. Now they can read the full story in your Tell All "I Was The Victim" SKAPEGOAT. This riveting expose has received 5 porcelain throne awards since its release recently. Its rumored that Denis Rodman may play the movie role of Joseph Isaacs if it goes to film.

Bankalchemist wins the award for being one the most stupid dumb fucks on planet earth. NO CLUE about anything he speaks about.

Originally Posted by bankalchemist

UPDATE: JOSEPH ISAACS...he did get his 15 mins out of all of this. He is publishing an online book about his escapades and I have read where Dennis Rodman may audition to play Issacs character. Issacs is back to the MLM playbook with F WAD BUTT out of Chicago of Zeus Capital Advisers regarding Bank Formation. He has had significant press during these troublesome times (of which he brought upon himself) but has according to post on the internet written some books and is not selling without registration real estate rehabs in Florida.

Originally Posted by Skapegoat

Isaacs' personal courage and determination finally prevailed.

And he became but one of several hundred people who posted about and reported Fortune High-Tech Marketing for the fraud that it was.

Unfortunately for Mr Isaacs, history will record before turning "whistleblower" he first attempted to profit from his involvement with FHTM and failed dismally to do so, thus tarnishing any reputation he may have gained for his later exploits.