Fortune Hi Tech Marketing is in the long downward death-spin as they face legal battles in court of being a illegal pyramid scheme. Recently, the FTC has told around 100,000 representatives that were marketing Fortune Hi Tech’s products to cease and desist all promotions of the product or opportunity.
Even though Paul Oberson claims that Fortune Hi Tech sells products that people use every day, the real priority with the company was recruiting wholeheartedly. Authorities are now estimating that distributors lost around $1,500 a year on fees and required purchases they had to make in order to stay active.
Fortune Hi Tech was also attacked for their questionable payment structure and compensation offered to representatives.
“No matter how hard you work or would work, there’s little chance you could break even,” said FTC Midwest Director Steve Baker. “In fact, when people were doing their best, the plan is set up so that 96 percent of people must lose money to keep this whole enterprise functioning. Fortune knows that and has set this company up to produce those results.”
This is another example of network marketing taking a hit due to someone else’s greed. Fortune Hi Tech never really had a business model planned for acquiring customers, only for duping people into a false opportunity.
Sadly, the industry must pay the piper now as the DSA and other large organizations launch transparency campaigns showing network marketing as a legitimate business where REAL products and services are actually sold.
Kentucky authorities say that Fortune Hi Tech’s President Paul Obserson, Vice President Thomas Mills and others in the higher echelons could face felony charges for violating Kentucky’s consumer protection laws.
