September 21, 2014 1:17 PM ET

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Company Overview of Fortune Hi-Tech Marketing, Inc.

Company Overview

Fortune Hi-Tech Marketing, Inc. operates as a network marketing company. It provides an opportunity for promoting products and services in the areas of entertainment, health and beauty, and communication. The company was founded in 2001 and is based in Lexington, Kentucky.

880 Corporate Drive

Suites 200 and 300

Lexington, KY 40503

United States

Founded in 2001

Phone:

859-422-7000

Fax:

859-422-7024

Key Executives for Fortune Hi-Tech Marketing, Inc.

Fortune Hi-Tech Marketing, Inc. does not have any Key Executives recorded.

Fortune Hi-Tech Marketing, Inc. Key Developments

U.S. Federal Trade Commission and Attorneys General from Kentucky and North Carolina Announces Legal Action Against Fortune Hi-Tech Marketing, Inc

Joining the U.S. Federal Trade Commission (FTC) and Attorneys General from Kentucky and North Carolina, Attorney General Lisa Madigan announced legal action against Fortune Hi-Tech Marketing, Inc., an alleged global pyramid scheme operating since 2001 from its corporate headquarters in Lexington, Ky. The headquarters and a warehouse in Danville, Ky., were seized and secured by investigators. A receiver appointed by the U.S. District Court for the Northern District of Illinois now has possession of its assets. The joint federal and state lawsuit alleges that consumers paid a $249 fee to join the company. Members sold satellite television service, home security systems, beauty products and other consumer goods and services. In promotional materials and at recruitment events, consumers allegedly were told they could 'get rich' if they sold its affiliated products. But unlike legitimate multi-level marketing programs, FHTM distributors had no incentive to sell products. For example, according to the lawsuit, the company distributors only received pennies in commission for selling multi-year service contracts but received substantial payments for every new company member they signed up. Its promotional presentations and materials focused almost entirely on recruiting new members rather than selling products.

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