Revenue Retailer Owner Found Guilty On Fraud Prices

100 million via his website development business, The Earnings Retailer, which federal prosecutors alleged was a Ponzi scheme. The jury verdict followed a seven-day criminal trial in Chicago federal courtroom. A separate civil complaint filed by the Securities and Trade Commission against Courtright and The Income Store is ongoing. The scheme started in January 2017, with The Income Store advertising and marketing its website investment offering by means of radio and on-line advertisements, in line with the criminal complaint. A hundred,000 or extra in upfront charges for purchasing, developing and operating an assortment of commercial websites, with assured annual returns of 13% to 20% in a income-sharing settlement. 9 million in promoting and product sales income by means of October 2019 — far lower than The Earnings Store paid to investors over the same time, in line with the federal complaints.

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