I’ve been following responses to a post I made on another web site.
This one caught my eye.
By Alex in Business Scams
“The FBI and the Justice Department are actually quite smart. The Federal Court’s ruling in favor of the FTC against Burnlounge, Arnold, Taylor and DeBoer (“ATD,” aka the “Three Stooges”)now sets up a strong case where the Justice Department will be able to charge Arnold, Taylor and DeBoer with conspiracy, mail fraud, violations of interstate banking laws, and RICO violations. Instead of settling with the FTC earlier and waiting for Judge Wu to decide on the case, the Three Stooges have set themselves up perfectly for an easy prosecutorial conviction.
The $16 million+ is only the beginning of Alex Arnold’s legal troubles. He now faces the probability of Federal criminal charges which will not only further bankrupt him (legal fees), but similar to how death is inevitable with terminal cancer, Alex Arnold would be sure to be convicted and have to spend time in prison.
As he tries to cover his financial tracks with this CieAura scam, it will only make his situation worse. By trying to hide his involvement, he leaves himself open to forensic accounting experts who will unravel his deceptive financial involvement.
Sadly, it was obvious from the get-go that Burnlounge was not a legitimate business opportunity, and once the FTC got wind of it, Arnold and his cronies should have immediately admitted wrong-doing, shut the thing down, paid restitution. He would have probably had been slapped with a heavy fine and some period of time where he was restricted from engaging in the mlm industry. Now, it will only be a matter of time before Federal indictments will be coming down.
Judge Wu’s verdict also puts all mlm companies on notice. The whole concept of retailing will now have to be clearly defined (which is good) and more companies will now be scrutinized by FTC.”