AdvoCare, former CEO to pay $150 million in FTC settlement
A Texas-based multi-level marketing company, its former chief executive officer and top promoters agreed to pay $150 million and permanently end multi-level marketing to settle charges in a Federal Trade Commission settlement.
Alleged pyramid scheme business AdvoCare settled with the FTC for $150 million. (Photo: Contributed graphic)
Court papers filed Wednesday, Oct. 2, in the Eastern District of Texas federal court charges that AdvoCare International, L.P., its CEO Brian Connolly and four defendants operated an illegal pyramid scheme that deceived customers into thinking they would earn significant income as distributors of health and wellness products.
Two top promoters Carlton and Lisa Hardman have settled charges for their part in the pyramid scheme and a $4 million judgment against them will be suspended when they surrender substantial assets.
The couple is charged with unlawfully promoting they pyramid scheme, making false claims about their earnings as AdvoCare distributors and providing others the means to do the same.
Read more: https://www.timesrecordnews.com/story/news/crime/2019/10/02/advocare-pay-150-million-ftc-settlement/3842665002/
(Wichita Falls Times Record News)
