Revenue Retailer Owner Discovered Responsible On Fraud Expenses
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100 million by way of his website development business, The Earnings Store, which federal prosecutors alleged was a Ponzi scheme. The jury verdict adopted a seven-day criminal trial in Chicago federal court. A separate civil complaint filed by the Securities and Exchange Commission against Courtright and The Earnings Store is ongoing. The scheme started in January 2017, with The Revenue Retailer marketing its webpage funding offering by way of radio and online adverts, in keeping with the criminal complaint. One hundred,000 or more in upfront charges for purchasing, developing and working an assortment of business websites, with assured annual returns of thirteen% to 20% in a income-sharing agreement. 9 million in promoting and product sales revenue by means of October 2019 — far lower than The Income Store paid to investors over the identical time, in line with the federal complaints.
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