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| UPDATED: 2007-06-11 |
 FTC Calls Burnlounge Pyramid Scheme 
By: Bruce Houghton 2007-06-11 The Federal Trade Commission filed suit last week alleging that Burnlounge is a pyramid scheme and that some ... ... of its largest retailers have misrepresented the income investors made with the company. One had claimed that by last summer he had made almost $300,000. 
Burnlounge sells downloads via custom stores set up by individuals who buy in and profit from a multi-level marketing style arrangement. For now at least, Burnlounge's download stores remain open and pacts with high profile partners like Live Nation remain intact. Comments View All Articles by Bruce Houghton About the Author: Bruce Houghton is a 25 year music industry veteran who owns booking agency Skyline Music and the tour marketing company Skyline Innovations. http://www.hypebot.com |
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