FTC sends refunds to people who lost money in pyramid scheme
The FTC is mailing a second round of checks to people who lost money to Fortune Hi-Tech Marketing (FHTM). The FTC and the states of Illinois, Kentucky and North Carolina charged FHTM with making deceptive claims about how much people could earn by selling various products and services as FHTM representatives. The company agreed to settle the lawsuit and paid money to provide partial refunds.
The first round of checks was mailed in November of 2016. Because money still remains in the fund, the FTC is mailing an additional 137,597 checks totaling $1,853,431.59.
Recipients should deposit or cash checks within 60 days.
The FTC never requires people to pay money or provide account information to cash refund checks.
If you have questions about the case, please call the refund administrator at 1-800-964-0978.