Burnlounge Names New CEO

Burnlounge, who last week was accused by the Federal Trade Commission of running a pyramid scheme, announced today that it has accepted the resignation of Alex Arnold as CEO and from its Board of Directors. At the same time the company announced the appointment of Grant D. Johnson as CEO. 

Johnson is a current board member and investor and owns the legendary Tomato Records. In his new role at BurnLounge, Johnson is "tasked with helping the company chart its next phase of growth and build investment"...that's if it can survive scrutiny from the FTC and courts...