Federal Trade Commission Calls Burnlounge A Pyramid Scheme
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.
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Loudersoft Told You So: Federal Trade Commission Files Lawsuit Against BurnLounge Investors, Alleges Fraud
Youll remember not long ago when I threw the book at the scam called BurnLounge, giving a list of concrete reasons as to why it was widely considered to be a humongous pyramid scheme that abused the concept of promoting and selling music by name…
Just wanted to say, please get off it!