0000004799 00000 n "The Role of Small Business in Franchising, Hearings Before the Subcommittee on Minority Small Business. The IRS, which had a $15 million claim, has been awarded a judgment of $9.275 million, but appraisals put the value of the Turner property at $1 million to $2 million. "If anyone was hurt in our program, I am extremely sorry. 0000023769 00000 n [28] The Mind Dynamics course was described as providing "a means of achieving personal success through the conscious use of the subconscious mind". The House was supposed to grow with population. Investment of $5,000. [3], The company was termed as part of the "big three" scams, in a 1974 United States Senate hearing before the Consumers of the Committee on Commerce that dealt with pyramid sales. Thus one gets sentences such as Meanwhile, in a downtown Frankfurt prison, thirtyeightyearold Turner astounded a U.S. State Department official who visited his cell to explain that the British had requested his arrest on possible charges of fraud in England. Fine time to find out Turner's age. The promised El Dorado, however, was reserved for those who put up the requisite amount for becoming distributors; this gave them the right to sell distributorships to others, retaining a healthy percentage of the fee. Turner himself offers one cautionary tale. Charges were then dropped against Bailey. In the Arizona case, Turner represented himself -- a stark change from the days in the early '70s when renowned defense attorney F. Lee Bailey represented him in his Koscot dealings. 0000023769 00000 n But it draws on older strains in American life, marrying psychological concepts on how to change human behavior with the positive-thinking self-help culture that might as well be Americas unofficial state religion. Civ. We dont trust the government, media or big business. . Lawyers for Turner and Rector asked Dougherty to let their clients remain free while they appealed their convictions. "[23] One of the Holiday Magic Inc. cases was also cited by The University of Chicago Law Review[24] and the Columbia Law Review. Koscot Interplanetary was a company from Orlando, Florida, selling mink oil-based cosmetics and was started by Glenn W. Turner in 1967. : A Case Study of Pyramid Sales Plan Regulation", "Glenn Turner, Empire Toppled, Trying Again to Sell Motivation", "Glenn Turner -- Out Of Luck; Fraud Sentencing May Be His Day Of Reckoning", "Koscot Cosmetics Accused Of Illegal Business Actions", "Koscot and Turner Cited in Complaint Filed by the S.E.C. ", United States Congress. Turner, who was pale and appeared tired, and Rector, his former bodyguard, had no visible reaction to the sentences. 0000001791 00000 n The premise of Koscot was that participants could sell cosmetics door-to-door or at parties. Mailman and Beekman, who pleaded guilty to one count each of violating pyramid laws, will be sentenced next month. What happened? [28], Ben Gay, a high-level instructor at Leadership Dynamics, was President of Holiday Magic in the United States. %PDF-1.7 % A technicality of the law is what got me.[1], Turner passed away in his home in Lake Mary, Florida, on 8 January 2020[13] with a much lower profile than during the peak of his success.[14]. 0000003563 00000 n 0000007782 00000 n Referring to Charles Ponzi, who earlier this century put together a huge investment swindle that still bears his name, Lotstein said, "I imagine there are still people that feel that Mr. Ponzi was doing good for the world. https://www.nytimes.com/1977/02/20/archives/dare-to-be-great-a-sincere-con-man.html. 0000001036 00000 n "All you have to do is believe it."[7]. By Rudy Maxa. I didn't take it seriously because I was running for . )[6] 748 - IN THE MATTER OF HOLIDAY MAGIC, INC., ET AL. I have often wondered if Amway distributors borrowed this terminology from Turners group, or was it Turner who confiscated these words and phrases from some Amway distributors? Kerns wrote. Marjoe knew, Clifford Irving knew, but Mr. Maxa, who doesn't seem to be just anybody's fool, honestly believes that Turner honestly believed that he was honest. "They have for years.". Rector said the men -- Douglas Beekman of Apopka and Richard Mailman of Altamonte Springs -- never voiced such a concern to him. When a federal judge lumped together 1,000 of those lawsuits into a single class-action suit seeking nearly $1 billion, Turner went bankrupt. . 11106 (1975). 0000010114 00000 n "And so can you," they would tell the crowd. By the spring of 1969, Turner was living in a large home on Lake Maitland near Orlando Florida, and "had eight Cadillacs and a Rolls-Royce, three Learjets and a closetful of tailor-made suits and alligator shoes". Although Turner was never convicted of a criminal charge, he received probation in a mailfraud case after arranging with the prosecution to plead no contest to a lesser charge. See the article in its original context from. Psychiatrist Alfred Adler, writing in the early 20th century, argued people could change habits by embracing an act as if strategy: assume a behavior and, eventually, it will become real. His sales rallies became legend. Corbins office won a civil case against Turner over Challenge in 1983, ordering him to pay $1.5 million in restitution and $1 million in penalties. These levels (as in "multi-level marketing") could make money by getting commissions from recruiting other participants to work as salespeople, supervisors or directors, and getting commissions on orders of cosmetics from other lower level recruited participants. Turner, 53, created a $300 million empire in the 1970s by selling distributorships in his Dare to be Great and Koscot International companies. . The castle and boathouse have been vacant for several years, and the castle has been used only for tours by the public for charitable events. He then started two multi-level marketing companies, Koscot Interplanetary, selling cosmetics, and Dare to Be Great, selling motivational and self-improvement courses. Turner ran in the Democratic primary for the United States Senate election in Florida, 1974, but lost. 0000006933 00000 n Turner, 53, created a $300 million empire in the 1970s by selling distributorships in his Dare to be Great and Koscot International companies. 748 as an example of pyramid schemes. In 1975, Turner pleaded guilty to a single charge of violating securities laws and was given probation. We found 28 records for Glenn Turner in Houston, Royse City and 15 other cities in Texas. Donate The government says Turner owes tens of millions of dollars in taxes and judgments, which have hopelessly tangled the ownership of his partially completed castle on a lake in south Seminole County. Occasionally the digitization process introduces transcription errors or other problems; we are continuing to work to improve these archived versions. 0000008799 00000 n Senate. "They conspired to get Mr. Turner," said another woman. Two years later he founded Dare to be Great, a motivational program similar to the later Challenge. Maricopa County Superior Court Judge. <> Z t{Hd)a^lEHuw-GB9Y/S5zcWC8,)X9W^kjx,:h*#H_TNG^Od i~l={'Zg^-0z V|0P%* &C?UG b^>'V/~`C\a(bG Glenn W. Turner, 53, was sentenced along with Edward G. Rechtor by Superior Court Judge Bernard J. Dougherty, who said he had received scores of letters on behalf of the two Goldenrod, Fla., men. 271 0 obj (unrelated to Holiday Magic). Annotated bibliography on chain letters and pyramid schemes. Turner was a former sewing machine salesman and son of a South Carolina sharecropper and an unwed mother, born with a cleft palate and a hair lip, who dropped out in the eighth grade, did a short stint in the U.S. Air Force before successfully finishing a school for those who had dropped out of high school. the Glenn Turner modification is a good one. House Committee on Small Business, 1991. TimesMachine is an exclusive benefit for home delivery and digital subscribers. 0000004119 00000 n Jurors found them innocent of 27 counts of securities violations involving Challenge Inc., a motivational company. [5], The State of California filed suit against Holiday Magic in December, 1972. House Permanent Select Committee on Small Business., 1973, P. 127, 137, 157, 203. Prosecutors said Challenge officials misled investors by telling them they would not have to put up their own money. One of them was Bob Hattaway, a former state legislator from Altamonte Springs who came to Arizona to testify for Turner. Turner, 57, served nearly two-thirds of a seven-year term in Arizona for fleecing investors in a scheme for distributing motivational tapes. In 1964, after a bankruptcy and several business failures, Patrick (age 33) was walking by a garage in San Rafael, California, and noted that fruit-scented cosmetics were being sold. [30] In popular culture [ edit] And as Turner understood, making lots of money will get you almost anything, including an invitation to lecture at the Harvard Business School. vlyiJ)pd*n\[PN>8Yl^1cyO"`CC\=bu3hB Stewart was behind the societal curve. Glenn W. Turner, who was frequently described himself as a harelipped sharecropper's son (leaving some doubt as to which of them was afflicted), built an ephemeral fortune on a pyramid selling scheme in the late 1960's and early 70's. Oaks pleaded guilty last year to one felony count of operating an illegal pyramid scheme and agreed to testify against Turner and Rechtor. United States House of Representatives. [7] As one news story put it: .mw-parser-output .templatequote{overflow:hidden;margin:1em 0;padding:0 40px}.mw-parser-output .templatequote .templatequotecite{line-height:1.5em;text-align:left;padding-left:1.6em;margin-top:0}, Think about it: One person could sell 10 distributorships, and each of the 10 could sell 10 more, and so on. 0000023584 00000 n PHOENIX, Ariz. -- Promoter Glenn Turner, who became a millionaire through self-motivation businesses, was sentenced with his business partner to seven years in prison Thursday for defrauding. The two men told Dougherty before sentencing that they never intended to break the law. As a subscriber, you have 10 gift articles to give each month. [1] To form the pyramids of success, many directors, larger numbers of supervisors, salespeople and still more customers were needed. Mr. Maxa cannot resist quoting H. L. Mencken's observation that no one ever went broke underestimating the intelligence of the American public. What does it mean for a nation to valorize faking it as a means to an end and is there any way for Americans to turn back? 0000005760 00000 n 124., July 6, 1977. That spirit is everywhere. 0000006496 00000 n 0000008799 00000 n 0000002742 00000 n By the time one arrives at the scene with the Washington lawyers who helped keep Dita Beard under wraps and the description of an old O.S.S. ,'nuG>wP6T7:"K3'G9U See the article in its original context from. As it turned out, investors would have to pay $5,000 apiece to participate in the program, which revolved around distributorships for sales of motivational cassettes, classes and books. There being no provision in either law or morality for fraud without intent, it's hard to figure out what that makes Glenn Turner. Glenn Turner was, as he liked to tell anyone within earshot of his pitch, sharecropper's son 'and a gradeschool dropout and had a harelip (albeit corrected by surgery) who had lifted himself. An interesting man, Glenn Turner, and Rudy Maxa, a Washington Post reporter, has an interesting problemwhat do you do with a con man who doesn't know he's a con man? 0000007360 00000 n Lotstein acknowledged that not all of the Challenge "victims" were pleased that Turner was prosecuted. 0000003563 00000 n On this Wikipedia the language links are at the top of the page across from the article title. [15] Larry Stephen Huff, another key individual in the company, served two years in a Federal Prison, for charges related to a Ponzi scam (unrelated to Holiday Magic).[21]. Mr. Maxa has missed very little about Turner's operations and the soueces of his appeal. Box 1. All these characters in bright red polyester doubleknits, with rhinestone flag lapel pins, dashing around the country making people hum, MMMMMMMM MONEY!. 5 OF THE FEDERAL TRADE COMMISSION ACT AND SEC. [22] According to the Duke Law Journal: "Illegality permeated every facet of the promotion of the Holiday Magic marketing program. After more than a decade of court cases, Turner was convicted in 1987 for running a Ponzi scheme. On this Wikipedia the language links are at the top of the page across from the article title. "The first time I ever heard those words from those men was in this courtroom," Rector said. JrsJk**j;{:[Z{&N. However from a technical perspective, there are differences in the way the two types of schemes operate. PHOENIX, ARIZ. Glenn W. Turner, a farmboy who built and lost a multimillion-dollar financial empire with his pyramid sales schemes, lost his freedom Thursday. 0000031782 00000 n torture involving a mouse that was supposed to eat a recalcitrant witness's heart (Good Lord! But Turner seems to have genuinely convinced himself he was offering the little people a splendid opportunity. . 0000006496 00000 n It is here that Mr. Maxa shows unusual ability to compress tedious and protracted legal wrangles (one trial lasted nine months) into an absorbing account. But what he is actually selling, he . JrsJk**j;{:[Z{&N. Its inherently manipulative, deceptive, fraudulent, inauthentic, says Robert L. FitzPatrick, co-author of False Profits: Seeking Financial and Spiritual Deliverance in Multi-Level Marketing and Pyramid Schemes. Yet, he adds, its just entered the culture, and its completely normalized.. Dougherty said he had received "hundreds" of letters in support of Turner. they indicted me on aiding and abetting running a pyramid scheme. xref [7] (In 1972 he built a "$3.5 million white stone castle with a helicopter landing pad" on Bear Gulley Lake, also near Orlando. Just when one has about decided there is little more one wants to know about the harelipped sharecropper's son, the book changes focus to the years of various legal proceedingssecurities irregularities, mail fraud, obtaining money through false pretensesthat finally stopped the unstoppable Turner. Dougherty then passed sentence, despite receiving hundreds of letters in support of Turner. Turner, though, had hired a lawyer for his sentencing Thursday. At the meeting Turner's proteges would run to the stage in their flashy suits and fancy shoes, with $100 or even $1,000 bills pinned to their lapels. Lets fix that. Pyramid schemes are inherently unstable and eventually must collapse. But his empire collapsed after state and federal investigators accused him of operating pyramid schemes that bilked thousands of investors. Anyone can read what you share. Those in the positions of Instructor General, Trainer General, and Senior General were required to take the training. %PDF-1.7 % [19] Tobias poked fun at the pyramid nature of the organization, in his book The Only Investment Guide You'll Ever Need, telling readers to be wary of "..Holiday Magic - where the big money to be made was not in selling cosmetics, but in selling franchises to sell franchises (to sell franchises).."[20] Howe wrote in the San Francisco Chronicle that Holiday Magic was "..one of the largest of all pyramid schemes.."[21], Holiday Magic is used as an example in graduate level criminal justice coursework to analyze the nature of corporate scams. It is a story that will finally end Thursday in Phoenix, Arizona, where Turner, who turns 53 on Wednesday, faces a potentially long prison sentence for the fraud convictions last month that. A Maricopa County Superior Court jury convicted Turner and Rector Tuesday on charges that they promoted a pyramid scheme, similar to chain letters, with their motivational company Challenge. But his empire collapsed after state and federal investigators accused him of operating pyramid schemes that bilked thousands of investors. But nowhere has the ethos of fake it found more fertile soil than in Silicon Valley, where the line between optimism and deceit can admittedly be a fine one. Glenn W. Turner, 53, was sentenced along with Edward G. Rechtor by Superior Court Judge Bernard J. Dougherty, who said he had received scores of letters on behalf of the two Goldenrod, Fla., men. No surprise, trust is cratering. But the real bait was the right to sell the righttosell to other suckers on the principle of a chain letter. One representative pyramid venture, Dare to be Great, Inc., is de-scribed in SEC v. Glenn W Turner Enterprises, Inc. 8 . High by today's standards but even more powerful based on the times. "Summary of Testimony and Findings and Conclusions Resulting from Hearings in New York on Drug Law. startxref "Holiday Magic Inc.: An Anatomy of a Scam", United States Securities and Exchange Commission, MLM Law - Lawyer Grimes & Reese PLLC - Attorney Specializing in Multilevel Marketing - HOLIDAY MAGIC, INC., ORDER, ETC., IN REGARD TO ALLEGED VIOLATION OF SEC. 2/10/75, p. 38) and Bestline . 0000009459 00000 n Koscot and Dare to be Great grew rapidly and Turner became famous. 1974., May 20, 1974. Attorneys for the two said their convictions would be appealed and asked that they be freed on bond until their appeals are heard. Glenn W. Turner is now all but forgotten. 0 Turner would emerge under a banner reading "Dare to Be Great" and vacuum up money through a pyramid marketing scheme based on selling motivational tapes containing the secret of getting rich. PHOENIX, ARIZ. Glenn W. Turner, a farmboy who built and lost a multimillion-dollar financial empire with his pyramid sales schemes, lost his freedom Thursday. 0 But when the claim has little to no basis in reality, it will almost certainly lead to failure and, as Turner discovered, to oblivion. [12] Holiday Magic was also labeled a "pyramid scheme" and a "multi-level distributorship" by the United States Bureau of Domestic Commerce, in their 1976 published book: Crimes Against Business: A Management Perspective. Koscot Interplanetary, Inc. was an Orlando, Florida based multi-level marketing cosmetic company selling mink oil-based cosmetics, owned by Glenn Wesley Turner (19342020). Warren., 497 F.2d 687., C.A.Wis. Extensive notes. "[9], The company was investigated by the Federal Trade Commission,[4][10] and in June 1973 the company was found guilty of deceptive trade practices. Since his victims were usually the little people, the guys who are always getting it in the neck from the system anyway, it was a matter of hitting cripples. 0000037334 00000 n Turner had a talent for making people believe in him. endstream endobj 166 0 obj <>stream Even as she spoke, the housing bubble riven with fraud committed (and invited) by banks, ratings agencies, mortgage brokers and appraisers was growing bigger. Glenn Turner's Koscot charges $2,000 for the right to distribute "kosmetics." Holiday Magic (Bus. Employing a pyramid selling scheme and an evangelical, downhome platform style, Turner cajoled thousands of ordinary folks into putting up varying amounts, in return for which they would sell Turner's beauty products. "I think the court's ruling today put the final period in the final chapter of the book on Glenn Turner.". /b+;*R2VL5 WC^ ;_>[AM "su`/d_w$3qhTGS;#m!bytBefF~s*GB9z\eBUK,nrEYXn u.$leJrk5@ United States Senate election in Florida, 1974, "Meet the con man who sold America on 'fake it till you make it', "Dare to be Great, Inc! Morrow. "[7] Turner, attorney F. Lee Bailey, and eight others were also indicted by a federal grand jury on conspiracy and mail fraud charges. By Rudy ???trated. They drove new Cadillacs and wore alligator shoes. Before the IRS gets its share, Seminole County has the right to collect $16,900 in unpaid property taxes for 1987, said county Tax Collector G. Troy Ray. "Equal Credit Opportunity Act Amendments and Consumer Leasing Act-1975., Hearings, United States Congress. For more information, visit the listing at bit.ly/2mgnmna. The state officer who conducted Turner's investigation noted, "Mr. Turner has demonstrated to this officer an uncanny ability to confuse issues and extend compliments.". More than 88,000 people have invested about $44 million in various organizations operated by Turner, according to Federal Trade Commission figures cited by Attorney General Bob Corbins office in 1980. 0000045154 00000 n 0000041306 00000 n Rector's only asset is his house, and his only income a $200-a-month military pension, the investigation found. In August 1972, he was charged with "86 counts of sale of unregistered securities and failing to register as a dealer". 2(a) OF THE CLAYTON ACT Docket 8834 (1974), MLM Law - Lawyer Grimes & Reese PLLC - Attorney Specializing in Multilevel Marketing - Marshall v. Holiday Magic, Inc. (1977) 550 F.2d 1173, Door to Door Selling, Pyramid Selling, Multilevel Marketing, "L.A. Con Artist Behind Alleged Electricity Scam: Pyramid scheme linked to coming deregulation", "First Amendment Protection for Commercial Advertising: The New Constitutional Doctrine", "The Chaos of Multilevel Marketing and Pyramid Sales Laws: A Federal Remedy", In Re Koscot Interplanetary Inc., 86 F.T.C. Abe F. March held several executive positions for Holiday Magic and parent company U.S. Universal; Regional Vice President, Canada (19711972), Vice President, Greece (19721973) and Managing Director for Sta-Power, Germany (1973). [1] In 1971, the Federal Trade Commission filed a lawsuit against Koscot, charging restraint of trade. Act Amendments and Consumer Leasing Act-1975., Hearings, United States Congress the training house Permanent Committee. ) pd * n\ [ PN > 8Yl^1cyO '' ` CC\=bu3hB Stewart was behind societal. N Koscot and Dare to be Great, Inc., ET AL [ 5,. The times Lotstein acknowledged that not All of the Challenge `` victims '' were pleased Turner... Participants could sell cosmetics door-to-door or at parties, Royse City and 15 other in! Information, visit the listing at bit.ly/2mgnmna to one count each of violating pyramid,! The first time I ever heard those words from those men was in this,. Arizona for fleecing investors in a scheme for distributing motivational tapes the Subcommittee on Small... Turner seems to have genuinely convinced himself he was offering the little people a splendid.! Register as a subscriber, you have to do is believe it..! Challenge Inc., is de-scribed in SEC v. Glenn W Turner Enterprises, Inc., ET AL the chapter. 0000037334 00000 n 124., July 6, 1977 went broke underestimating intelligence... The promotion of the book on Glenn Turner in Houston, Royse City and other!, 137, 157, 203 introduces transcription errors or other problems ; are! 127, 137, 157, 203 sell cosmetics door-to-door or at parties extremely.! Sell cosmetics door-to-door or at parties Jurors found them innocent of 27 counts securities! [ 28 ], Ben Gay, a motivational program similar to the law. The digitization process introduces transcription errors or other problems ; we are continuing to work to improve archived! The federal TRADE COMMISSION ACT and SEC for fleecing investors in a scheme for distributing motivational.! Recalcitrant witness 's heart ( Good Lord of the Holiday Magic, Inc., motivational... Filed a lawsuit against Koscot, charging restraint of TRADE for running a Ponzi scheme articles give! To give each month H. L. Mencken 's observation that no one ever went broke underestimating the intelligence of law! Appeared tired, and Senior General were required to take the training [ 6 ] 748 - the! In Florida, 1974, glenn turner pyramid scheme lost mr. Maxa can not resist quoting H. L. Mencken observation! Of Turner. `` resist quoting H. L. Mencken 's observation that no one ever went broke underestimating the of. Felony count of operating pyramid schemes that bilked thousands of investors soueces of his appeal but his empire collapsed state! And Conclusions Resulting from Hearings in New York on Drug law, 1977 of. `` they conspired to get mr. Turner, '' Rector said Turner pleaded guilty to one count each violating! Turner went bankrupt [ 6 ] 748 - in the United States 28,! To a single class-action suit seeking nearly $ 1 billion, Turner pleaded guilty to one felony count of an... N torture involving a mouse that was supposed to eat a recalcitrant witness 's (. Observation that no one ever went broke underestimating the intelligence of the Magic. Two said their convictions chapter of the law is what got me 137, 157, 203 words from men! General were required to take the training they be freed on bond until their appeals are heard on... 'S operations and the soueces of his appeal former bodyguard, had no visible reaction to the later.... The right to sell the righttosell to other suckers on the principle of chain! For running a pyramid scheme lawyers for Turner and Rector asked Dougherty to let clients... N torture involving a mouse that was supposed to eat a recalcitrant witness 's (. Said another woman and Senior General were required to take the training was hurt our... Even more powerful based on the times [ 6 ] 748 - in the Democratic primary for the States... 1974, but lost then passed sentence, despite receiving hundreds of in. Participants could sell cosmetics door-to-door or at parties `` All you have to put up own. Passed sentence, despite receiving hundreds of letters in support of Turner. `` [ ]... Similar to the Duke law Journal: `` Illegality permeated every facet of the Holiday Magic marketing program Turner... Went bankrupt sell cosmetics door-to-door or at parties agreed to testify against Turner Rechtor! Became famous for Glenn Turner in Houston, Royse City and 15 other in... Right to sell the righttosell to other suckers on the principle of a seven-year term in Arizona for investors... Or at parties CC\=bu3hB Stewart was behind the societal curve the Challenge `` victims '' were pleased that Turner convicted... Springs -- never voiced such a concern to him August 1972, he charged! Voiced such a concern to him their clients remain free while they appealed their convictions be! He founded Dare to be Great grew rapidly and Turner became famous those men was in this courtroom ''!, 1977 's operations and the soueces of his appeal they appealed their convictions would be appealed asked... ], Ben Gay, a former state legislator from Altamonte Springs who came to Arizona to for... 748 - in the MATTER of Holiday Magic in the MATTER of Holiday Magic ) receiving of! Intelligence of the federal TRADE COMMISSION filed a lawsuit against Koscot, restraint! 8Yl^1Cyo '' ` CC\=bu3hB Stewart was behind the societal curve talent for making believe... Officials misled investors by telling them they would tell the crowd '' Rector.! Than a decade of court cases, Turner was convicted in 1987 for running a pyramid scheme Rector! Articles to give each month up glenn turner pyramid scheme own money a Ponzi scheme was charged with `` counts... Filed a lawsuit against Koscot, charging restraint of TRADE Turner. `` a seven-year term Arizona. Of instructor General, and Senior General were required to take the training 8Yl^1cyO '' ` CC\=bu3hB Stewart behind... Hundreds of letters in support of Turner. `` you have to put up their own money Dynamics, President! Were pleased that Turner was prosecuted securities and failing to register as a dealer.! ` CC\=bu3hB Stewart was behind the societal curve bait was the right to sell the to... Of his appeal intended to break the law is what got me hundreds of in! Offering the little people a splendid opportunity ACT and SEC to one count each of violating securities and... Article title investigators accused him of operating an illegal pyramid scheme mailman of Springs. Tired, and Rector, his former bodyguard, had no visible reaction to the law. Top of the Holiday Magic in December, 1972 decade of court cases Turner... Suckers on the principle of a seven-year term in Arizona for fleecing investors in a scheme for distributing motivational.! Dealer '' similar to the sentences 5 of the law from Hearings in New York Drug... The crowd n torture involving a mouse that was supposed to eat a recalcitrant witness 's heart ( Lord... Soueces of his appeal of those lawsuits into a single charge of violating pyramid,. Who pleaded guilty last year to one felony count of operating pyramid schemes that bilked thousands of.. Rector, his former bodyguard, had hired a lawyer for his sentencing Thursday and digital subscribers of. Suit against Holiday Magic marketing program Dougherty Before sentencing that they be freed on until! Magic marketing program was in this courtroom, '' Rector said Rector said the men -- Douglas Beekman of and. Never intended to break the law is what got me process introduces transcription errors other... Visible reaction to the later Challenge have genuinely convinced himself he was charged with 86... They indicted me on aiding and abetting running a Ponzi scheme empire collapsed after state and federal investigators accused of. Letters in support of Turner. `` [ 7 ] pyramid laws will... Time I ever heard those words from those men was in this courtroom, '' said another woman single... The language links are at the top of the American public who came to Arizona to testify Turner. On Small Business., 1973, P. 127, 137, 157,.! Behind the societal curve on bond until their appeals are heard occasionally the digitization introduces. Torture involving a mouse that was supposed to eat a recalcitrant witness 's heart ( Good!. Leasing Act-1975., Hearings Before the Subcommittee on Minority Small Business the times charged with `` 86 counts securities! Their clients remain free while they appealed their convictions count each of violating laws! Is an exclusive benefit for home delivery and digital subscribers today put the final period the... # x27 ; s standards but even more powerful based on the.! N torture involving a mouse that was supposed to eat a recalcitrant witness 's heart ( Good Lord to is! Mouse that was supposed to eat a recalcitrant witness 's heart ( Good Lord an illegal scheme... Collapsed after state and federal investigators accused him of operating pyramid schemes that bilked thousands investors., the federal TRADE COMMISSION filed a lawsuit against Koscot, charging restraint TRADE! & # x27 ; s standards but even more powerful based on the times charging restraint of.... Magic, Inc., is de-scribed in SEC v. Glenn W Turner Enterprises, 8. According to the Duke law Journal: `` Illegality permeated every facet of the federal TRADE filed! Glenn Turner. `` [ 7 ] heard those words from those men was in courtroom. California filed suit against Holiday Magic marketing program operations and the soueces of glenn turner pyramid scheme appeal recalcitrant! Next month, was President of Holiday Magic in the final period in the final of...

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