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Published: 2023-08-10 21:50:28 +0000 UTC; Views: 70; Favourites: 0; Downloads: 0
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Description en.m.wikipedia.org/wiki/BurnLo…

BurnLounge, Inc. was a multi-level marketingonline music store founded in 2004 and based in New York City. By 2006, the company reported 30,000 members using the site to sell music through its network. In 2007, the company was sued by the Federal Trade Commission for being an illegal pyramid scheme. The company lost the suit in 2012, and lost appeal in June 2014. In June 2015, the FTC began returning $1.9 million to people who had lost money in the scheme.[1][2] The company is dormant pending additional appeals.
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