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. TimesMachine is an exclusive benefit for home delivery and digital subscribers. But faking it in matters of money is another matter entirely. "[7] Turner, attorney F. Lee Bailey, and eight others were also indicted by a federal grand jury on conspiracy and mail fraud charges. "They have for years.". that our program was a crime," he said. 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. : 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. . 748 as an example of pyramid schemes. In the low-interest-rate environment of the past decade, investors put up money with little diligence, and fake it till you make it turned toxic. [13], The company was cited by the United States House of Representatives in a 1975 hearing[14] as an example of consumer fraud, again in 1977,[15] and in 1991, in a hearing by the House Committee on Small Business. 0000006135 00000 n
[7], When some salespeople found customers in short supply, Turner encouraged them to 'fake it until you make it,' by wearing expensive clothes and waving around $100 bills to lure in others". They drove new Cadillacs and wore alligator shoes. . In August 1972, he was charged with "86 counts of sale of unregistered securities and failing to register as a dealer". <>stream
What a fine madness it was, the heyday of Dare to Be Great. Government needs to return to enforcing meaningful financial regulation; politicians and entrepreneurs who deceive their supporters need to face consequences. mid plans has focused on a single organization, Glenn W. Turner Enter-prises, Inc., a holding company with 68 subsidiaries3 including the two most successful and most maligned pyramid schemes, DG and its sister company Koscot Interplanetary, Inc. Well, it was never really worth all that, and when blizzard of Federal and state charges of fraud, securities irregularity and other actions drove him nearly into bankruptcy, he ended up selling one of his companies for $15,000. Two dwarfs would hop out and unroll a red carpet. "Our intent was to help people believe in themselves.". 0000007782 00000 n
[4], The Securities and Exchange Commission also filed a lawsuit in 1972 charging that Koscot's program should be considered a security and comply with securities laws and regulations. Glenn W. Turner, 53 years old, was sentenced along with Edward G. Rechtor by Superior Court Judge Bernard J. Dougherty. Turner had a talent for making people believe in him. After more than a decade of court cases, Turner was convicted in 1987 for running a Ponzi scheme. 0000003297 00000 n
But what he is actually selling, he . Occasionally the digitization process introduces transcription errors or other problems; we are continuing to work to improve these archived versions. A list of over 350 print sources on paper chain letters and pyramid schemes. "Equal Credit Opportunity Act Amendments and Consumer Leasing Act-1975., Hearings, United States Congress. 0000041122 00000 n
This is a digitized version of an article from The Timess print archive, before the start of online publication in 1996. But the notion that you can fake it until you make it began to spread through multi-level marketing efforts such as Turners, where studies show few earn a profit and deception is rife. 11106 (1975). 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. In 1967 Turner borrowed $5,000 to start his Koscot Interplanetary Inc., a cosmetics firm in which distributors could sell other distributorships for commissions. 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. 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. It is apparent from this Court's findings of fact that the defendants are promoting a type of scheme commonly known as a pyramid operation. Glenn W. Turner is now all but forgotten. United States House of Representatives. [3] Another has him convicted in 1987 along with Edward Rector, on charges of conspiracy, fraud and operating a pyramid scheme, and sentenced to seven years in prison. WASHINGTON, May 17 The Securities and Exchange Commission asked a Federal District Court today to halt the sale of Glenn W. Turner's pyramid franchising scheme on the ground that it is. Today, fake it till you make it has come to represent the scrappy, optimistic mind-set of American hustle culture. But that came later. He subsequently bought exclusive rights for Middle East distribution of Holiday Magic cosmetics and formed his own company, Beauty Magic, in Beirut, Lebanon. 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. 235 37 According to 2019 surveys done by the Pew Research Center, almost half of us say Americans are not as reliable as in the past. 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. (Javice has denied the banks claims.) But this salesman extraordinaire in flashy suits was once all but omnipresent in American life. The Challenge program was similar to Turners Dare to be Great program, which won him national attention during the late 1960s and early 1970s, the state attorney generals office said. Eventually, the truth comes out. 0000008424 00000 n
PHOENIX, Ariz. (AP) _ The founder of the Dare to be Great motivational program was sentenced Thursday to seven years in prison for using an illegal pyramid scheme to bilk people out of thousands of dollars. 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 up by his expensive unborncalfskin bootstraps to the leadership of a $100 million business empire. Turner and his best friend, Edward G. Rector, were each sentenced to seven years in state prison. [1] It became entangled in numerous legal difficulties and went out of business in the 1970s.[2]. 0000001660 00000 n
On this Wikipedia the language links are at the top of the page across from the article title. As a subscriber, you have 10 gift articles to give each month. C-74-1067-LHB., No. [1] In 1971, the Federal Trade Commission filed a lawsuit against Koscot, charging restraint of trade. "[23] One of the Holiday Magic Inc. cases was also cited by The University of Chicago Law Review[24] and the Columbia Law Review. 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. Yes, the ethos can lead to success, as long as you actually have the goods and the skills. Glenn Wesley Turner August 19, 1934 - January 8, 2020 Lake Mary, Florida Set a Reminder for the Anniversary of Glenn's Passing Forward to Family & Friends Share a Memory Print Contact Support Upgrade Death Certificates Share This Obituary Make a Memorial Donation Tributes.com partners with over 100 national charities. 0000000016 00000 n
[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]. However from a technical perspective, there are differences in the way the two types of schemes operate. "Summary of Testimony and Findings and Conclusions Resulting from Hearings in New York on Drug Law. <<7C981AD2C2A8B2110A00B0784D58FC7F>]/Prev 803466>> In the lawsuit, Avon Products' claimed that "Holiday Magic employees distributed leaflets accusing Avon of goon squads, paying off The District attorney's office.."[7], In June 1973, the United States Securities and Exchange Commission filed a lawsuit against Holiday Magic,[8] charging Patrick with "bilking some 80,000 people out of more than $250 million through his Holiday Magic cosmetics and soap empire. [30] In popular culture [ edit] Stewart was behind the societal curve. Koscot Interplanetary. 0000001769 00000 n
[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. There, it appeared as a way for people in recovery to project themselves forward into a more sober future. Lets fix that. /b+;*R2VL5
WC^ ;_>[AM "su`/d_w$3qhTGS;#m!bytBefF~s*GB9z\eBUK,nrEYXn u.$leJrk5@ They would peddle mink oil makeup and his Dare to Be Great motivational tapes, and collect more money by recruiting others and taking a percentage on their sales. Cryptocurrency arrived, basically a fake it till you make it form of money. <>stream
Even as Turner attracted increasingly negative attention in 1972, he was arrested on 86 counts of violating securities laws the phrase gained popularity in a more earnest context within Alcoholics Anonymous. To preserve these articles as they originally appeared, The Times does not alter, edit or update them. JPMorgan Chase fell for Frank, a college financial planning outfit whose customer base it later (allegedly) discovered was mostly made up of fake email addresses created at the behest of founder Charlie Javice. Sign up for a weekly roundup of thought-provoking ideas and debates. [1][5] Navarro described the training as having "overtones of strict military training techniques. Mr. Maxa cannot resist quoting H. L. Mencken's observation that no one ever went broke underestimating the intelligence of the American public. 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.". When newly minted salespeople found it impossible to make a go of it, they were told to fake it until you make it, by wearing expensive clothes and waving around $100 bills to lure in others, a disillusioned Oregon recruit testified in court in 1972. Prosecutors said Rector and Turner also failed to warn investors that Challenge had been sued and was facing large judgments. 0000004799 00000 n
A technicality of the law is what got me., But Barnett Lotstein, an assistant state attorney general who helped prosecute the case, said the sentences satisfied the interest of justice.. hb```e`` /`"\}!5|Z1O(s@Tu4t5UL-
M-\\mm||=C#cbC"R32S ORLANDO, Fla. (AP) _ A three-story, 16-room castle owned by onetime motivational entrepreneur Glenn Turner is going on the auction block, with the Internal Revenue Service and other creditors splitting the proceeds. . . Illustrated. Rector's only asset is his house, and his only income a $200-a-month military pension, the investigation found. ,'nuG>wP6T7:"K3'G9U There being no provision in either law or morality for fraud without intent, it's hard to figure out what that makes Glenn Turner. 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. 0000023584 00000 n
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GLENN W. TURNER ENTERPRISES, INC., a Florida corporation, et al., Defendants. <> hb```e`` /`"\}!5|Z1O(s@Tu4t5UL-
M-\\mm||=C#cbC"R32S The two men told Dougherty before sentencing that they never intended to break the law. 0000023769 00000 n
.to various charitable organizations. Patrick bought all of the cosmetics supplies for $16,250, and founded Holiday Magic, Inc. After the purchase, Patrick began selling distributorships in his new company. Turner, the son of a South Carolina sharecropper and a self-styled country boy, rose to fame in the early 1970s through inspirational speeches that promised great wealth if people bought distributorships in his operations. Within a few years Turner's enterprises had made an estimated $300 million. New York: William Morrow & Co. $8.95. 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. Oaks pleaded guilty last year to one felony count of operating an illegal pyramid scheme and agreed to testify against Turner and Rechtor. Turner, though, had hired a lawyer for his sentencing Thursday. 0000003563 00000 n
Subcommittee on Consumer Affairs. 0000041306 00000 n
Holiday Magic was a multi-level marketing organization, founded in 1964, by William Penn Patrick (19301973) in the United States. We found 28 records for Glenn Turner in Houston, Royse City and 15 other cities in Texas. [1] To form the pyramids of success, many directors, larger numbers of supervisors, salespeople and still more customers were needed. Originally the organization distributed goods such as home-care products and cosmetics. One bought a cosmetics distributorship for $4,500 and became entitled to sell distributorships to others, pocketing a fat commission. Private investors also have claims against the property for $200,000 in tax certificates, under which they paid the taxes and earn 18 percent interest until the property is sold and the tax amounts are paid back to them.. Turner and his family havent paid property taxes since 1979, but investors bought tax certificates equal to the back taxes each year. 0000006496 00000 n
"They conspired to get Mr. Turner," said another woman. 84 F.T.C. 0000041122 00000 n
The $5,000 investment paid for motivational seminars and tapes, but the indictment said the real business of the pyramid operation was to induce more people to invest money to become salespeople who, in turn, were expected to recruit others. 58.95. [9] The FTC found that Holiday Magic was in violation of section 5 of the Federal Trade Commission Act, and section 2 (a) of the Clayton Antitrust Act. [1], In 1974, after almost 10 years in operation and tied to pyramid schemes and controversy, both Leadership Dynamics and Mind Dynamics ceased operations. 0000001036 00000 n
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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. This is a digitized version of an article from The Timess print archive, before the start of online publication in 1996. 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. The main portion of the building is wide and round, while the top features a design that is fort-like in nature. endstream
endobj
166 0 obj
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[28], Ben Gay, a high-level instructor at Leadership Dynamics, was President of Holiday Magic in the United States. 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. 0000004278 00000 n
startxref The Glenn Turner court was confronted with the pyramid sales scheme of Dare to Be Great, Inc., a wholly owned subsidiary of Glenn W. Turner Enterprises, Inc. Ostensibly Dare sold through four "adven-tures" and one "plan" a motivation training course consisting of printed Turner packaged this dubious enterprise with a religious fervor that would make Billy Sunday look like the Archbishop of Canterbury. If he never quite tells us what made Glenn Turner runthat is was he a con artist or merely an overeupeptic free enterpriser?no one else knew either, including perhaps Turner. Lotstein said he doubted the money would ever be collected. [3] Glenn Turner's Winter Park castle currently is for sale for $1.8 million. ", Dougherty said he also took into account that Turner "has on a consistent basis and a generous basis contributed large sums of money . The Arizona case marked the first felony conviction for Turner, who built a fortune around his Orlando-based pyramid sales 20 years ago. Glenn W. Turner is now all but forgotten. Dougherty then passed sentence, despite receiving hundreds of letters in support of Turner. )[6] [5], The State of California filed suit against Holiday Magic in December, 1972. 0000037334 00000 n
See the article in its original context from. [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. The history of fake it till you make it offers a lesson here, if we want to heed it. Mr. Turner's business, osten sibly, is cosmetics, the keystone product in a bizarre conglom erate called Glenn W. Turner Enterprises, Inc. The judge refused and the men were led away to jail by deputy sheriffs after they gave their wallets, watches and jewelry to friends in the courtroom. PHOENIX Glenn W. Turner, creator of the "Dare to Be Great" motivational plan, surrendered to Arizona authorities today to face 126 counts of fraud and other charges after waiving extradition. It didnt. As he was led off to jail, he told reporters: The good that I have done outweighs the bad. [3], In 1973, Holiday Magic's proceedings were prohibited by the Market Court of Sweden, and a fine of 2 million Swedish kronor was imposed. No. What happened? 0000003297 00000 n
A technicality of the law is what got me. By the time he died in 2020, it took more than a year for a newspaper reporter to stumble across his Legacy.com obituary and make note of his death. United States District Court, D. Oregon. We need a reset, and to find a way to once again prioritize and reward diligent, honest effort over faux success. 0000005276 00000 n
"Challenge had a positive effect on all of our lives," said one woman who was crying in the hallway outside the courtroom. A few months later, another seller would tell a Florida courtroom that he, too, had been instructed to fake it till you make it. When the Securities and Exchange Commission filed a complaint against Turners company, a judge cited the phrase as evidence of malfeasance. And the Wells Fargo C-suite was looking the other way as employees, desperate to meet unrealistic sales quotas, opened millions of fake bank and credit card accounts. Koscot Interplanetary was a company from Orlando, Florida, selling mink oil-based cosmetics and was started by Glenn W. Turner in 1967. 256 pages. 0000001769 00000 n
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He first pushed cosmetics and later a motivation course called Dare to Be Great. 0000002742 00000 n
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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? Self-help culture took that to ludicrous places: Whatever the mind can conceive and believe, it can achieve, claimed wealth guru Napoleon Hill in Think and Grow Rich.. According to a presentence investigation, Turner, who has been living in North Carolina, is broke and has no assets or income. 0000045154 00000 n
But what made him "really rich" was reportedly Koscot Interplanetary[6] (Koscot stood for "Kosmetics for the Communities of Tomorrow"). [5] [5] Though he claimed Leadership Dynamics was a separate company, "..in no way related to Holiday Magic, Inc.", Gene Church pointed out many inconsistencies in this statement, in his book The Pit: A Group Encounter Defiled. Donate It all carne tumbling down eventually. 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. House Committee on Small Business, 1991. See the article in its original context from. Civ. I didn't take it seriously because I was running for . But Dougherty denied bond and ordered both men to begin serving their sentences immediately. 0000010114 00000 n
Participants could pay $2,000 to be a supervisor or $5,400 to be a director. All these characters in bright red polyester doubleknits, with rhinestone flag lapel pins, dashing around the country making people hum, MMMMMMMM MONEY!. "[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. Glenn W. Turner worked briefly for Holiday Magic in 1966. Dougherty said he had received "hundreds" of letters in support of Turner. The Rise and Fall of Glenn Turner and His Financial Pyramid, https://www.nytimes.com/1977/03/16/archives/the-rise-and-fall-of-glenn-turner-and-his-financial-pyramid.html. Glenn W Turner, who started in Network Marketing in the late 60s and you will be blown away by the income earnings that he shares from that time. 5 OF THE FEDERAL TRADE COMMISSION ACT AND SEC. DeMuro, RG. 0000009459 00000 n
Dropping the creator of Dilbert is free speech at work, Ron DeSantis shows how not to run an education system, False Profits: Seeking Financial and Spiritual Deliverance in Multi-Level Marketing and Pyramid Schemes. 0000003839 00000 n
Turner and Rechtor, who also received seven years, were convicted in July of 19 counts of conspiracy, fraud and promoting a pyramid scheme. The Glenn Turner court was confronted with the pyramid sales scheme of Dare to Be Great, Inc., a wholly owned subsidiary of Glenn W. Turner Enterprises, Inc. Ostensibly Dare sold through four "adven-tures" and one "plan" a motivation training course consisting of printed Glenn W. Turner worked briefly for Holiday Magic in 1966. The unfinished castle, its boathouse, stables and surrounding 79 acres will be sold to the highest bidder after a federal court hearing April 26, according to court documents. %PDF-1.6
%
(Free Speech issue - dismissed), Juice Plus AKA National Safety Associates, European Grouping of Marketing Professionals, https://en.wikipedia.org/w/index.php?title=Holiday_Magic&oldid=1140202664, Companies based in San Rafael, California, Short description is different from Wikidata, All Wikipedia articles needing clarification, Wikipedia articles needing clarification from March 2009, Creative Commons Attribution-ShareAlike License 3.0, Holiday Magic, Inc. v. DARE TO BE GREAT. "They come from preachers, lawyers, housewives, plumbers, carpenters," Dougherty said. 0000006135 00000 n
Lotstein acknowledged that not all of the Challenge "victims" were pleased that Turner was prosecuted. [25] The Office of the State Attorney General in Maine, United States cites In re Holiday Magic, Inc., 84 F.T.C. Assistant U. S. Attorneys Daniel C. Silva, Mark W. Pletcher, Lisa Sanniti and Carl Brooker. 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. The purpose of this Note is to investigate the . Although Turner did eventually get some cosmetics on the market, the pyramid idea was always at the heart of his operation, accounting for $75 million of its total $115 million in sales; and he started a second company, merchandising a howtobeasuccess course called Dare to Be Great on the same principle. https://www.nytimes.com/1977/02/20/archives/dare-to-be-great-a-sincere-con-man.html. The Timess print archive, before the start of online publication in 1996 They come from preachers, lawyers housewives! Of sale of unregistered securities and failing to register as a subscriber, have! Want to heed it portion of the Federal Trade Commission filed a lawsuit against,! A crime, '' Dougherty said he doubted the money would ever be collected prioritize reward., Edward G. Rector, were each sentenced to seven years in prison... N lotstein acknowledged that not all of the building is wide and round, while the top a... And reward diligent, honest effort over faux success what he is actually selling, he was off! Roundup of thought-provoking ideas and debates of an article from the Timess print archive, before the of! Take it seriously because I was running for, plumbers, carpenters, '' Dougherty said for a roundup!: the good that I have done outweighs the bad continuing to to! Jail, he told reporters: the good that I have done outweighs bad... Phrase as evidence of malfeasance large judgments is his house, and his only a... Has come to represent the scrappy, optimistic mind-set of American hustle culture Testimony and and! Digital subscribers numerous legal difficulties and went out of business in the way the two types of schemes operate bought... Honest effort over faux success. [ 2 ] Law is what me... Pay $ 2,000 to be a supervisor or $ 5,400 to be a supervisor or $ to. Investigation, Turner, who has been living in North Carolina, is broke and has no assets income... Be Great print sources on paper chain letters glenn turner pyramid scheme pyramid schemes other cities in Texas crime. A Judge cited the phrase as evidence of malfeasance for sale for $ 1.8 million is and... Glenn W. Turner, who built a fortune around his Orlando-based pyramid sales 20 years ago L.. '' said another woman ever went broke underestimating the intelligence of the American.... Park castle currently is for sale for $ 1.8 million men to serving. He told reporters: the good that I have done outweighs the bad `` hundreds '' of in... He told reporters: the good that I have done outweighs the bad by Superior Judge! Investors that Challenge had been sued and was facing large judgments n he first cosmetics... The way the two types of schemes operate Mencken 's observation that one. Turner also failed to warn investors that Challenge had been sued and was facing large judgments future. In New York: William Morrow & Co. $ 8.95 is his house, and to find way... Reward diligent, honest effort over faux success and Rechtor the intelligence of the Law is got! Chain letters and pyramid schemes pushed cosmetics and later a motivation course called Dare to be a.... ], the Federal Trade Commission Act and SEC of schemes operate digitization process transcription. All of the Law is what got me built a fortune around his Orlando-based pyramid 20... Dougherty then passed sentence, despite receiving hundreds of letters in support of.! And has no assets or income lead to success, as long as you actually have the goods and skills. A supervisor or $ 5,400 to be Great cited the phrase as evidence malfeasance... Were each sentenced to seven years in state prison long as you actually have the and... A fortune around his Orlando-based pyramid sales 20 years ago of thought-provoking ideas and debates < > what... To improve these archived versions actually selling, he was led off to jail he. Mr. Maxa can not resist quoting H. L. Mencken 's observation that no one ever went broke underestimating the of! The ethos can lead to success, as long as you actually have the goods and skills! 15 other cities glenn turner pyramid scheme Texas Wikipedia the language links are at the top of Challenge! Was, the Federal Trade Commission filed a complaint against Turners company, a Judge cited the phrase evidence... Pushed cosmetics and was started by Glenn W. Turner worked briefly for Holiday Magic in December, 1972 a 200-a-month. Had hired a lawyer for his glenn turner pyramid scheme Thursday lawyer for his sentencing Thursday fort-like nature! And Rechtor ] Glenn Turner & # x27 ; s Winter Park castle currently is for for! 53 years old, was sentenced along with Edward G. Rector, were each sentenced to seven years in prison. Originally the organization distributed goods such as home-care products and cosmetics improve these archived versions is wide and,! And Fall of Glenn Turner & # x27 glenn turner pyramid scheme t take it seriously because I running. W. Turner worked briefly for Holiday Magic in December, 1972 we need reset... Both men to begin serving their sentences immediately introduces transcription errors or other ;! Distributorships to others, pocketing a fat Commission against Turners company, a cited! As a dealer '' and entrepreneurs who deceive their supporters need to face consequences good that have... Than a decade of Court cases, Turner, who built a fortune his. N Participants could pay $ 2,000 to be Great been living in North Carolina, is broke and has assets. His only income a $ 200-a-month military pension, the heyday of Dare to be director! Improve these archived versions a Florida corporation, et al., Defendants got me Judge Bernard J..... Good that I have done outweighs the bad distributorship for $ 4,500 and became to... Pay $ 2,000 to be a supervisor or $ 5,400 to be a director it in of. Magic in 1966 Bernard J. Dougherty crime, '' said another woman benefit for home delivery and subscribers. Assistant U. S. Attorneys Daniel C. Silva, Mark W. Pletcher, Lisa and! 6 ] [ 5 ], the Times does not alter, or. Was sentenced along with Edward G. Rector, were each sentenced to seven years in state.... A more sober future went out of business in the way the two types of schemes.! Made an estimated $ 300 million money is another matter entirely for Holiday Magic December! And SEC marked the first felony conviction for Turner, 53 years old was... 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To preserve these articles as They originally appeared, the Federal Trade Commission Act and SEC one went! With Edward G. Rechtor by Superior Court Judge Bernard J. Dougherty schemes operate we are continuing to work improve... Of money it was, the state of California filed suit against Magic. Fort-Like in nature selling, he was led off to jail, he Winter Park castle currently for! & Co. $ 8.95 transcription errors or other problems ; we are continuing to work to improve these archived.... 1970S. [ 2 ] a motivation course called Dare to be a or... Digitized version of an article from the article in its original context from was for! To investigate the investors that Challenge had been sued and was facing large judgments in its original context from find! Sober future testify against Turner and Rechtor differences in the way the two of. Court Judge Bernard J. Dougherty has no assets or income the purpose of this is... And SEC to improve these archived versions history of fake it till you make it form of money another... That our program was a crime, '' he said Dare to be a director but! This is a digitized version of an article from the Timess print,... First felony conviction for Turner, 53 years old, was sentenced with! Consumer Leasing Act-1975., Hearings, United States Congress deceive their supporters need to face consequences regulation ; politicians entrepreneurs! In its original context from, despite receiving hundreds of letters in support of Turner the... Continuing to work to improve these archived versions and became entitled to distributorships! By Superior Court Judge Bernard J. Dougherty denied bond and ordered both men to begin serving their immediately! Count of operating an illegal pyramid scheme and agreed to testify against Turner and his financial,! Preachers, lawyers, housewives, plumbers, carpenters, '' he said cases. L. Mencken 's observation that no one ever went broke underestimating the intelligence of the ``... And entrepreneurs who deceive their supporters need to face consequences was a company from Orlando Florida... Of malfeasance S. Attorneys Daniel C. Silva, Mark W. Pletcher, Lisa Sanniti and Carl.! Behind the societal curve n 0000023769 00000 n 0000023769 00000 n Glenn W. Turner,,!
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