Fortune Hi-Tech Marketing closed down in two states

Posted: August 27, 2010 in Business, Networking

Fortune Hi-Tech Marketing (FHTM) was ordered to cease and desist in North Dakota in mid-December 2009 and now has been ordered the same in Montana.

In North Dakota, the company was cited for violations of North Dakota’s transient merchant, consumer fraud and home solicitation laws. The state’s Attorney General Wayne Stenehjem issued the cease and desist order saying FHTM continued its business activities in North Dakota even after being told it could not do so without a required transient merchant license. The Consumer Protection Division is reviewing FHTM’s activities in North Dakota and it appears there also may be violations of the consumer fraud and home solicitation laws. “I’m concerned about this assortment of violations,” said Stenehjem. He has requested information about the extent of the company’s business transactions in North Dakota including dates of transactions, customers and payments received.

Montana’s State Auditor has issued a cease and desist order against FHTM in that state, according to reports dated mid-March 2010. Montana claims FHTM has taken more than $1.8 million from participating Montanans. Montana Commissioner of Securities and Insurance Monica Lindeen has advices the nearly 1,300 Montanans recruited by FHTM to “immediately end their involvement” with the company.

FHTM was founded by Paul Orberson of Lexington, Ky. The company connects products and services to representatives who can help sell them.

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