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Koscot Interplanetary
Glenn Wesley Turner (1934–2020), was a salesman best known for his Orlando, Florida based multi-level marketing cosmetic company Koscot Interplanetary, Inc. Turner and Koscot became entangled in numerous legal difficulties and Koscot went out of business in the 1970s. In 1987 Turner was convicted on charges of conspiracy, fraud and operating a pyramid scheme, and sentenced to seven years in prison. Early life Turner was a son of a sharecropper in a South Carolina tobacco farm and an unwed mother. He was born with a cleft palate and a hare lip; surgery to correct them left a scar for which he was bullied until he dropped out of school in the eighth grade. Turner was described as semiliterate. During his adult life, he had a speech impediment. He served briefly in the U.S. Air Force before successfully graduating from a school for those who had dropped out of high school. Multi-level marketing success Turner started out selling sewing machines, and also worked briefly for ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Washington Post
''The Washington Post'' (also known as the ''Post'' and, informally, ''WaPo'') is an American daily newspaper published in Washington, D.C. It is the most widely circulated newspaper within the Washington metropolitan area and has a large national audience. Daily broadsheet editions are printed for D.C., Maryland, and Virginia. The ''Post'' was founded in 1877. In its early years, it went through several owners and struggled both financially and editorially. Financier Eugene Meyer purchased it out of bankruptcy in 1933 and revived its health and reputation, work continued by his successors Katharine and Phil Graham (Meyer's daughter and son-in-law), who bought out several rival publications. The ''Post'' 1971 printing of the Pentagon Papers helped spur opposition to the Vietnam War. Subsequently, in the best-known episode in the newspaper's history, reporters Bob Woodward and Carl Bernstein led the American press's investigation into what became known as the Watergate scandal, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Securities And Exchange Commission
The U.S. Securities and Exchange Commission (SEC) is an independent agency of the United States federal government, created in the aftermath of the Wall Street Crash of 1929. The primary purpose of the SEC is to enforce the law against market manipulation. In addition to the Securities Exchange Act of 1934, which created it, the SEC enforces the Securities Act of 1933, the Trust Indenture Act of 1939, the Investment Company Act of 1940, the Investment Advisers Act of 1940, the Sarbanes–Oxley Act of 2002, and other statutes. The SEC was created by Section 4 of the Securities Exchange Act of 1934 (now codified as and commonly referred to as the Exchange Act or the 1934 Act). Overview The SEC has a three-part mission: to protect investors; maintain fair, orderly, and efficient markets; and facilitate capital formation. To achieve its mandate, the SEC enforces the statutory requirement that public companies and other regulated companies submit quarterly and annual re ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fraud In The United States
In law, fraud is intentional deception to secure unfair or unlawful gain, or to deprive a victim of a legal right. Fraud can violate civil law (e.g., a fraud victim may sue the fraud perpetrator to avoid the fraud or recover monetary compensation) or criminal law (e.g., a fraud perpetrator may be prosecuted and imprisoned by governmental authorities), or it may cause no loss of money, property, or legal right but still be an element of another civil or criminal wrong. The purpose of fraud may be monetary gain or other benefits, for example by obtaining a passport, travel document, or driver's license, or mortgage fraud, where the perpetrator may attempt to qualify for a mortgage by way of false statements. Internal fraud, also known as "insider fraud", is fraud committed or attempted by someone within an organisation such as an employee. A hoax is a distinct concept that involves deliberate deception without the intention of gain or of materially damaging or depriving a victi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Defunct Multi-level Marketing Companies
{{Disambiguation ...
Defunct (no longer in use or active) may refer to: * ''Defunct'' (video game), 2014 * Zombie process or defunct process, in Unix-like operating systems See also * * :Former entities * End-of-life product * Obsolescence Obsolescence is the state of being which occurs when an object, service, or practice is no longer maintained or required even though it may still be in good working order. It usually happens when something that is more efficient or less risky r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rudy Maxa
Rudy Maxa was born in 1949 and is an American consumer travel expert. Maxa is the host and executive producer of 85 half-hour travel shows on the world's great destinations that are broadcast on public television in the U.S. with titles such as ''Smart Travels: Europe with Rudy Maxa'', ''Smart Travels: Pacific Rim with Rudy Maxa'', and—since 2008—''Rudy Maxa's World'.'' Maxa began his career in journalism after graduating from Ohio University as an investigative reporter, magazine writer, and personalities columnist at The Washington ''Post''. His reporting on a Capitol Hill sex scandal and the resulting changes in congressional rules was nominated for the Pulitzer Prize, and he received the John Hancock Award for Excellence in Business and Financial Journalism for a series of stories on an international Ponzi scheme. He left the ''Post'' to become a senior editor at the city magazine ''Washingtonian'' (1983–92) and also worked as the Washington bureau chief of ''Spy' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
George Santos
George Anthony Devolder Santos (; ; born July 22, 1988) is an American politician who is the U.S. representative for , serving since 2023. A member of the Republican Party, Santos was elected to Congress in 2022, after running unsuccessfully in 2020 against incumbent Thomas Suozzi. Santos is the first LGBT non-incumbent Republican elected to federal office. Santos has made numerous false or dubious claims about his biography, work history, criminal record, financial status, ethnicity, religion, and other matters, both in public and in private. Six weeks after his election, numerous news outlets reported that large parts of his self-published biography appeared to be fabricated, including claims about his ancestry, education, employment, charity work, property ownership, and crimes he claimed to be a victim of. Santos has admitted to lying about his education and employment. As of March 2023, he is under investigation by U.S. federal, New York state, and Nassau County auth ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sam Bankman-Fried
Samuel Benjamin Bankman-Fried (born March 6, 1992), also known by the initialism SBF, is an American suspected fraudster, entrepreneur, investor, and former billionaire. Bankman-Fried was the founder and CEO of the cryptocurrency exchange FTX and associated trading firm Alameda Research, both of which experienced a high-profile collapse resulting in chapter 11 bankruptcy in late 2022. Prior to FTX's collapse, Bankman-Fried was ranked the 41st richest American in the ''Forbes 400'', and the 60th richest person in world by ''The World's Billionaires''. His net worth peaked at $26 billion. By November 11, 2022, amid the bankruptcy of FTX, the ''Bloomberg Billionaires Index'' considered his net worth to have been reduced to zero. Before his wealth had evaporated, Bankman-Fried was a major donor to political campaigns, donating mostly to Democratic candidates (while unverifiably claiming to have channeled "dark money" to Republican candidates) and claimed that he planned to spend p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Elizabeth Holmes
Elizabeth Anne Holmes (born February 3, 1984) is an American convicted fraudster and former biotechnology entrepreneur. In 2003, Holmes founded and was the chief executive officer (CEO) of Theranos, a now-defunct health technology company that soared in valuation after the company claimed to have revolutionized blood testing by developing methods that could use surprisingly small volumes of blood, such as from a fingerprick. By 2015, ''Forbes'' had named Holmes the youngest and wealthiest self-made female billionaire in America on the basis of a $9-billion valuation of her company. In the following year, as revelations of potential fraud about Theranos's claims began to surface, ''Forbes'' revised its estimate of Holmes's net worth to zero, and ''Fortune'' named her in its feature article on "The World's 19 Most Disappointing Leaders". The decline of Theranos began in 2015, when a series of journalistic and regulatory investigations revealed doubts about the company's technolo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Senate Election In Florida, 1974
The 1974 United States Senate election in Florida was held on November 5, 1974. Incumbent Senator Edward Gurney, a Republican, declined to seek a second term after being indicted for taking bribes in return for his influence with the Federal Housing Administration. The primary for the Republican nomination pitted Eckerd drug store owner Jack Eckerd against Florida Public Service Commissioner Paula Hawkins. Eckerd won handily, receiving approximately 67.5% of the vote. The Democratic primary, however, was a crowded field with eleven candidates vying for the nomination. Because no candidate received a majority of the votes, U.S. Representative Bill Gunter and Secretary of State of Florida Richard Stone advanced to a run-off election. Stone won by a small margin of 1.68%. Thus, Eckerd and Stone faced off in the general election. John Grady, a family physician and member of George Wallace's American Independent Party, performed exceptionally well for a third-party candidate. G ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Restraint Of Trade
Restraints of trade is a common law doctrine relating to the enforceability of contractual restrictions on freedom to conduct business. It is a precursor of modern competition law. In an old leading case of '' Mitchel v Reynolds'' (1711) Lord Smith LC said,'' Mitchel v Reynolds'' (1711) 1 P Wms 181 it is the privilege of a trader in a free country, in all matters not contrary to law, to regulate his own mode of carrying it on according to his own discretion and choice. If the law has regulated or restrained his mode of doing this, the law must be obeyed. But no power short of the general law ought to restrain his free discretion. A contractual undertaking not to trade is void and unenforceable against the promisor as contrary to the public policy of promoting trade, unless the restraint of trade is reasonable to protect the interest of the purchaser of a business.'' Nordenfelt v Maxim, Nordenfelt Guns and Ammunition Co'' 894AC 535 Restraints of trade can also appear in post-te ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Orlando, Florida
Orlando () is a city in the U.S. state of Florida and is the county seat of Orange County, Florida, Orange County. In Central Florida, it is the center of the Greater Orlando, Orlando metropolitan area, which had a population of 2,509,831, according to United States Census Bureau, U.S. Census Bureau figures released in July 2017, making it the List of Metropolitan Statistical Areas, 23rd-largest metropolitan area in the United States, the sixth-largest metropolitan area in the Southern United States, and the third-largest metropolitan area in Florida behind Miami and Tampa, Florida, Tampa. Orlando had a population of 307,573 in the 2020 census, making it the List of United States cities by population, 67th-largest city in the United States, the fourth-largest city in Florida, and the state's largest inland city. Orlando is one of the most-visited cities in the world primarily due to tourism, major events, and convention traffic; in 2018, the city drew more than 75 million v ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal Trade Commission
The Federal Trade Commission (FTC) is an independent agency of the United States government whose principal mission is the enforcement of civil (non-criminal) antitrust law and the promotion of consumer protection. The FTC shares jurisdiction over federal civil antitrust enforcement with the Department of Justice Antitrust Division. The agency is headquartered in the Federal Trade Commission Building in Washington, DC. The FTC was established in 1914 with the passage of the Federal Trade Commission Act, signed in response to the 19th-century monopolistic trust crisis. Since its inception, the FTC has enforced the provisions of the Clayton Act, a key antitrust statute, as well as the provisions of the FTC Act, et seq. Over time, the FTC has been delegated with the enforcement of additional business regulation statutes and has promulgated a number of regulations (codified in Title 16 of the Code of Federal Regulations). The broad statutory authority granted to the FTC provide ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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