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A hundred million via his website development enterprise, The Income Store, which federal prosecutors alleged was a Ponzi scheme. The jury verdict adopted a seven-day criminal trial in Chicago federal court docket. A separate civil complaint filed by the Securities and Alternate Fee towards Courtright and The Earnings Retailer is ongoing. The scheme started in January 2017, with The Income Store marketing its web site investment offering via radio and on-line adverts, according to the criminal complaint. One hundred,000 or extra in upfront fees for buying, developing and working an assortment of business websites, with guaranteed annual returns of thirteen% to 20% in a income-sharing agreement. 9 million in advertising and product sales revenue through October 2019 — far less than The Income Retailer paid to buyers over the identical time, in line with the federal complaints.

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