Arkansas - Consumers' Buyline, Inc.

National Association of Attorneys General Consumer Protection Report, February 1993
Section: Financial and Investment Fraud; Pg. 20

Attorney General Winston Bryant recently announced that his office has entered into a consent decree with Consumers' Buyline Inc., [(Keith Raniere founder and President)], to settle charges that it operated an illegal pyramid under state law.

Under the settlement, the company agreed to pay $245,000 in attorneys' fees and to offer refunds to consumers. According to the Attorney General, the company misrepresented the value of its services to prospective participants.

The company agreed, however, to alter its structure to prevent the possibility of consumers paying for the chance to recruit others into the alleged scheme.

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