[28] Holiday Magic distributors were invited, though not required, to attend the Leadership Dynamics Institute self-improvement sessions at a cost of $1000 each. Glenn W. Turner, a farmboy who built and lost a multimillion-dollar financial empire with his pyramid sales schemes, lost his freedom Thursday. See the article in its original context from. Originally the organization distributed goods such as home-care products and cosmetics. 0000004278 00000 n
But it draws on older strains in American life, marrying psychological concepts on how to change human behavior with the positive-thinking self-help culture that might as well be Americas unofficial state religion. [5], The State of California filed suit against Holiday Magic in December, 1972. Although Turner was never convicted of a criminal charge, he received probation in a mailfraud case after arranging with the prosecution to plead no contest to a lesser charge. As Mr, Maxa notes, Americans have always had a weakness for successful rogues. 0000004799 00000 n
"The Role of Small Business in Franchising, Hearings Before the Subcommittee on Minority Small Business. of plan, which will be referred to as the Glenn Turner or multi-level distributorship scheme, the promoters offer to the public a series of contracts called "Adventures." 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. 0000010114 00000 n
235 37 0 The good that I have done outweighs the bad. 0000003839 00000 n
New York: William Morrow & Co. $8.95. Turner's fame and wealth was to be an inspiration for others to buy franchises so that "they could all be rich and successful like him". 1975, P. 304., Hearings on S. 483, 1900, 1927, and 1961, and H.R. Since many of them were enmeshed as much by greed as by hope, one's sympathy is tempered. "And so can you," they would tell the crowd. the Glenn Turner modification is a good one. C-74-1067-LHB., No. 748 as an example of pyramid schemes. Occasionally the digitization process introduces transcription errors or other problems; we are continuing to work to improve these archived versions. 0000006933 00000 n
[11], In 1973, a federal judge in Pittsburgh combined more than 1,000 lawsuits by unhappy Koscot investors and regulatory officials into "a single class-action lawsuit seeking more than $900 million. Turner packaged this dubious enterprise with a religious fervor that would make Billy Sunday look like the Archbishop of Canterbury. It's easy and secure. 1. what would happen when these distributorships reached the saturation point, when there was no one left to buy a distributorship, and so many people selling cosmetics that it was impossible to recover the large investment from the small cosmetics commissions? 0000000016 00000 n
Glenn W. Turner, 53 years old, was sentenced along with Edward G. Rechtor by Superior Court Judge Bernard J. Dougherty. 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. %PDF-1.6
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Warren., 497 F.2d 687., C.A.Wis. Lotstein said he doubted the money would ever be collected. But perhaps the most accurate description of Turner's victims was that of some cynical lawyers at the Securities and Exchange Commission who referred to them as Thalidomides.. Ward, et al. But the real bait was the right to sell the righttosell to other suckers on the principle of a chain letter. 0000007360 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. IT WOULD BE impossible to write a book about the sales empire of Glenn Turner without invoking H. L. Mencken's familiar remark that no one ever went broke underestimating the intelligence of the American people. (Javice has denied the banks claims.) startxref 0000009459 00000 n
84 F.T.C. 124., July 6, 1977. House Permanent Select Committee on Small Business., 1973, P. 127, 137, 157, 203. Thus one gets sentences such as Meanwhile, in a downtown Frankfurt prison, thirtyeightyearold Turner astounded a U.S. State Department official who visited his cell to explain that the British had requested his arrest on possible charges of fraud in England. Fine time to find out Turner's age. PHOENIX, Ariz. -- Promoter Glenn Turner, who became a millionaire through self-motivation businesses, was sentenced with his business partner to seven years in prison Thursday for defrauding. 2/10/75, p. 38) and Bestline . But as Turners saga shows, theres a dark side baked into the fake it mentality: the fakers who attempt to win success through fraud, then never make good on their promises. They drove new Cadillacs and wore alligator shoes. "I think the court's ruling today put the final period in the final chapter of the book on Glenn Turner.". Charges were then dropped against Bailey. Its backed by no government, is all but impossible to use and serves no legal need. He seems to have been equal parts P. T. Barnum, Horatio Alger, snake oil salesman and evangelist. The purpose of this Note is to investigate the [7] He told reporters as he was led away to jail: The good that I have done outweighs the bad. [3] Two years later he founded Dare to be Great, a motivational program similar to the later Challenge. 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. However from a technical perspective, there are differences in the way the two types of schemes operate. There, it appeared as a way for people in recovery to project themselves forward into a more sober future. Referring to Charles Ponzi, who earlier this century put together a huge investment swindle that still bears his name, Lotstein said, "I imagine there are still people that feel that Mr. Ponzi was doing good for the world. In 1967 Turner borrowed $5,000 to start his Koscot Interplanetary Inc., a cosmetics firm in which distributors could sell other distributorships for commissions. The guy at the top could make millions. The sentencing of Dare to be Great supersalesman Glenn Turner, convicted of operating an illegal pyramid scam in Arizona, has been delayed for a week. 0000003563 00000 n
endobj ", Nevertheless, Dougherty said, the men deserved prison terms because "some of these victims suffered great emotional and financial harm by your actions.". Lotstein said 202 Arizona residents participated in the program. trailer 0000006933 00000 n
Jurors found them innocent of 27 counts of securities violations involving Challenge Inc., a motivational company. 0000002742 00000 n
Mr. Turner's business, osten sibly, is cosmetics, the keystone product in a bizarre conglom erate called Glenn W. Turner Enterprises, Inc. ={w5d[#"zM#h:.d\r,&4*
76I\@yH'H}T4idJq$nVsL(sXk TN4%8k;|PqK+I:p*K"&Z{Z;o;}X8z}r%. Prosecutors said Rector and Turner also failed to warn investors that Challenge had been sued and was facing large judgments. [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. [26] Faltinsky described Holiday Magic as "..the largest pyramid scam of all time.."[27], In 1967, William Penn Patrick wrote a booklet, entitled Happiness and Success through Principle, and founded Leadership Dynamics based on those principles. . 0000007782 00000 n
Unfortunately, the multi-level cosmetic company became entangled in numerous legal difficulties and went out of business in the . Mr. Turner and Mr. Rechtor, who also received seven years, were. 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. Glenn Turner's Koscot charges $2,000 for the right to distribute "kosmetics." Holiday Magic (Bus. Pyramid schemes are inherently unstable and eventually must collapse. Anyone can read what you share. 0000001791 00000 n
"[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. [1] It became entangled in numerous legal difficulties and went out of business in the 1970s.[2]. 235 0 obj Eventually, the truth comes out. Box 1. Mr. Maxa has the newspaper reporter's habit of cramming in information wherever it will fit, whether apposite or no. He subsequently bought exclusive rights for Middle East distribution of Holiday Magic cosmetics and formed his own company, Beauty Magic, in Beirut, Lebanon. 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. A few of their supporters cried as the sentences were read. (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. Illustrated. [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. endstream
endobj
166 0 obj
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A technicality of the law is what got me.[1], Turner passed away in his home in Lake Mary, Florida, on 8 January 2020[13] with a much lower profile than during the peak of his success.[14]. .to various charitable organizations. 0000045154 00000 n
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During the eight-week trial, however, two former top Turner aides testified that Challenge officials knew their operation was illegal. Koscot Interplanetary. Wk. Our intent was never to go out and commit a criminal act., Later, as he was leaving the courtroom in handcuffs, Turner told reporters, I think history will tell what I really was. 0000032500 00000 n
v. Robert W. Warren et al. [3] An estimated 70 companies (as of 1972)[4] were owned by Turner (owned by Glenn W. Turner Enterprises, Inc.):[1] Dare to Be Great, which sold motivational and self-improvement courses, and also functioned as a multi-level marketing company;[5] Turner had also briefly worked for Holiday Magic, another multi-level marketing company that sold home-care products and cosmetics, and through related companies sold self-improvement programs. 0000004119 00000 n
0000002472 00000 n
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