FTC Sues Music Site
06/13/07
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(CMJ) The Federal Trade Commission (FTC) filed a lawsuit on June 5 against several operators of the online music retailer BurnLounge.com, claiming that the website, which allows subscription-paying members to sell albums from personalized profiles called "Burnpages" in exchange for a small commission, is a pyramid scheme. The recent move by the FTC comes on the heels of a year-long investigation by the state of South Carolina into BurnLounge's questionable business practices. A majority of the site's profits, according to the FTC, stem not from sales of digital music, but from exorbitant subscription fees, which range from $30 for a basic membership to $600 for "Mogul" status and selling privileges.[see full story for more] - Click here for the Full Story
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