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. 0000008424 00000 n "And so can you," they would tell the crowd. One representative pyramid venture, Dare to be Great, Inc., is de-scribed in SEC v. Glenn W Turner Enterprises, Inc. 8 . 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]. Turner, the son of a sharecropper, told people they could all be rich and successful like him if, that is, they made an investment in his multi-level marketing company. Turner, imprisoned in Arizona prison for fraud, has owed the IRS millions of dollars in back taxes for more than a decade, and the agency has succeeded in foreclosure proceedings against the property in Seminole County. [11] 1974 hearings before the Congressional Oversight panel of the Federal Trade Commission described Holiday Magic as a "Multi-level marketer of cosmetics", that used an "unfair and deceptive pyramid distribution scheme". [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. In re HOLIDAY MAGIC SECURITIES AND ANTITRUST LITIGATION., James J. Connect with the definitive source for global and local news. It's easy and secure. 0000002472 00000 n xref [13], The company was cited by the United States House of Representatives in a 1975 hearing[14] as an example of consumer fraud, again in 1977,[15] and in 1991, in a hearing by the House Committee on Small Business. In 2006 he published a book (To Beirut and Back - An American in the Middle East) dealing, in part, with his experiences. According to 2019 surveys done by the Pew Research Center, almost half of us say Americans are not as reliable as in the past. The guy at the top could make millions. "If anyone was hurt in our program, I am extremely sorry. trailer The purpose of this Note is to investigate the "Summary of Testimony and Findings and Conclusions Resulting from Hearings in New York on Drug Law. DeMuro, RG. This page was last edited on 18 February 2023, at 23:43. As Elizabeth Holmes gives way to Sam Bankman-Fried, who gives way to George Santos, its worth pondering why our society has embraced an ethos popularized by a huckster such as Turner. 0000003839 00000 n GLENN W. TURNER ENTERPRISES, INC., a Florida corporation, et al., Defendants. [1], In 1974, after almost 10 years in operation and tied to pyramid schemes and controversy, both Leadership Dynamics and Mind Dynamics ceased operations. NEWS RELEASE SUMMARYSeptember 1, 2021. But nowhere has the ethos of fake it found more fertile soil than in Silicon Valley, where the line between optimism and deceit can admittedly be a fine one. It didnt. Participants could pay $2,000 to be a supervisor or $5,400 to be a director. An interesting man, Glenn Turner, and Rudy Maxa, a Washington Post reporter, has an interesting problemwhat do you do with a con man who doesn't know he's a con man? Self-help culture took that to ludicrous places: Whatever the mind can conceive and believe, it can achieve, claimed wealth guru Napoleon Hill in Think and Grow Rich.. In the lawsuit, Avon Products' claimed that "Holiday Magic employees distributed leaflets accusing Avon of goon squads, paying off The District attorney's office.."[7], In June 1973, the United States Securities and Exchange Commission filed a lawsuit against Holiday Magic,[8] charging Patrick with "bilking some 80,000 people out of more than $250 million through his Holiday Magic cosmetics and soap empire. Best Match Powered by Whitepages Premium AGE 80+ Glenn Turner Houston, TX (Inner Loop) View Full Report Addresses Yoakum Blvd, Houston, TX "[7] Turner, attorney F. Lee Bailey, and eight others were also indicted by a federal grand jury on conspiracy and mail fraud charges. Two years later he founded Dare to be Great, a motivational program similar to the later Challenge. [17] Turner described it as one of the first "pyramid marketing" companies in America. If he never quite tells us what made Glenn Turner runthat is was he a con artist or merely an overeupeptic free enterpriser?no one else knew either, including perhaps Turner. Koscot Interplanetary. The Last Podcast on the Left, a podcast covering topics like serial killers, conspiracy theories, and cults, discussed Holiday Magic on a 2023 episode about David Miscavige. Warren., 497 F.2d 687., C.A.Wis. Pyramid schemes are inherently unstable and eventually must collapse. Mr. Maxa has missed very little about Turner's operations and the soueces of his appeal. 11106 (1975). <>stream TimesMachine is an exclusive benefit for home delivery and digital subscribers. PHOENIX, ARIZ. Glenn W. Turner, a farmboy who built and lost a multimillion-dollar financial empire with his pyramid sales schemes, lost his freedom Thursday. Its not clear who originated the exact wording of fake it till you make it, or how Turner and his followers adopted it. What does it mean for a nation to valorize faking it as a means to an end and is there any way for Americans to turn back? And as Turner understood, making lots of money will get you almost anything, including an invitation to lecture at the Harvard Business School. 0000037159 00000 n U.S. District Court documents in Orlando indicate there are dozens of other Turner creditors, but it is unlikely they will be paid from any proceeds from the Castles sale, officials said. Turner and his best. But Dougherty denied bond and ordered both men to begin serving their sentences immediately. Donate We found 28 records for Glenn Turner in Houston, Royse City and 15 other cities in Texas. But what he is actually selling, he . 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. High by today's standards but even more powerful based on the times. A few of their supporters cried as the sentences were read. The Challenge program was similar to Turners Dare to be Great program, which won him national attention during the late 1960s and early 1970s, the state attorney generals office said. The book has its lighter moments. 0000004799 00000 n Extensive notes. Glenn W Turner, who started in Network Marketing in the late 60s and you will be blown away by the income earnings that he shares from that time. (unrelated to Holiday Magic). 271 0 obj the Glenn Turner modification is a good one. The history of fake it till you make it offers a lesson here, if we want to heed it. 0000007782 00000 n They were convicted last month on charges of conspiracy, fraud and illegal pyramid sales in connection with their Challenge Inc. motivational program. "I think the court's ruling today put the final period in the final chapter of the book on Glenn Turner.". 0000002742 00000 n Turner barely escaped jail in 1975 when a federal jury in Florida was unable to reach a verdict after a nine-month fraud trial. As a subscriber, you have 10 gift articles to give each month. Lets fix that. ", United States Congress. Prosecutors said Challenge officials misled investors by telling them they would not have to put up their own money. This book may be edifying but, having long believed, considerable evidence to the contrary notwithstanding, that The People Is Not Dumb, I found it depressing. Dropping the creator of Dilbert is free speech at work, Ron DeSantis shows how not to run an education system, False Profits: Seeking Financial and Spiritual Deliverance in Multi-Level Marketing and Pyramid Schemes. Glenn W. Turner, a farmboy who built and lost a multimillion-dollar financial empire with his pyramid sales schemes, lost his freedom Thursday. . He subsequently bought exclusive rights for Middle East distribution of Holiday Magic cosmetics and formed his own company, Beauty Magic, in Beirut, Lebanon. 0000045154 00000 n One bought a cosmetics distributorship for $4,500 and became entitled to sell distributorships to others, pocketing a fat commission. [4], The Securities and Exchange Commission also filed a lawsuit in 1972 charging that Koscot's program should be considered a security and comply with securities laws and regulations. 235 0 obj The Glenn Turner court was confronted with the pyramid sales scheme of Dare to Be Great, Inc., a wholly owned subsidiary of Glenn W. Turner Enterprises, Inc. Ostensibly Dare sold through four "adven-tures" and one "plan" a motivation training course consisting of printed 256 pages. A list of over 350 print sources on paper chain letters and pyramid schemes. "[23] One of the Holiday Magic Inc. cases was also cited by The University of Chicago Law Review[24] and the Columbia Law Review. 0000001036 00000 n 2/10/75, p. 38) and Bestline . The IRS, which had a $15 million claim, has been awarded a judgment of $9.275 million, but appraisals put the value of the Turner property at $1 million to $2 million. [25] The Office of the State Attorney General in Maine, United States cites In re Holiday Magic, Inc., 84 F.T.C. But this salesman extraordinaire in flashy suits was once all but omnipresent in American life. <<7C981AD2C2A8B2110A00B0784D58FC7F>]/Prev 803466>> 0000041306 00000 n Lotstein said he doubted the money would ever be collected. 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. Turner would emerge under a banner reading "Dare to Be Great" and vacuum up money through a pyramid marketing scheme based on selling motivational tapes containing the secret of getting rich. 0000007360 00000 n Marjoe knew, Clifford Irving knew, but Mr. Maxa, who doesn't seem to be just anybody's fool, honestly believes that Turner honestly believed that he was honest. Jurors found them innocent of 27 counts of securities violations involving Challenge Inc., a motivational company. WASHINGTON, May 17 The Securities and Exchange Commission asked a Federal District Court today to halt the sale of Glenn W. Turner's pyramid franchising scheme on the ground that it is. Mr. Maxa has the newspaper reporter's habit of cramming in information wherever it will fit, whether apposite or no. In August 1972, he was charged with "86 counts of sale of unregistered securities and failing to register as a dealer". (As for The Apprentices more famous host Donald Trump, a nepo baby who cosplayed a successful mogul on the show we all know how that turned out.). No surprise, trust is cratering. Dougherty said he had received "hundreds" of letters in support of Turner. v. Robert W. Warren et al. 1. When a federal judge lumped together 1,000 of those lawsuits into a single class-action suit seeking nearly $1 billion, Turner went bankrupt. [16] Katz's Everybody's Business: An Almanac also referred to Holiday Magic as a "pyramid sales organization". We are forever suspicious, convinced someone else wants to profit at our expense. 0000006933 00000 n .to various charitable organizations. While prosecutors and defense attorneys haggled over legal issues for an hour before the sentencing, Turner, wearing a blue suit, boots and a shirt with a wrinkled collar, yawned and winked at more than 20 friends and supporters in the courtroom. He then started two multi-level marketing companies, Koscot Interplanetary, selling cosmetics, and Dare to Be Great, selling motivational and self-improvement courses. But Turner seems to have genuinely convinced himself he was offering the little people a splendid opportunity. The premise of Koscot was that participants could sell cosmetics door-to-door or at parties. Glenn Turner's Winter Park castle currently is for sale for $1.8 million. [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. 58.95. "Holiday Magic Inc.: An Anatomy of a Scam", United States Securities and Exchange Commission, MLM Law - Lawyer Grimes & Reese PLLC - Attorney Specializing in Multilevel Marketing - HOLIDAY MAGIC, INC., ORDER, ETC., IN REGARD TO ALLEGED VIOLATION OF SEC. But that came later. What a fine madness it was, the heyday of Dare to Be Great. "Equal Credit Opportunity Act Amendments and Consumer Leasing Act-1975., Hearings, United States Congress. [28] The Mind Dynamics course was described as providing "a means of achieving personal success through the conscious use of the subconscious mind". A Maricopa County Superior Court jury convicted Turner and Rector Tuesday on charges that they promoted a pyramid scheme, similar to chain letters, with their motivational company Challenge. Rector said the men -- Douglas Beekman of Apopka and Richard Mailman of Altamonte Springs -- never voiced such a concern to him. [7] He told reporters as he was led away to jail: The good that I have done outweighs the bad. PHOENIX Glenn W. Turner, creator of the "Dare to Be Great" motivational plan, surrendered to Arizona authorities today to face 126 counts of fraud and other charges after waiving extradition. 2(a) OF THE CLAYTON ACT Docket 8834 (1974), MLM Law - Lawyer Grimes & Reese PLLC - Attorney Specializing in Multilevel Marketing - Marshall v. Holiday Magic, Inc. (1977) 550 F.2d 1173, Door to Door Selling, Pyramid Selling, Multilevel Marketing, "L.A. Con Artist Behind Alleged Electricity Scam: Pyramid scheme linked to coming deregulation", "First Amendment Protection for Commercial Advertising: The New Constitutional Doctrine", "The Chaos of Multilevel Marketing and Pyramid Sales Laws: A Federal Remedy", In Re Koscot Interplanetary Inc., 86 F.T.C. ", Dougherty said he also took into account that Turner "has on a consistent basis and a generous basis contributed large sums of money . Employing a pyramid selling scheme and an evangelical, downhome platform style, Turner cajoled thousands of ordinary folks into putting up varying amounts, in return for which they would sell Turner's beauty products. Under this type. Unfortunately, the multi-level cosmetic company became entangled in numerous legal difficulties and went out of business in the . 0000009459 00000 n The con artist became a business model, says Micki McGee, author of Self-Help, Inc. Its only in a market-worshiping economy that you can say defrauding people in the interest of profit would somehow be okay.. 72-390. I have remorse for these people that did not benefit by what we set out to do. The distributors could make thousands. 5 OF THE FEDERAL TRADE COMMISSION ACT AND SEC. ". [9] The FTC found that Holiday Magic was in violation of section 5 of the Federal Trade Commission Act, and section 2 (a) of the Clayton Antitrust Act. The two men told Dougherty before sentencing that they never intended to break the law. Just when one has about decided there is little more one wants to know about the harelipped sharecropper's son, the book changes focus to the years of various legal proceedingssecurities irregularities, mail fraud, obtaining money through false pretensesthat finally stopped the unstoppable Turner. Box 1. [12] Holiday Magic was also labeled a "pyramid scheme" and a "multi-level distributorship" by the United States Bureau of Domestic Commerce, in their 1976 published book: Crimes Against Business: A Management Perspective. SAN DIEGOGlenn Arcaro of Los Angeles pleaded guilty today in federal court for his participation in a massive conspiracy involving BitConnect, a cryptocurrency investment scheme, which defrauded investors from the United States and abroad of over $2 billion. After more than a decade of court cases, Turner was convicted in 1987 for running a Ponzi scheme. [12] The indictment said that Bailey had appeared in a film made for Turner's organization and had appeared with Turner at several rallies. Two dwarfs would hop out and unroll a red carpet. I didn't take it seriously because I was running for . However from a technical perspective, there are differences in the way the two types of schemes operate. Charges were then dropped against Bailey. [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. Originally the organization distributed goods such as home-care products and cosmetics. Those in the positions of Instructor General, Trainer General, and Senior General were required to take the training. Maricopa County Superior Court Judge. 0000000016 00000 n But the notion that you can fake it until you make it began to spread through multi-level marketing efforts such as Turners, where studies show few earn a profit and deception is rife. Annotated bibliography on chain letters and pyramid schemes. [5] Though he claimed Leadership Dynamics was a separate company, "..in no way related to Holiday Magic, Inc.", Gene Church pointed out many inconsistencies in this statement, in his book The Pit: A Group Encounter Defiled. 1973), participants in a pyramid sales scheme were found to be security holders, since they invested their funds in a common scheme dependent for success directly upon the collective sales efforts of the organization. Glenn W. Turner is now all but forgotten. He was featured in an 11-page article in Life magazine in 1971,[8] and was reportedly worth $300 million at the time. If it can happen to Charles Colson, folks, you gotta believe. Glenn W. Turner is now all but forgotten. Turner, the son of a South Carolina sharecropper and a self-styled country boy, rose to fame in the early 1970s through inspirational speeches that promised great wealth if people bought distributorships in his operations. Civ. Rector's only asset is his house, and his only income a $200-a-month military pension, the investigation found. Yes, the ethos can lead to success, as long as you actually have the goods and the skills. @D[cnS: lRORRXtkLrr)==mFdQMmnM'tv6KM;J_O3 +F:C+4i[k}d 0000003563 00000 n Today, the phrase is also a way to push back on the feelings of self-doubt we call impostor syndrome, or to put forward an advantageous personal or professional confidence we might not entirely feel. Lawyers for Turner and Rector asked Dougherty to let their clients remain free while they appealed their convictions. 0000008799 00000 n Turner was a former sewing machine salesman and son of a South Carolina sharecropper and an unwed mother, born with a cleft palate and a hair lip, who dropped out in the eighth grade, did a short stint in the U.S. Air Force before successfully finishing a school for those who had dropped out of high school. One of them was Bob Hattaway, a former state legislator from Altamonte Springs who came to Arizona to testify for Turner. 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. This is a good little book about an earnest con artist who ripped off the American public for $75 million. that our program was a crime," he said. Dougherty then passed sentence, despite receiving hundreds of letters in support of Turner. "The Role of Small Business in Franchising, Hearings Before the Subcommittee on Minority Small Business. Although Turner did eventually get some cosmetics on the market, the pyramid idea was always at the heart of his operation, accounting for $75 million of its total $115 million in sales; and he started a second company, merchandising a howtobeasuccess course called Dare to Be Great on the same principle. Koscot Interplanetary was a company from Orlando, Florida, selling mink oil-based cosmetics and was started by Glenn W. Turner in 1967. But his empire collapsed after state and federal investigators accused him of operating pyramid schemes that bilked thousands of investors. "[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. The Glenn Turner court was confronted with the pyramid sales scheme of Dare to Be Great, Inc., a wholly owned subsidiary of Glenn W. Turner Enterprises, Inc. Ostensibly Dare sold through four "adven-tures" and one "plan" a motivation training course consisting of printed [5], The State of California filed suit against Holiday Magic in December, 1972. Unsatisfied investors also filed lawsuits. What happened? A nine-month trial ended in a hung jury. 0000000016 00000 n 0000004278 00000 n According to a presentence investigation, Turner, who has been living in North Carolina, is broke and has no assets or income. Before the IRS gets its share, Seminole County has the right to collect $16,900 in unpaid property taxes for 1987, said county Tax Collector G. Troy Ray. %PDF-1.7 % [15] Larry Stephen Huff, another key individual in the company, served two years in a Federal Prison, for charges related to a Ponzi scam (unrelated to Holiday Magic).[21]. It all carne tumbling down eventually. The Dream, a podcast about multi-level marketing, discussed Holiday Magic and William Penn Patrick. 5616. Assistant U. S. Attorneys Daniel C. Silva, Mark W. Pletcher, Lisa Sanniti and Carl Brooker. . "It is hard for me to believe . "They come from preachers, lawyers, housewives, plumbers, carpenters," Dougherty said. %%EOF Anyone can read what you share. Koscot was founded in 1967. Select the best result to find their address, phone number, relatives, and public records. Occasionally the digitization process introduces transcription errors or other problems; we are continuing to work to improve these archived versions. Turner and his best friend, Edward G. Rector, were each sentenced to seven years in state prison. Well, it was never really worth all that, and when blizzard of Federal and state charges of fraud, securities irregularity and other actions drove him nearly into bankruptcy, he ended up selling one of his companies for $15,000. Both stood with their hands folded behind their backs as Dougherty announced the prison terms. Mailman and Beekman, who pleaded guilty to one count each of violating pyramid laws, will be sentenced next month. Patrick bought all of the cosmetics supplies for $16,250, and founded Holiday Magic, Inc. After the purchase, Patrick began selling distributorships in his new company. <>stream 235 37 [6], In February 1973, Holiday Magic was sued for calumny by Avon Products. JrsJk**j;{:[Z{&N. Turner and Rechtor, who also received seven years, were convicted in July of 19 counts of conspiracy, fraud and promoting a pyramid scheme. 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. 0000001791 00000 n torture involving a mouse that was supposed to eat a recalcitrant witness's heart (Good Lord! Schemes, lost his freedom Thursday good little book about an earnest con artist who ripped off American. To seven years in state prison '' they would tell the crowd good that I have remorse for these that. Mr. Maxa has the newspaper reporter 's habit of cramming in information wherever it will fit whether. 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