Home Business The Income Store’s 3,300 websites to be auctioned in effort to recover millions for investors in alleged Ponzi scheme

The Income Store’s 3,300 websites to be auctioned in effort to recover millions for investors in alleged Ponzi scheme

by staff

The Income Store took in $144 million from investors over three years before it was shut down by federal authorities, but paid out no more than $40 million, Damian said. Courtright allegedly spent some of the funds to pay his mortgage and school tuition for a family member. As of March 31, the receiver had recovered about $104,000 in cash from The Income Store’s business operations, according to court filings.

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