Alex Arnold

CEO of Music Store BurnLounge, Target of FTC Probe, Resigns

Authored by Mark Hefflinger on June 18, 2007 - 1:42pm.

New York - BurnLounge, a service that lets fans create their own music stores that the Federal Trade Commission (FTC) last week branded a pyramid scheme and is seeking to shut down, announced on Monday that CEO Alex Arnold has resigned.

FTC Says Digital Music Store BurnLounge is Pyramid Scheme

Authored by Mark Hefflinger on June 13, 2007 - 11:13am.

Washington - The Federal Trade Commission (FTC) has filed a complaint in a California federal court against BurnLounge, alleging the digital music store is in fact an illegal pyramid scheme.

BurnLounge Adds Social Networking Feature, Free Stores to Service

Authored by Scott Goldberg on March 14, 2007 - 7:01am.

Austin, TX – BurnLounge, a digital music service that lets customers create their own digital stores and sell music, has announced the launch of BL2, its new digital download and entertainment software, and BurnPages, a social networking feature. The company also announced in a press release that customers will be able to open digital music stores for free, a departure from its pay-as-you-go model.