New York - Digital music store technology provider BurnLounge, which last week was branded a pyramid scheme in a complaint filed by the Federal Trade Commission (FTC), announced on Thursday a "simplification of its business model" to address the FTC's concerns.

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.