Grant Johnson

Labeled Pyramid Scheme by FTC, BurnLounge Changes Biz Model

Authored by Mark Hefflinger on June 21, 2007 - 2:30pm.

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.

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.