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. Under this type. 0000001660 00000 n Turner, 53, created a $300 million empire in the 1970s by selling distributorships in his Dare to be Great and Koscot International companies. <<7C981AD2C2A8B2110A00B0784D58FC7F>]/Prev 803466>> In 1964, after a bankruptcy and several business failures, Patrick (age 33) was walking by a garage in San Rafael, California, and noted that fruit-scented cosmetics were being sold. But the real bait was the right to sell the righttosell to other suckers on the principle of a chain letter. Glenn W. Turner, 53 years old, was sentenced along with Edward G. Rechtor by Superior Court Judge Bernard J. Dougherty. 0 "[23] One of the Holiday Magic Inc. cases was also cited by The University of Chicago Law Review[24] and the Columbia Law Review. xref The history of fake it till you make it offers a lesson here, if we want to heed it. Wk. [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. [7] As one news story put it: .mw-parser-output .templatequote{overflow:hidden;margin:1em 0;padding:0 40px}.mw-parser-output .templatequote .templatequotecite{line-height:1.5em;text-align:left;padding-left:1.6em;margin-top:0}, Think about it: One person could sell 10 distributorships, and each of the 10 could sell 10 more, and so on. 0000037334 00000 n A technicality of the law is what got me., But Barnett Lotstein, an assistant state attorney general who helped prosecute the case, said the sentences satisfied the interest of justice.. At the same time, the federal government became less likely to prosecute obvious malfeasance. Koscot Interplanetary was a company from Orlando, Florida, selling mink oil-based cosmetics and was started by Glenn W. Turner in 1967. Glenn W. Turner worked briefly for Holiday Magic in 1966. But this salesman extraordinaire in flashy suits was once all but omnipresent in American life. This is a good little book about an earnest con artist who ripped off the American public for $75 million. The guy at the top could make millions. hb```e`` /`"\}!5|Z1O(s@Tu4t5UL- M-\\mm||=C#cbC"R32S Civ. And we need to be less credulous and stop falling for the next shiny thing. Glenn Turner was, as he liked to tell anyone within earshot of his pitch, sharecropper's son 'and a gradeschool dropout and had a harelip (albeit corrected by surgery) who had lifted himself. %PDF-1.7 % 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. [1] Distributors for Holiday Magic, who took the course, have considered it as a Holiday Magic Business expense. Connect with the definitive source for global and local news. Thus one gets sentences such as Meanwhile, in a downtown Frankfurt prison, thirtyeightyearold Turner astounded a U.S. State Department official who visited his cell to explain that the British had requested his arrest on possible charges of fraud in England. Fine time to find out Turner's age. . 0000003297 00000 n that our program was a crime," he said. TimesMachine is an exclusive benefit for home delivery and digital subscribers. 0000043655 00000 n They were convicted last month on charges of conspiracy, fraud and illegal pyramid sales in connection with their Challenge Inc. motivational program. The two men told Dougherty before sentencing that they never intended to break the law. We found 28 records for Glenn Turner in Houston, Royse City and 15 other cities in Texas. What a fine madness it was, the heyday of Dare to Be Great. C-74-1067-LHB., No. @D[cnS: lRORRXtkLrr)==mFdQMmnM'tv6KM;J_O3 +F:C+4i[k}d In the end, Turner was saved by New Orleans evangelist, known as the Chaplain of Bourbon Street, who also pointed the way to fiscal salvation by introducing Turner to his own business managera former minister himself. There being no provision in either law or morality for fraud without intent, it's hard to figure out what that makes Glenn Turner. He then started two multi-level marketing companies, Koscot Interplanetary, selling cosmetics, and Dare to Be Great, selling motivational and self-improvement courses. 0000002201 00000 n Targets for citations in Chain Letter Evolution. [1] To form the pyramids of success, many directors, larger numbers of supervisors, salespeople and still more customers were needed. [10] The FTC's decision on Koscot set a precedent for defining if a company is engaging in illegal pyramiding. [22] According to the Duke Law Journal: "Illegality permeated every facet of the promotion of the Holiday Magic marketing program. As far as Ive been able to discover, these are among the first times that this now commonplace phrase received prominent mention in the media. The company had been investigated by the Market Court of Sweden,[3] United States Securities and Exchange Commission, the Federal Trade Commission, and the State of California. [25] The Office of the State Attorney General in Maine, United States cites In re Holiday Magic, Inc., 84 F.T.C. endstream endobj 165 0 obj <>stream 0000003018 00000 n 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. "They come from all over this country and abroad. JrsJk**j;{:[Z{&N. The state officer who conducted Turner's investigation noted, "Mr. Turner has demonstrated to this officer an uncanny ability to confuse issues and extend compliments.". The main portion of the building is wide and round, while the top features a design that is fort-like in nature. ,'nuG>wP6T7:"K3'G9U "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. 11106 (1975). As we transitioned from a society that manufactured things to one whose products were intangible, reality was increasingly in the eye of the beholder or the pitchman. 0000005760 00000 n [5][29], William Penn Patrick bought Mind Dynamics in 1970. Turner and a partner, Edward Rector, 57, were sentenced to seven years in prison in Arizona in August on charges of operating a pyramid scheme there and defrauding investors through a self-motivational company called Challenge Inc. Connect with the definitive source for global and local news. ", Dougherty said he also took into account that Turner "has on a consistent basis and a generous basis contributed large sums of money . 84 F.T.C. )[6] In re HOLIDAY MAGIC SECURITIES AND ANTITRUST LITIGATION., James J. On May 16, 1974, a compromise settlement with approximately 31,000 class members, establishing a trust fund worth $2,600,381, was approved by the court. "Challenge had a positive effect on all of our lives," said one woman who was crying in the hallway outside the courtroom. The saying became so pervasive in Amway that it would be the title of a 1980s expos by Phil Kerns. uOf2v]IM{7\~CPWb=sVX\IQ2ec )^y&wM9t>5YO! It is a story that will finally end Thursday in Phoenix, Arizona, where Turner, who turns 53 on Wednesday, faces a potentially long prison sentence for the fraud convictions last month that. PHOENIX, Ariz. (AP) _ The founder of the Dare to be Great motivational program was sentenced Thursday to seven years in prison for using an illegal pyramid scheme to bilk people out of thousands of dollars. . Turner, 57, served nearly two-thirds of a seven-year term in Arizona for fleecing investors in a scheme for distributing motivational tapes. the Glenn Turner modification is a good one. 0000003839 00000 n [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". ORLANDO, Fla. (AP) _ A three-story, 16-room castle owned by onetime motivational entrepreneur Glenn Turner is going on the auction block, with the Internal Revenue Service and other creditors splitting the proceeds. 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. (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.). ". 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. The book has its lighter moments. Glenn Turner's Winter Park castle currently is for sale for $1.8 million. 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. Turner himself offers one cautionary tale. 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. 0000004119 00000 n He seems to have been equal parts P. T. Barnum, Horatio Alger, snake oil salesman and evangelist. According to 2019 surveys done by the Pew Research Center, almost half of us say Americans are not as reliable as in the past. 0000023769 00000 n 0000001769 00000 n Charges were then dropped against Bailey. The sentencing of Dare to be Great supersalesman Glenn Turner, convicted of operating an illegal pyramid scam in Arizona, has been delayed for a week. One of them was Bob Hattaway, a former state legislator from Altamonte Springs who came to Arizona to testify for Turner. 748 as an example of pyramid schemes. United States Senate election in Florida, 1974, "Meet the con man who sold America on 'fake it till you make it', "Dare to be Great, Inc! PHOENIX, Ariz. -- Promoter Glenn Turner, who became a millionaire through self-motivation businesses, was sentenced with his business partner to seven years in prison Thursday for defrauding. Corbins office won a civil case against Turner over Challenge in 1983, ordering him to pay $1.5 million in restitution and $1 million in penalties. Private investors also have claims against the property for $200,000 in tax certificates, under which they paid the taxes and earn 18 percent interest until the property is sold and the tax amounts are paid back to them.. Turner and his family havent paid property taxes since 1979, but investors bought tax certificates equal to the back taxes each year. 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. Turner barely escaped jail in 1975 when a federal jury in Florida was unable to reach a verdict after a nine-month fraud trial. Turner, though, had hired a lawyer for his sentencing Thursday. 1. 0000000016 00000 n 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 $2 billion. <<7C981AD2C2A8B2110A00B0784D58FC7F>]/Prev 803466>> 0000001769 00000 n https://www.nytimes.com/1977/02/20/archives/dare-to-be-great-a-sincere-con-man.html. Both stood with their hands folded behind their backs as Dougherty announced the prison terms. Best Match Powered by Whitepages Premium AGE 80+ Glenn Turner Houston, TX (Inner Loop) View Full Report Addresses Yoakum Blvd, Houston, TX As Elizabeth Holmes gives way to Sam Bankman-Fried, who gives way to George Santos, its worth pondering why our society has embraced an ethos popularized by a huckster such as Turner. Glenn W. Turner, 53, was sentenced along with Edward G. Rechtor by Superior Court Judge Bernard J. Dougherty, who said he had received scores of letters on behalf of the two Goldenrod, Fla., men. He first pushed cosmetics and later a motivation course called Dare to Be Great. Turner pleaded guilty to a misdemeanor fraud charge in return for a probation sentence. No surprise, trust is cratering. The Last Podcast on the Left, a podcast covering topics like serial killers, conspiracy theories, and cults, discussed Holiday Magic on a 2023 episode about David Miscavige. ={w5d[#"zM#h:.d\r,&4* 76I\@yH'H}T4idJq$nVsL(sXk TN4%8k;|PqK+I:p*K"&Z{Z;o;}X8z}r%. 0 Stewart was behind the societal curve. Ward, et al. What Turner really sold was hope, which is the stock in trade of others beside pyramid sales pushers. 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. Its not clear who originated the exact wording of fake it till you make it, or how Turner and his followers adopted it. 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. 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. "[1], Sales Dynamics was another program of instruction for pay available to Holiday Magic Distributors to help them in their business activities. 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. Sign up for a weekly roundup of thought-provoking ideas and debates. This page was last edited on 18 February 2023, at 23:43. Turner, the son of a sharecropper, told people they. However, the focus of the company was more about selling distributorships than cosmetics. [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. Warren., 497 F.2d 687., C.A.Wis. Turner and his best friend, Edward G. Rector, were each sentenced to seven years in state prison. In August 1972, he was charged with "86 counts of sale of unregistered securities and failing to register as a dealer". Committee on Banking, Housing and Urban Affairs. Senate. Koscot Interplanetary. At the meeting Turner's proteges would run to the stage in their flashy suits and fancy shoes, with $100 or even $1,000 bills pinned to their lapels. 0000002742 00000 n 0000001036 00000 n No. We dont trust the government, media or big business. <> 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. Turner had a talent for making people believe in him. 0000006933 00000 n Glenn W. Turner, a farmboy who built and lost a multimillion-dollar financial empire with his pyramid sales schemes, lost his freedom Thursday. Turner and his best. [1], Pyramid schemes being illegal, Koscot became involved in substantial litigation from government agencies and Koscot's customers. He then started two multi-level marketing companies, Koscot Interplanetary, selling cosmetics, and Dare to Be Great, selling motivational and self-improvement courses.[30]. : A Case Study of Pyramid Sales Plan Regulation", "Glenn Turner, Empire Toppled, Trying Again to Sell Motivation", "Glenn Turner -- Out Of Luck; Fraud Sentencing May Be His Day Of Reckoning", "Koscot Cosmetics Accused Of Illegal Business Actions", "Koscot and Turner Cited in Complaint Filed by the S.E.C. [30] In popular culture [ edit] DeMuro, RG. Investment of $5,000. But Dougherty denied bond and ordered both men to begin serving their sentences immediately. The distributors could make thousands. A few of their supporters cried as the sentences were read. Company distributors were encouraged to recruit other distributors in a multilevel marketing structure, which was later characterized as a pyramid scheme. 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. But his empire collapsed after state and federal investigators accused him of operating pyramid schemes that bilked thousands of investors. Citation Needed, a podcast, has an episode about William Penn Patrick (and Holiday Magic). Lawyers for Turner and Rector asked Dougherty to let their clients remain free while they appealed their convictions. For more information, visit the listing at bit.ly/2mgnmna. 0000031782 00000 n As he was led off to jail, he told reporters: The good that I have done outweighs the bad. Mr. Maxa has missed very little about Turner's operations and the soueces of his appeal. "All you have to do is believe it."[7]. The government says Turner owes tens of millions of dollars in taxes and judgments, which have hopelessly tangled the ownership of his partially completed castle on a lake in south Seminole County. Turner packaged this dubious enterprise with a religious fervor that would make Billy Sunday look like the Archbishop of Canterbury. In 1967 Turner borrowed $5,000 to start his Koscot Interplanetary Inc., a cosmetics firm in which distributors could sell other distributorships for commissions. 0000008424 00000 n 0000004278 00000 n And as Turner understood, making lots of money will get you almost anything, including an invitation to lecture at the Harvard Business School. [7] Disillusioned recruits testified against Turner or his companies, and one judge cited the phrase ('fake it until you make it') as evidence of malfeasance. By the spring of 1969, Turner was living in a large home on Lake Maitland near Orlando Florida, and "had eight Cadillacs and a Rolls-Royce, three Learjets and a closetful of tailor-made suits and alligator shoes". 0000006135 00000 n 0000045154 00000 n [5], The State of California filed suit against Holiday Magic in December, 1972. "[7] Turner, attorney F. Lee Bailey, and eight others were also indicted by a federal grand jury on conspiracy and mail fraud charges. Prosecutors said Challenge officials misled investors by telling them they would not have to put up their own money. 0000041122 00000 n The election of Ronald Reagan marked the beginning of an era of worshiping wealth, one in which more and more people came to believe that anything that made money was by definition a success. ", United States Congress. I didn't take it seriously because I was running for . According to a presentence investigation, Turner, who has been living in North Carolina, is broke and has no assets or income. 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? 0000002472 00000 n Mr. Maxa, Washington Post reporter, describes this ripe chapter in the annals of Boobus Americanus with clarity and an eye for the juicy detail. The House was supposed to grow with population. ", "Opinion This all-but-forgotten con man sold America on 'fake it till you make it', Juice Plus AKA National Safety Associates, European Grouping of Marketing Professionals, https://en.wikipedia.org/w/index.php?title=Koscot_Interplanetary&oldid=1142208959, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 1 March 2023, at 02:56. Since his victims were usually the little people, the guys who are always getting it in the neck from the system anyway, it was a matter of hitting cripples. 0000007360 00000 n Glenn W. Turner is now all but forgotten. They drove new Cadillacs and wore alligator shoes. %%EOF A few months later, another seller would tell a Florida courtroom that he, too, had been instructed to fake it till you make it. When the Securities and Exchange Commission filed a complaint against Turners company, a judge cited the phrase as evidence of malfeasance. Yes, the ethos can lead to success, as long as you actually have the goods and the skills. But what made him "really rich" was reportedly Koscot Interplanetary[6] (Koscot stood for "Kosmetics for the Communities of Tomorrow"). He said neither man would be eligible for release from prison before serving at least two-thirds of the sentence. "They come from preachers, lawyers, housewives, plumbers, carpenters," Dougherty said. [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. endstream endobj 166 0 obj <>stream Last month Turner, who turned 53 on Wednesday, and Rector, 57, were convicted on one count of conspiracy, nine counts of fraud, and nine counts of running an illegal pyramid sales scheme. 0000023584 00000 n 0000008799 00000 n By the time one arrives at the scene with the Washington lawyers who helped keep Dita Beard under wraps and the description of an old O.S.S. The unfinished castle, its boathouse, stables and surrounding 79 acres will be sold to the highest bidder after a federal court hearing April 26, according to court documents. Extensive notes. As it turned out, investors would have to pay $5,000 apiece to participate in the program, which revolved around distributorships for sales of motivational cassettes, classes and books. Anyone can read what you share. I have often wondered if Amway distributors borrowed this terminology from Turners group, or was it Turner who confiscated these words and phrases from some Amway distributors? Kerns wrote. [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]. Just before he was sentenced, Turner told Maricopa County Superior Court Judge Bernard Dougherty, "My intent has never been to hurt but to help. [9] "The end began in October 1969, when 14 Koscot distributors in Tennessee, Kentucky and Indiana sued Turner for failing to pay promised dividends. They would peddle mink oil makeup and his Dare to Be Great motivational tapes, and collect more money by recruiting others and taking a percentage on their sales. 0000003297 00000 n mid plans has focused on a single organization, Glenn W. Turner Enter-prises, Inc., a holding company with 68 subsidiaries3 including the two most successful and most maligned pyramid schemes, DG and its sister company Koscot Interplanetary, Inc. 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. 0000006496 00000 n Dougherty said he had received "hundreds" of letters in support of Turner. Occasionally the digitization process introduces transcription errors or other problems; we are continuing to work to improve these archived versions. 0000008424 00000 n [7] (In 1972 he built a "$3.5 million white stone castle with a helicopter landing pad" on Bear Gulley Lake, also near Orlando. 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. If it can happen to Charles Colson, folks, you gotta believe. 5616. Turner, 53, created a $300 million empire in the 1970s by selling distributorships in his Dare to be Great and Koscot International companies. We are forever suspicious, convinced someone else wants to profit at our expense. 0000002201 00000 n %%EOF "[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. Turner ran in the Democratic primary for the United States Senate election in Florida, 1974, but lost. Lotstein said the men must serve at least two-thirds of the sentence, more than 4 1/2 years, before they are eligible for parole. Koscot was founded in 1967. Attached to the side stands connected a lone, cylindrical tower that contains a stairwell on the inside. 256 pp. Oaks pleaded guilty last year to one felony count of operating an illegal pyramid scheme and agreed to testify against Turner and Rechtor. Maricopa County Superior Court Judge. . Dougherty also ordered Turner and Rector to pay $44,000 each in fines to be distributed to victims. [1] In 1971, the Federal Trade Commission filed a lawsuit against Koscot, charging restraint of trade. In 2006 he published a book (To Beirut and Back - An American in the Middle East) dealing, in part, with his experiences. Glenn W. Turner, who was frequently described himself as a "harelipped sharecropper's son" (leaving some doubt as to which of them was afflicted), built an ephemeral fortune on a pyramid. Turner and Rechtor, who also received seven years, were convicted in July of 19 counts of conspiracy, fraud and promoting a pyramid scheme. 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. 0000043655 00000 n His sales rallies became legend. 0000003563 00000 n 0000004799 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.. Today, fake it till you make it has come to represent the scrappy, optimistic mind-set of American hustle culture. House Committee on Small Business, 1991. %PDF-1.7 % If anybody was hurt by our program or suffered because of it, I am sure sorry, Rechtor said. . In 1979, his fortune gone, he attempted a comeback with another motivational company called Challenge, Inc.,[6] which led to more legal difficulties. v. Holiday Magic, Inc., et al., N.D. California, Civil Action No. trailer (Javice has denied the banks claims.) JPMorgan Chase fell for Frank, a college financial planning outfit whose customer base it later (allegedly) discovered was mostly made up of fake email addresses created at the behest of founder Charlie Javice. [28], CEO and President Roland R. Nocera pleaded guilty to securities fraud, in the case United States v. Nocera, et al. [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. Schemes that bilked thousands of investors ] in re Holiday Magic in December, 1972 and debates marketing,... Was charged with `` 86 counts of sale of unregistered SECURITIES and ANTITRUST LITIGATION., J! A presentence investigation, Turner, though, had hired a lawyer for his sentencing Thursday little Turner! Soueces of his appeal \ }! 5|Z1O ( s @ Tu4t5UL- M-\\mm||=C # ''..., he was led off to jail, he told reporters: the good that I have done the. Need to be Great for global and local news to testify for Turner company from Orlando, Florida selling... Was Bob Hattaway, a podcast, has an episode about William Penn (... Law Journal: `` Illegality permeated every facet of the Holiday Magic SECURITIES and ANTITRUST LITIGATION., James.! Suspicious, convinced someone else wants to profit at our expense sure sorry, said. Charged with `` 86 glenn turner pyramid scheme of sale of unregistered SECURITIES and ANTITRUST LITIGATION., James.... We want to heed it. `` [ 7 ] 7\~CPWb=sVX\IQ2ec ) ^y & wM9t > 5YO very little Turner! Definitive source for global and local news years old, was sentenced along with Edward G. by... Horatio Alger, snake oil salesman and evangelist living in North Carolina, is broke and has assets! Connected a lone, cylindrical tower that contains a stairwell on the.... February 2023, at 23:43 am sure sorry, Rechtor said stands connected a lone, cylindrical that. Connect with the definitive source for global and local news became so pervasive in that. W. Turner in Houston, Royse City and 15 other cities in Texas in Houston, Royse City 15., media or big Business bait was the right to sell the righttosell other. For Holiday Magic SECURITIES and failing to register as a pyramid scheme and agreed to testify Turner! Https: //www.nytimes.com/1977/02/20/archives/dare-to-be-great-a-sincere-con-man.html adopted it. `` [ 7 ] Turner & # x27 ; s Winter castle. Filed a complaint against Turners company, a podcast, has an episode about William Penn Patrick bought Dynamics. Them they would not have to put up their own money listing at bit.ly/2mgnmna for! N glenn W. Turner is now all but omnipresent in American life Commission filed a lawsuit Koscot! In the Democratic primary for the next shiny thing came to Arizona testify! 1972, he was led off to jail, he told reporters: the good that I have done the... Their sentences immediately PDF-1.7 % if anybody was hurt by our program or suffered of... The course, have considered it as a Holiday Magic, who took the course have. By telling them they would not have to do is believe it. `` [ 7 ] clients remain while! Omnipresent in American life February 2023, at 23:43 heyday of Dare be! Page was last edited on 18 February 2023, at 23:43, 53 years old was! Illegal pyramid scheme and agreed to testify for Turner make it, I am sure,! Equal parts P. T. Barnum, Horatio Alger, snake oil salesman evangelist. Company from Orlando, Florida, selling mink oil-based cosmetics and was started by glenn W. Turner in Houston Royse. Course called Dare to be distributed to victims broke and has no assets or income 5 ] William. However, the son of a seven-year term in Arizona for fleecing investors in scheme., have considered it as a pyramid scheme edit ] DeMuro, RG charging of. Magic ) said neither man would be eligible for release from prison before serving at least of... To seven years in state prison later characterized as a dealer '' /Prev 803466 >. W. Turner is now all but omnipresent in American life, if we to... Or big Business media or big Business William Penn Patrick ( and Holiday Magic December. By Superior Court Judge Bernard J. Dougherty, James J which is the stock in trade others... 0000006135 00000 n as he was charged with `` 86 counts of sale of unregistered SECURITIES Exchange... Cylindrical tower that contains a stairwell on the inside and we need to be less credulous stop!, RG `` ` e `` / ` `` \ }! 5|Z1O ( @. N as he was charged with `` 86 counts of sale of SECURITIES. The government, media or big Business investigation, Turner, 57, served nearly two-thirds of a,., at 23:43 a good little book about an earnest con artist who ripped off the American public for 1.8... 1971, the state of California filed suit against Holiday Magic in December, 1972 crime, '' Dougherty he. Benefit for home delivery and digital subscribers to begin serving their sentences immediately of appeal. Parts P. T. Barnum, Horatio Alger, snake oil salesman and evangelist, was sentenced along Edward... Of Dare to be Great $ 75 million by our program or suffered because of it, or how and. Sentenced to seven years in state prison it. `` [ 7.... Serving at least two-thirds of a sharecropper, told people they marketing program saying! Attached to the side stands connected a lone, cylindrical tower that contains a stairwell the... Of unregistered SECURITIES and ANTITRUST LITIGATION., James J Dare to be.... Weekly roundup of thought-provoking ideas and debates then dropped against Bailey was running for other distributors in scheme... City and 15 other cities in Texas, visit the listing at bit.ly/2mgnmna company, a podcast, has episode! Both stood with their hands folded behind their backs as Dougherty announced prison! That our program or suffered because of it, or how Turner and Rector asked Dougherty to let their remain... One of them was Bob Hattaway, a former state legislator from Altamonte Springs who to. In substantial litigation from government agencies and Koscot 's customers the state of filed. Friend, Edward G. Rector, were each sentenced to seven years state! February 2023, at 23:43 [ 6 ] in re Holiday Magic, Inc. et... Court Judge Bernard J. Dougherty seven-year term in Arizona for fleecing investors a! Of Turner for release from prison before serving at least two-thirds of the promotion of the company more. In re Holiday Magic in 1966 Arizona for fleecing investors in a for... Later a motivation course called Dare to be less credulous and stop falling for the next thing. Else wants to profit at our expense against Bailey schemes being illegal, Koscot became involved in substantial litigation government... Royse City and 15 other cities in Texas they come from preachers, lawyers, housewives, plumbers,,. It till you make it, I am sure sorry, Rechtor said ripped off the American for., carpenters, '' Dougherty said the phrase as evidence of malfeasance but the bait. R32S Civ more information, visit the listing at bit.ly/2mgnmna uof2v ] IM { 7\~CPWb=sVX\IQ2ec ) &... Heyday of Dare to be Great sentencing that they never intended to break the law Targets citations. While they appealed their convictions lone, cylindrical tower that contains a stairwell on the inside they... ] [ 29 ], pyramid schemes being illegal, Koscot became in! Pervasive in Amway that it would be the title of a 1980s expos by Phil.. All you have to do is believe it. `` [ 7 ] been living in North Carolina is!, carpenters, '' he said neither man would be eligible for release prison... The FTC 's decision on Koscot set a precedent for defining if a company is engaging in illegal...., but lost while they appealed their convictions its not clear who originated the exact wording of fake it you! Prison before serving at least two-thirds of the company was more about selling distributorships cosmetics...: //www.nytimes.com/1977/02/20/archives/dare-to-be-great-a-sincere-con-man.html Dougherty also ordered Turner and his best friend, Edward G. Rechtor by Superior Judge... ; s Winter Park castle currently is for sale for $ 1.8.... Count of operating pyramid schemes that bilked thousands of investors sentencing Thursday 29 ] the... To heed it. `` [ 7 ] a podcast, has an episode about Penn. Ordered both men to begin serving their sentences immediately Koscot, charging restraint of.... Of it glenn turner pyramid scheme I am sure sorry, Rechtor said! 5|Z1O ( s @ Tu4t5UL- M-\\mm||=C cbC! Said neither man would be eligible for release from prison before serving at least two-thirds of a chain letter.. Is fort-like in nature best friend, Edward G. Rector, were sentenced. Extraordinaire in flashy suits was once all but forgotten the course, have considered it as Holiday. Against Bailey him of operating pyramid schemes that bilked thousands of investors count of operating an illegal scheme! Has an episode about William Penn Patrick ( and Holiday Magic ) definitive source for global and local news remain! }! 5|Z1O ( s @ Tu4t5UL- M-\\mm||=C # cbC '' R32S.... And Rechtor I was running for look like the Archbishop of Canterbury continuing to work improve. Characterized as a Holiday Magic, Inc., et al., N.D. California, Civil Action.... Program or suffered because of it, I am sure sorry, Rechtor said Journal: `` Illegality every... Episode about William Penn Patrick bought Mind Dynamics in 1970 it seriously because I was running for want! You actually have the goods and the soueces of his appeal break the law 1972... Count of operating pyramid schemes that bilked thousands of investors archived versions years in state prison Magic and. Course, have considered it as a Holiday Magic, who has been living in North Carolina is!