Business
3:49 pm
Mon January 28, 2013

Thousands Lose Cash in Kentucky-Based Scheme

Paul Orberson
Paul Orberson
Credit paulorberson.net

State and federal authorities are accusing a University of Kentucky athletics booster of running a massive pyramid scheme. A lawsuit has been filed against Fortune High-Tech Marketing, a Lexington company owned by Paul Orberson. 

The self-made millionaire has donated more than $1 million to UK athletics. Attorney General Jack Conway says Fortune High-Tech scammed more 100,000 people out of hundreds of millions of dollars. Conway says 96% of people who bought into Fortune High-Tech lost their money.