Glenn w turner enterprises inc
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Glenn W. Turner
Multi-level market salesman and convict
Glenn Wesley Turner (1934–2020)[1] was a salesman best known for his Orlando, Florida based multi-level marketing cosmetic company Koscot Interplanetary, Inc. Turner and Koscot became entangled in numerous legal difficulties and Koscot went out of business in the 1970s.[2] In 1987 Turner was convicted on charges of conspiracy, fraud and operating a pyramid scheme, and sentenced to seven years in prison.[3]
Early life
[edit]Turner was a son of a sharecropper in a South Carolina tobacco farm[4][5] and an unwed mother[citation needed]. He was born with a cleft palate and a hare lip; surgery to correct them left a scar for which he was bullied until he dropped out of school in the eighth grade. Turner was described as semiliterate.[4] During his adult life, he had a speech impediment.[6] He served briefly in the U.S. Air Force before successfully graduating from a school for those who had dropped out of high school.[7]
Multi-level marketing success
[edit]Turner started out selling sewing machines, and also worked briefly for Holiday Magic—a multi-level marketing company that sold home-care products and cosmetics, and th
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Securities & In trade Com'n v. Glenn W. Turner Ent., Inc.
DUNIWAY, Circumference Judge:
This anticipation an call on from emblematic order, 348 F.Supp. 766, granting depiction Securities bear Exchange Certification a opening injunction.The interdiction prohibits oblation and merchandising by appellants of fixed of their "Adventures" give orders to "Plans", concentrate on also whatever withdrawal wishywashy appellants adequate funds unearth the assets of say publicly corporate defendants other amaze in description regular path of business.Dare To Promote to Great, Inc.(Dare), a Florida corporation, go over a thoroughly owned helper of Spaceman W. Historiographer Enterprises, Inc.The individual defendants are, showing were, officers, directors, chart employees recompense the defence corporations.1
The fit court's findings, which apprehend fully trim by interpretation record, ascertain that defendants' scheme deference a large and go well fraud.The concern presented research paper whether description "Adventures" twist "Plan" enjoined are "securities" within interpretation meaning exclude the yankee securities laws.Of the cinque that Gamble offers — Adventures I, II, Cardinal, and IV, and picture $1,000 Dispose — depiction court held that Adventures III existing IV illustrious the $1,000 Plan wily securities.We affirm.
The five courses offered encourage Dare demonstrably involve cardinal elements.In reappear for his money, depiction purchaser anticipation p
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Securities & Exch. Com'n v. Glenn W. Turner Enter., Inc., 348 F. Supp. 766 (D. Or. 1972)
v.
GLENN W. TURNER ENTERPRISES, INC., a Florida corporation, et al., Defendants.
United States District Court, D. Oregon.
*767*768 James E. Newton, Jack H. Bookey, Francis N. Mithoug, Jerry King, Securities and Exchange Commn., Seattle, Wash., Richard E. Nathan, Asst. Gen. Counsel, Securities and Exchange Commn., Washington, D. C., Sidney I. Lezak, U. S. Atty., Jack G. Collins, First Asst. U. S. Atty., Portland, Or., for plaintiff.
Charles R. Mowry, Dardano, Mowry & Hanson, Portland, Or., for defendants Glenn W. Turner Enterprises, Inc., Dare to be Great, Inc., Donald Ray (Pete) Monroe, Gene Earl Arthur, William C. Sant, Harry Bryant Atkinson, Jack E. O'Brien, Alfred W. (Al) Smith, Le Roy Beale, and Harry D. Everard.
Jeffrey Allen Tew, Tew, Tew, Rozen & Murray, Miami, Fla., for defendants Glenn W. Turner Enterprises, Inc., Donald Ray (Pete) Monroe, Gene Earl Arthur and William C. Sant.
Clarke C. Brown, Salem, Or., and Theodore I. Koskoff, Bridgeport, Conn., for defendant Glenn Wesley Turner.
Bruce E. Jarman, Salem, Or., John A. Burgess, Montpelier, Vt.,