A “socially conscious” reality star couple highlighted on Oprah Winfrey’s network is being sued for allegedly scamming millions from the black community.
Texas Attorney General Ken Paxton filed a federal lawsuit against Marlon & Lashonda Moore, who gained fame on the OWN reality show “Family or Fiancé.” The Federal Trade Commission and the state of Arkansas also filed lawsuits against the couple.
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Prosecutors say that the Texas couple advertised their investment scheme as all-Black, socially conscious, and faith-based, but in reality it was an illegal pyramid scheme that forced members to agree to never speak ill of the group in public.
It was known as B.I.N.T., or Blessings In No Time, and allegedly promised enormous returns based on an initial $1,400 investment by each of the members.
“In general, these schemes falsely promise a big return — or as BINT termed it, being ‘blessed out’ — following a modest initial payment,” read the FTC and Arkansas complaint.
“In reality, however, very few consumers make any money,” the complaint said. “And the few consumers that do make money sometimes lose their profits by reinvesting in the scheme.”
Some of the victims have begun a website to report and document the abuses by the B.I.N.T. scheme.One victim of the alleged scheme, Coretta Vanterpool of Florida, told the Washington Post that she personally lost about $13,000 to B.I.N.T., and that her family totaled over $30,000 in losses to the Moores. ” They just made it sound so real, so nice,” said Vanterpool.”A lot of people came in because […]