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Investors Want Cash From Bust Co.

Date Posted: 2000-05-27

Thirty people who had invested in a failed pyramid scheme of a health food company, met yesterday with lawyers in order to discuss how to recoup their money. The company has since been reorganized under a new name and is again pushing the same products under a different brand name.

A representative of the company attending the meeting promised that the company would pay the investors back with proceeds from the sale of the product. He pleaded for the investors’ help to sell the products. Lawyers advising the investors said that since the old company is bankrupt and all directors have been changed, there is not much alternative to the plan.

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