Prosper DJ, wife ordered to pay $10.7 million for pyramid scheme targeting Black investors
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The Prosper DJ and his wife who orchestrated a “blessing loom” pyramid scheme that targeted the Black community have been ordered to pay $10.76 million and will be banned from operating multilevel marketing operations.
The Texas attorney general’s office said there was a final judgment and permanent injunction issued in the civil case against Prosper DJ ASAP, a.k.a. Marlon Moore, and his wife, LaShonda Moore, for operating an illegal pyramid scheme that promised Black investors returns up to eight times their initial investment.
Their “faith-based wealth-building organization,” BINT Operations LLC, which stands for Blessings in No Time, scammed consumers, many of whom were Black or struggled financially during the pandemic, of millions, government investigators said. The Federal Trade Commission and the state of Arkansas were also involved in the enforcement actions that permanently ban the couple from multilevel marketing, ban them from operating a chain referral scheme and ban them from making deceptive or unsubstantiated income claims or misrepresentations.
Content retrieved from: https://www.dallasnews.com/business/2023/07/26/prosper-dj-wife-ordered-to-pay-107-million-for-pyramid-scheme-targeting-black-investors/.
