Columbia is ground zero for Burnlounge

So what does Ford, Rogers, Stoops, Spurrier, Ellis, Merritt and Bouknight have in common?

They were all investors in ‘BurnLounge.’ Individual BurnLounge pages were marketed as an alternative to iTunes — a place to steer friends to buy music. BurnLounge’s payments, the FTC said, are structured so that investors are rewarded much more lucratively for selling franchises instead of products — the definition of a pyramid scheme.

Here is a good article to read about this “scheme.”

Article HERE

Two questions for you –

Is this a pyramid scheme in your eyes and should the FTC crack down on this?

Also should Todd Ellis lose his job at USC for his role (according to this article he was near the top of the pyramid i.e “the big cheese”)??