Entrepreneur's Beware of False Promises
By Stephen Mueller on 2008-12-24 10:50:52

While entrepreneurs everywhere are known for being excited about their product's potential, Harry Siskand has learned the hard way what it means to overemphasize your product's abilities. The entrepreneur behind "Body Solutions", a weight loss supplement that promised to help you lose weight while you sleep, has been sentenced to 37 months in prison for lying to federal regulators.
The Federal Trade Commission brought suit against Siskand in 2003, ostensibly regarding false claims made about his product's effectiveness. However, the ultimate charges held against him regarded his testimony before federal regulators regarding his assets during this case.
The 53-year-old Siskand, former head of Mark Nutritionals Inc., was also fined $10,000 along with the 3 year, 1 month sentence.
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