- Members
- 10,838
- Articles
- 3,225
- Authors
- 647
- Interviews
- 86
Quick Links
ZeroMillion Articles
Quick Links
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.
Recent News
- [2010-08-16] Enterpreneur Finds New Market with Schoolhouse Grill
- [2010-08-02] Scots Lead Great Britain in Entrepreneurial Enterprises
- [2010-07-27] Coup of an Entrepreneur
Related News
- [2010-07-26] Will Tax Increases Kill Entrepreneurship? One Entrepreneur Says No Way
- [2010-03-31] Winners of the Ernst and Young 2010 Your World, Your Vision Campus Competition are Announced
- [2010-03-25] YES Challenge and MoneyTree Asia Have Teamed Up For Young Entrepreneurs
Featured News
Copyright © 2002-2011 Zeromillion.com. All Rights Reserved