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The State is reporting that former Gamecock Running Back Rob DeBoer, who was implicated in a Federal Trade Commission lawsuit in June, has agreed to turn over financial records to authorities.
DeBoer also agreed to not drain his bank accounts; a move that suggests he may be forced to pay restitution for his involvement in the online music retailer BurnLounge.
According to court documents, DeBoer helped recruit others into BurnLounge, which authorities consider a “classic pyramid scheme,” by selling product packages to the Internet-based, virtual music store. DeBoer also improperly represented his income earned from the site, the reports noted.
DeBoer, who lives in Irmo, was one of a handful of Columbia sports and music personalities that contributed to the local popularity of BurnLounge, whose investors were rewarded for selling additional online franchises or digital music.
BurnLounge paid investors up to $50 for recruiting new investors and a nickel for each song sold, resulting in a pyramid scheme, government regulators said.
DeBoer has claimed to have a hand in recruiting more than 30,000 people.
A federal court in Los Angeles signed off this week on the injunction against DeBoer that was requested by the Federal Trade Commission. The agency sued DeBoer, BurnLounge and three others in June for promoting the scheme. All have denied any wrongdoing.
DeBoer’s order is similar to one BurnLounge corporate officials agreed to last month. [JASON RYAN - The State]
The State will have more tomorrow.
yeah, yeah, blaw, blaw….get over this story…we know everything is a scam and a pyramid. Why don’t they sue SC AG for his wife aka (himself) being involved or maybe Justin Timberlake or Shaq for providing capital. Or better yet why don’t we sue somebody at the FTC, because I guarantee there is a lot more scandaless shit going there and with our own politics then what deboer did or didn’t do.
If you ask me it just another great case of American political bullshit.
Give the guy a freakin break…doesn’t even have a speeding ticket on his record and then all of a sudden, he’s this horrible criminal ring leader in the worlds biggest pyramid…i don’t thinks so
I agree.
If it wasn’t DeBoer, it wouldn’t be a story.
Thank you for the post! John needs to settle down. If you had gone to one of the meetings and seen what a sleezeball Rob D was then you might think different. He was always a good solid athlete for USC, but he is one sad individual. I mean he recruited people for his pyramid scheme through church…
So he didn’t have a speeding ticket… big deal. He was personally involved in scamming thousands of people out of their money in order to stuff his own pockets. The guy is a criminal and deserves to go to jail for it. You can complain about the “scandaless” (is that a word?) FTC, but the bottom line is that they’re not being busted for being involved in a pyramid scheme.
He wasn’t the ring leader, that was Juan “Call me Alex” Arnold, who has already resigned in disgrace. Every criminal has their first offense. This is his own fault for being involved in a scam.