HELENA - Montana regulators have resolved an action alleging the North Carolina company ACN Inc., was operating a pyramid scheme in Montana.
In August, Commissioner of Securities and Insurance Monica Lindeen issued a cease-and-desist order against ACN, a direct seller of telecommunications services. She alleged the company lured Montanans to join ACN by claiming members could earn large sums of money by recruiting new members and selling services.
Lindeen says her investigation found the actions she was concerned about were not part of the ACN business model, but were being carried about by ACN's independent representatives in Montana.
ACN settled the issue by promising additional training for its representatives as well as helping Montana video phone customers install their service, Lindeen said.