Don’t Count Your Blessings Just Yet

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  • Arkansas AG Tim Griffin and the FTC settled with BINT Operations LLC and two of its officers (collectively, “BINT”) to resolve allegations that the company violated federal and state consumer protection laws by running a pyramid scheme called “Blessings in No Time” (BINT). Separately, interim Texas AG Angela Colmenero settled with BINT to resolve similar allegations.
  • According to Arkansas and the FTC’s and Texas’s complaints, BINT allegedly targeted Black communities with promises of returns as high as 800 percent on investments in a chain-referral “Blessing Loom,” a type of pyramid scheme that coordinates payments within the pyramid using playing boards that tracks members and their positions within the program.
  • Under the terms of the Arkansas-FTC settlement, BINT is banned from operating multi-level marketing programs. Under the terms of the Texas settlement, BINT must pay $10.76 million to the state, and pay at least $450,000 into a Texas-administered victims’ assistance fund.
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