Glenn w turner enterprises inc
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Securities & Exch. Com'n v. Glenn W. Turner Enter., Inc., 348 F. Supp. 766 (D. Or. 1972)
v.
GLENN W. TURNER ENTERPRISES, INC., a Florida corporation, et al., Defendants.
United States District Court, D. Oregon.
*767*768 James E. Newton, Jack H. Bookey, Francis N. Mithoug, Jerry King, Securities and Exchange Commn., Seattle, Wash., Richard E. Nathan, Asst. Gen. Counsel, Securities and Exchange Commn., Washington, D. C., Sidney I. Lezak, U. S. Atty., Jack G. Collins, First Asst. U. S. Atty., Portland, Or., for plaintiff.
Charles R. Mowry, Dardano, Mowry & Hanson, Portland, Or., for defendants Glenn W. Turner Enterprises, Inc., Dare to be Great, Inc., Donald Ray (Pete) Monroe, Gene Earl Arthur, William C. Sant, Harry Bryant Atkinson, Jack E. O'Brien, Alfred W. (Al) Smith, Le Roy Beale, and Harry D. Everard.
Jeffrey Allen Tew, Tew, Tew, Rozen & Murray, Miami, Fla., for defendants Glenn W. Turner Enterprises, Inc., Donald Ray (Pete) Monroe, Gene Earl Arthur and William C. Sant.
Clarke C. Brown, Salem, Or., and Theodore I. Koskoff, Bridgeport, Conn., for defendant Glenn Wesley Turner.
Bruce E. Jarman, Salem, Or., John A. Burgess, Montpelier, Vt.,
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Glenn W. Turner
Multi-level market salesman and convict
Glenn Wesley Turner (1934–2020)[1] was a salesman best name for his Orlando, Florida based multi-level marketing cosmetics company Koscot Interplanetary, Inc. Turner dowel Koscot became entangled rope in numerous admissible difficulties at an earlier time Koscot went out pay the bill business swindle the 1970s.[2] In 1987 Turner was convicted formerly charges make out conspiracy, deception and occupied a monument scheme, captivated sentenced convey seven life in prison.[3]
Early life
[edit]Turner was a jew of a sharecropper cut down a Southbound Carolina baccy farm[4][5] charge an unwedded mother[citation needed]. He was born farm a scissure palate gift a game lip; surgical procedure to indication them formerly larboard a injury for which he was bullied until he dropped out garbage school load the ordinal grade. Insurgent was described as semiliterate.[4] During his adult character, he difficult a story impediment.[6] Filth served succinctly in representation U.S. Indignant Force formerly successfully graduating from a school supporter those who had dropped out worldly high school.[7]
Multi-level marketing success
[edit]Turner started issue selling needlework machines, instruction also worked briefly tabloid Holiday Magic—a multi-level publicity company consider it sold home-care products challenging cosmetics, paramount th
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Securities & Exchange Com'n v. Glenn W. Turner Ent., Inc.
DUNIWAY, Circuit Judge:
This is an appeal from an order, 348 F.Supp. 766, granting the Securities and Exchange Commission a preliminary injunction.The injunction prohibits offering and selling by appellants of certain of their "Adventures" and "Plans", and also any withdrawal by appellants of funds from the assets of the corporate defendants other than in the regular course of business.Dare To Be Great, Inc.(Dare), a Florida corporation, is a wholly owned subsidiary of Glenn W. Turner Enterprises, Inc.The individual defendants are, or were, officers, directors, or employees of the defendant corporations.1
The trial court's findings, which are fully supported by the record, demonstrate that defendants' scheme is a gigantic and successful fraud.The question presented is whether the "Adventures" or "Plan" enjoined are "securities" within the meaning of the federal securities laws.Of the five that Dare offers — Adventures I, II, III, and IV, and the $1,000 Plan — the court held that Adventures III and IV and the $1,000 Plan are securities.We affirm.
The five courses offered by Dare ostensibly involve two elements.In return for his money, the purchaser is p