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The so-called Psychic Hotline King — the mogul behind 1990s infomercial star Miss Cleo — is now the proud landlord of New York City’s second most expensive rental, a $100,000-a-month Time Warner Center penthouse, the New York Post reports. (Only Robert De Niro’s 15 Central Park West pad costs more. The actor pays $125,000 a month.)
What is somewhat disturbing, is the fraud lawsuit most might want to forget.
Psychic Hotline Settles Fraud Charges:
According to the L.A times and other sources.One of the largest psychic operations in the United States, has had to pay $5 million to settle charges that it misled customers looking for a supposedly free glimpse into their future, the Federal Trade Commission said Thursday.
Two other companies linked to miss Cleo, has had to forgive nearly 500 million in uncollected bills, ranging from supposed free calls averaging up to (60.00) dollars each call.
The companies already have paid $150,000 in fines and forgiven millions in outstanding bills to settle civil and criminal charges brought by several states, and they face an ongoing investigation in Florida. It looks to us that just perhaps Miss Cleo is done and so are the possible networks that netted millions of dollars.http://articles.latimes.com/2002/nov/15/business/fi-cleo15