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BUSINESS
April 21, 1995 | From Reuters
The Federal Trade Commission charged an Irvine company and two others Thursday with bilking consumers out of millions of dollars by making false investment claims about new wireless technologies. The alleged schemes are just the latest high-technology twist in what has proved to be the most prevalent type of investment fraud among unscrupulous telemarketers, the agency said. "Complaints about these investment frauds have increased sharply," FTC Chairman Robert Pitofsky said.
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BUSINESS
April 21, 1995 | From Reuters
The Federal Trade Commission charged an Irvine company and two others Thursday with bilking consumers out of millions of dollars by making false investment claims about new wireless technologies. The alleged schemes are just the latest high-technology twist in what has proved to be the most prevalent type of investment fraud among unscrupulous telemarketers, the agency said. "Complaints about these investment frauds have increased sharply," FTC Chairman Robert Pitofsky said.
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BUSINESS
April 21, 1995 | Times Staff and Wire Reports
Wireless Solicitations Targeted: The Federal Trade Commission charged three companies with running fraudulent telemarketing schemes designed to raise money for investments in the fast-growing wireless TV industry. The FTC charged Chase-McNulty Group Inc. of St. Petersburg, Fla., and Digital Interactive Associates Inc.
BUSINESS
December 1, 1998 | SALLIE HOFMEISTER, TIMES STAFF WRITER
In a deal that could shift the power in the satellite television business, EchoStar Communications Corp. has agreed to buy satellite assets from News Corp. and MCI WorldCom Inc. in a stock transaction valued at about $1.25 billion. The deal will give the Colorado-based provider more capacity in the sky than market leader DirecTV, allowing EchoStar to add more channels and new Internet services.
BUSINESS
October 18, 1995 | KAREN KAPLAN, SPECIAL TO THE TIMES
Gary Noreen believes he has seen the future of radio, and it is RadioStar. With its CD-quality sound, 10 national music channels and a screen that displays everything from a song's artist and title to a map of current traffic conditions, RadioStar could make today's AM-FM radio seem as outdated as black-and-white TV. At least Noreen hopes so. As chairman and chief executive of Radio Satellite Corp.
BUSINESS
June 16, 1992 | DON LEE, TIMES STAFF WRITER
After MCA Inc. and Paramount Pictures last month sold their stake in TVN Entertainment to him, TVN's founding partner Stuart Z. Levin declared jubilantly that he had regained control of the satellite broadcasting company in Burbank. "I'm comfortable now that I'm back in control," said the stylish 44-year-old Brooklyn native.
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