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Colo. resident faces prison time in alleged music kiosk scam
March 12, 2008
The (Loveland, Colo.) Reporter-Herald: Rick D. Van Vleet allegedly promised his investors a hefty return if they invested in the music kiosks he was pushing. But Van Vleet lied to them, stealing nearly $3 million in the process, the Colorado Attorney General's Office said recently. Between February 2003 and June 2005, the attorney general alleges Van Vleet took more than $2 million from 26 different investors and promised to invest that money in a music kiosk company, the Synergy Media Group. The kiosks, called TouchStand, would allow users to play and download MP3 music files to their portable music players for a fee. The kiosks would display advertising when not in use, and the advertising would be the primary source of income the kiosks generated.
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