In the 1970s a fast-talking South Carolina pitchman named Glenn Turner cut a swath through the United States with two pyramid sales companies called Koscot and Dare To Be Great. As prosecutors moved to shut down Turner's operations, investorshired lawyers to sue Turner. The prosecutors succeeded, but few people ever received a dime back, partly because of the sheer complexity of the litigation. Koscot, a door-to-door cosmetics company, was sold by Turner and Dare To Be Great, a motivation course, was closed.
Now, 10 years later, a patient Arlington lawyer named Joseph Hitselberger is looking for several hundred Washington area investors in Turner's motivation company, Dare To Be Great. As a result of a class action suit he filed in 1972, Hitselberger recently received about $29,000. After deducting a fee (about $7,500) and his expenses (about $4,500), he has more than $17,000 to distribute.
His problem: locating 200 of about 300 Washington-area investors, many of whom have moved in the last decade, and some of whom are eligible to receive between $14 and $240, depending on how much money they originally invested in Dare To Be Great. Money unclaimed must be returned to the Florida cosmetic company, Koscot, that Turner sold years ago. Despite millions of dollars spent by government agencies to shut down Turner, Washington-area investors are among the few to ever recover any money invested.