adplus-dvertising
Global

Steven Feder and Peter Stolz: Where Are PRN Co-Owners Now?

‘Call Me Miss Cleo’ is an interesting HBO Max documentary that focuses on the lifetime of Youree Dell Cleomili Harris, who grew to develop into well-known as Miss Cleo. As a part of the Psychic Readers Network (PRN), she would appear in plenty of television infomercials and claimed to be a psychic from Jamaica. However, in 2002, she and the company had been charged with deceiving most people by way of selling, billing, and assortment threats.

While Cleo herself was later cleared, Steven Feder and Peter Stolz, the co-owners of PRN, wanted to pay a hefty sum to the Federal Trade Commission. Additionally, the duo wanted to clear some huge cash owed that their victims apparently “owed” them. Their actions had been intently talked about throughout the movie, making many viewers curious regarding the current whereabouts of the businessmen. Well, we’re proper right here to find the similar!

Who Are Steven Feder and Peter Stolz?

As the owners of the massively worthwhile Psychic Readers Network, Steven Feder and Peter Stolz had been well-known all through the leisure enterprise. Since Miss Cleo’s debut as a Jamaican shaman in PRN’s infomercials, the company reaped just a few billion {{dollars}} in income. While they provided most people free readings for the first three minutes, they’d start charging $4.99 for every minute after that. Though the callers wished to get a learning from the TV star herself, that they had been usually talked to by certainly one of many employed PRN Phone Psychics.

Steven Feder

The approved woes of PRN started as early as 2001 after various lawsuits had been fired in direction of them in various states, along with New York, Pennsylvania, and Indiana. However, the case inbuilt Florida and the one filed by the Federal Trade Commission in 2002 began the group’s downfall. As talked about beforehand, Miss Cleo was cleared of the fraud costs, though the similar was not true for Steven and Peter. As a consequence of their actions, PRN, and its sister agency Access Resource Services, wanted to pay FTC $5 million in fines and forgive cash owed worth $500 million. Additionally, any uncashed cheques had been moreover returned to the senders.

Where Are Steven Feder and Peter Stolz Now?

As of writing, Steven apparently retains the place of a Psychic Readers Network proprietor. The agency has actually dialed down its workings following the lawsuit and seems to have shifted to an online based mostly strategy of operation. Their official website does declare they’re beneath new administration, nevertheless the particulars on the similar are scarce. Yet it’s essential to note Steven was as soon as extra involved in a approved battle after PRN filed a lawsuit in direction of Rockstar Games.

According to the case filed by PRN, the character named Auntie Poulet in Rockstar’s well-known on-line recreation ‘Grand Theft Auto: Vice City’ was an excessive amount of just like the persona of Miss Cleo. Interestingly, Youree Harris did operate the voice actor of talked about character, nevertheless the previous television group claimed that that they had a copyright on her full mannequin determine. Many commented on the timing of the case as a result of it was filed in 2017, nearly 15 years after the game’s launch. This led various people to think about that PRN was doing so due to the dying of Miss Cleo in 2016. As the case went on, Rockstar requested Steven to be generally known as for a deposition, one factor that the latter’s crew was not happy with.

Recently, Steven has been making buzz due to the sale and purchase of his properties. In March 2021, he and his very important completely different, Lou Thomas Trosclair, made headlines for the sale of their waterfront mansion in Fort Lauderdale, Florida, for $14 million. Valued at $11.5 million, the house was brokered by Tim Elmes of the Elmes Group at Compass Florida. They moreover listed their Time Warner Center penthouse available on the market for $40 million in May 2022. Located throughout the coronary coronary heart of New York City, New York, the place was apparently purchased by Steven for $24.4 million in 2008.

As for Peter Soltz, he has seemingly dialed down his affiliation with Psychic Readers Network following the conclusion of the 2002 lawsuit. In October of the similar 12 months, he left the place of PRN’s President behind after nearly a decade — he’d first taken responsibility in March 1993. As of writing, Peter works as a Managing Partner for Website Development Services LLC and relies in Miami, Florida. He has held the place since October 2005 and seems content material materials to be there.

Back to top button