Holiday Magic

Holiday Magicwas amulti-level marketingorganization, founded in 1964, byWilliam Penn Patrick(1930–1973) in the United States. Originally the organization distributed goods such as home-care products and cosmetics. Company distributors were encouraged to recruit other distributors in amultilevel marketingstructure, which was later characterized as apyramid scheme. On May 16, 1974, a compromise settlement with approximately 31,000 class members, establishing atrust fundworth $2,600,381, was approved by the court.[2][vague]The organization was dissolved in 1974, subsequent to the death of Patrick in 1973. The company had been investigated by the Market Court ofSweden,[3]United States Securities and Exchange Commission, theFederal Trade Commission, and theState of California.