The Dream, a podcast about multi-level marketing, discussed Holiday Magic and William Penn Patrick. What Turner really sold was hope, which is the stock in trade of others beside pyramid sales pushers. "Summary of Testimony and Findings and Conclusions Resulting from Hearings in New York on Drug Law. The Glenn Turner court was confronted with the pyramid sales scheme of Dare to Be Great, Inc., a wholly owned subsidiary of Glenn W. Turner Enterprises, Inc. Ostensibly Dare sold through four "adven-tures" and one "plan" a motivation training course consisting of printed On May 16, 1974, a compromise settlement with approximately 31,000 class members, establishing a trust fund worth $2,600,381, was approved by the court. Turner, who was pale and appeared tired, and Rector, his former bodyguard, had no visible reaction to the sentences. Assistant U. S. Attorneys Daniel C. Silva, Mark W. Pletcher, Lisa Sanniti and Carl Brooker. 0000008799 00000 n GLENN W. TURNER ENTERPRISES, INC., a Florida corporation, et al., Defendants. [7], When some salespeople found customers in short supply, Turner encouraged them to 'fake it until you make it,' by wearing expensive clothes and waving around $100 bills to lure in others". A Maricopa County Superior Court jury convicted Turner and Rector Tuesday on charges that they promoted a pyramid scheme, similar to chain letters, with their motivational company Challenge. We are forever suspicious, convinced someone else wants to profit at our expense. . During the eight-week trial, however, two former top Turner aides testified that Challenge officials knew their operation was illegal. 0000006496 00000 n I have often wondered if Amway distributors borrowed this terminology from Turners group, or was it Turner who confiscated these words and phrases from some Amway distributors? Kerns wrote. It didnt. The good that I have done outweighs the bad. But the real bait was the right to sell the righttosell to other suckers on the principle of a chain letter. If he never quite tells us what made Glenn Turner runthat is was he a con artist or merely an overeupeptic free enterpriser?no one else knew either, including perhaps Turner. [6], In February 1973, Holiday Magic was sued for calumny by Avon Products. 0000006933 00000 n Theres a difference between psyching yourself up and misrepresenting yourself, and the latter is where fake it has gone too far. 0000023769 00000 n A lot of books have been written about Mr. Turner and today weve put the final period in the final chapter of the saga of Glenn Turner, Lotstein said. 235 0 obj 0000041122 00000 n Best Match Powered by Whitepages Premium AGE 80+ Glenn Turner Houston, TX (Inner Loop) View Full Report Addresses Yoakum Blvd, Houston, TX Yes, Mencken would have loved it. Holiday Magic was a multi-level marketing organization, founded in 1964, by William Penn Patrick (19301973) in the United States. But Dougherty denied bond and ordered both men to begin serving their sentences immediately. Abe F. March held several executive positions for Holiday Magic and parent company U.S. Universal; Regional Vice President, Canada (19711972), Vice President, Greece (19721973) and Managing Director for Sta-Power, Germany (1973). U.S. District Court documents in Orlando indicate there are dozens of other Turner creditors, but it is unlikely they will be paid from any proceeds from the Castles sale, officials said. Corbins office won a civil case against Turner over Challenge in 1983, ordering him to pay $1.5 million in restitution and $1 million in penalties. 748 - IN THE MATTER OF HOLIDAY MAGIC, INC., ET AL. "Equal Credit Opportunity Act Amendments and Consumer Leasing Act-1975., Hearings, United States Congress. 0000001660 00000 n Turner and his best friend, Edward G. Rector, were each sentenced to seven years in state prison. 0000006135 00000 n As a subscriber, you have 10 gift articles to give each month. But Turner seems to have genuinely convinced himself he was offering the little people a splendid opportunity. [15] Larry Stephen Huff, another key individual in the company, served two years in a Federal Prison, for charges related to a Ponzi scam (unrelated to Holiday Magic).[21]. Turner's fame and wealth was to be an inspiration for others to buy franchises so that "they could all be rich and successful like him". Turner's long gone from the 0000005276 00000 n [3] 0000032500 00000 n No. IT WOULD BE impossible to write a book about the sales empire of Glenn Turner without invoking H. L. Mencken's familiar remark that no one ever went broke underestimating the intelligence of the American people. 0000003563 00000 n Civ. that our program was a crime," he said. [7] He told reporters as he was led away to jail: The good that I have done outweighs the bad. <>stream hb```e`` /`"\}!5|Z1O(s@Tu4t5UL- M-\\mm||=C#cbC"R32S 0000002472 00000 n As Elizabeth Holmes gives way to Sam Bankman-Fried, who gives way to George Santos, its worth pondering why our society has embraced an ethos popularized by a huckster such as Turner. WASHINGTON, May 17 The Securities and Exchange Commission asked a Federal District Court today to halt the sale of Glenn W. Turner's pyramid franchising scheme on the ground that it is. : A Case Study of Pyramid Sales Plan Regulation", "Glenn Turner, Empire Toppled, Trying Again to Sell Motivation", "Glenn Turner -- Out Of Luck; Fraud Sentencing May Be His Day Of Reckoning", "Koscot Cosmetics Accused Of Illegal Business Actions", "Koscot and Turner Cited in Complaint Filed by the S.E.C. We dont trust the government, media or big business. One bought a cosmetics distributorship for $4,500 and became entitled to sell distributorships to others, pocketing a fat commission. And the Wells Fargo C-suite was looking the other way as employees, desperate to meet unrealistic sales quotas, opened millions of fake bank and credit card accounts. But his empire collapsed after state and federal investigators accused him of operating pyramid schemes that bilked thousands of investors. This is a good little book about an earnest con artist who ripped off the American public for $75 million. 0000000016 00000 n Glenn W. Turner, 53 years old, was sentenced along with Edward G. Rechtor by Superior Court Judge Bernard J. Dougherty. Last month Turner, who turned 53 on Wednesday, and Rector, 57, were convicted on one count of conspiracy, nine counts of fraud, and nine counts of running an illegal pyramid sales scheme. "They have for years.". As a subscriber, you have 10 gift articles to give each month. Koscot Interplanetary was a company from Orlando, Florida, selling mink oil-based cosmetics and was started by Glenn W. Turner in 1967. Even as Turner attracted increasingly negative attention in 1972, he was arrested on 86 counts of violating securities laws the phrase gained popularity in a more earnest context within Alcoholics Anonymous. vlyiJ)pd*n\[PN>8Yl^1cyO"`CC\=bu3hB In the lawsuit, Avon Products' claimed that "Holiday Magic employees distributed leaflets accusing Avon of goon squads, paying off The District attorney's office.."[7], In June 1973, the United States Securities and Exchange Commission filed a lawsuit against Holiday Magic,[8] charging Patrick with "bilking some 80,000 people out of more than $250 million through his Holiday Magic cosmetics and soap empire. Turner was a former sewing machine salesman and son of a South Carolina sharecropper and an unwed mother, born with a cleft palate and a hair lip, who dropped out in the eighth grade, did a short stint in the U.S. Air Force before successfully finishing a school for those who had dropped out of high school. Glenn W. Turner worked briefly for Holiday Magic in 1966. As we transitioned from a society that manufactured things to one whose products were intangible, reality was increasingly in the eye of the beholder or the pitchman. Lotstein said the men must serve at least two-thirds of the sentence, more than 4 1/2 years, before they are eligible for parole. Glenn Turner was, as he liked to tell anyone within earshot of his pitch, sharecropper's son 'and a gradeschool dropout and had a harelip (albeit corrected by surgery) who had lifted himself. Extensive notes. [28] The Mind Dynamics course was described as providing "a means of achieving personal success through the conscious use of the subconscious mind". endobj Psychiatrist Alfred Adler, writing in the early 20th century, argued people could change habits by embracing an act as if strategy: assume a behavior and, eventually, it will become real. But this salesman extraordinaire in flashy suits was once all but omnipresent in American life. 235 0 obj 164 0 obj <>stream The promised El Dorado, however, was reserved for those who put up the requisite amount for becoming distributors; this gave them the right to sell distributorships to others, retaining a healthy percentage of the fee. endstream endobj 165 0 obj <>stream [1] In 1971, the Federal Trade Commission filed a lawsuit against Koscot, charging restraint of trade. [5] Though he claimed Leadership Dynamics was a separate company, "..in no way related to Holiday Magic, Inc.", Gene Church pointed out many inconsistencies in this statement, in his book The Pit: A Group Encounter Defiled. Koscot was founded in 1967. JrsJk**j;{:[Z{&N. Dougherty then passed sentence, despite receiving hundreds of letters in support of Turner. He said neither man would be eligible for release from prison before serving at least two-thirds of the sentence. The House was supposed to grow with population. 235 37 Stewart was behind the societal curve. xref JPMorgan Chase fell for Frank, a college financial planning outfit whose customer base it later (allegedly) discovered was mostly made up of fake email addresses created at the behest of founder Charlie Javice. But that came later. [17] Turner described it as one of the first "pyramid marketing" companies in America. See the article in its original context from. Mr. Maxa has missed very little about Turner's operations and the soueces of his appeal. https://www.nytimes.com/1977/02/20/archives/dare-to-be-great-a-sincere-con-man.html. United States House of Representatives. One of them was Bob Hattaway, a former state legislator from Altamonte Springs who came to Arizona to testify for Turner. But it draws on older strains in American life, marrying psychological concepts on how to change human behavior with the positive-thinking self-help culture that might as well be Americas unofficial state religion. His sales rallies became legend. That spirit is everywhere. [10] The FTC's decision on Koscot set a precedent for defining if a company is engaging in illegal pyramiding. No surprise, trust is cratering. High by today's standards but even more powerful based on the times. Anyone can read what you share. He was featured in an 11-page article in Life magazine in 1971,[8] and was reportedly worth $300 million at the time. Z t{Hd)a^lEHuw-GB9Y/S5zcWC8,)X9W^kjx,:h*#H_TNG^Od i~l={'Zg^-0z V|0P%* &C?UG b^>'V/~`C\a(bG [25] The Office of the State Attorney General in Maine, United States cites In re Holiday Magic, Inc., 84 F.T.C. Glenn Turner was, as he liked to tell anyone within earshot of his pitch, sharecropper's son and a gradeschool dropout and had a harelip (albeit corrected by surgery) who had lifted himself up by his expensive unborncalfskin bootstraps to the leadership of a $100 million business empire. 0000001791 00000 n the Glenn Turner modification is a good one. Investment of $5,000. They drove new Cadillacs and wore alligator shoes. 0000004119 00000 n Lotstein said he doubted the money would ever be collected. By Rudy Maxa. "[7], According to one report target of prosecutors "in more than 30 states" targeted him. [30] In popular culture [ edit] Lets fix that. 0000005760 00000 n 0000001036 00000 n 0000007360 00000 n 5 OF THE FEDERAL TRADE COMMISSION ACT AND SEC. A technicality of the law is what got me. By the time he died in 2020, it took more than a year for a newspaper reporter to stumble across his Legacy.com obituary and make note of his death. Koscot Interplanetary. Turner, the son of a sharecropper, told people they. 1974., May 20, 1974. Subcommittee on Consumer Affairs. 1973), participants in a pyramid sales scheme were found to be security holders, since they invested their funds in a common scheme dependent for success directly upon the collective sales efforts of the organization. However from a technical perspective, there are differences in the way the two types of schemes operate. [4], The Securities and Exchange Commission also filed a lawsuit in 1972 charging that Koscot's program should be considered a security and comply with securities laws and regulations. An interesting man, Glenn Turner, and Rudy Maxa, a Washington Post reporter, has an interesting problemwhat do you do with a con man who doesn't know he's a con man? ", Nevertheless, Dougherty said, the men deserved prison terms because "some of these victims suffered great emotional and financial harm by your actions.". "[1], Sales Dynamics was another program of instruction for pay available to Holiday Magic Distributors to help them in their business activities. NEWS RELEASE SUMMARYSeptember 1, 2021. Cryptocurrency arrived, basically a fake it till you make it form of money. "[7] Turner, attorney F. Lee Bailey, and eight others were also indicted by a federal grand jury on conspiracy and mail fraud charges. The saying became so pervasive in Amway that it would be the title of a 1980s expos by Phil Kerns. A list of over 350 print sources on paper chain letters and pyramid schemes. 0000023769 00000 n Within a few years Turner's enterprises had made an estimated $300 million. "I think the court's ruling today put the final period in the final chapter of the book on Glenn Turner.". 271 0 obj Turner barely escaped jail in 1975 when a federal jury in Florida was unable to reach a verdict after a nine-month fraud trial. In SEC v. Glenn W. Turner Enterprises, Inc., 474 F.2d 476, 482 (9th Cir. Lawyers for Turner and Rector asked Dougherty to let their clients remain free while they appealed their convictions. ". [3] Another has him convicted in 1987 along with Edward Rector, on charges of conspiracy, fraud and operating a pyramid scheme, and sentenced to seven years in prison. Referring to Charles Ponzi, who earlier this century put together a huge investment swindle that still bears his name, Lotstein said, "I imagine there are still people that feel that Mr. Ponzi was doing good for the world. Even then, he never stopped explaining. (Javice has denied the banks claims.) Prosecutors said Challenge officials misled investors by telling them they would not have to put up their own money. 1975, P. 304., Hearings on S. 483, 1900, 1927, and 1961, and H.R. mid plans has focused on a single organization, Glenn W. Turner Enter-prises, Inc., a holding company with 68 subsidiaries3 including the two most successful and most maligned pyramid schemes, DG and its sister company Koscot Interplanetary, Inc. [1], In 1974, after almost 10 years in operation and tied to pyramid schemes and controversy, both Leadership Dynamics and Mind Dynamics ceased operations. Thus one gets sentences such as Meanwhile, in a downtown Frankfurt prison, thirtyeightyearold Turner astounded a U.S. State Department official who visited his cell to explain that the British had requested his arrest on possible charges of fraud in England. Fine time to find out Turner's age. [7] (In 1972 he built a "$3.5 million white stone castle with a helicopter landing pad" on Bear Gulley Lake, also near Orlando. PHOENIX, ARIZ. Glenn W. Turner, a farmboy who built and lost a multimillion-dollar financial empire with his pyramid sales schemes, lost his freedom Thursday. Sign up for a weekly roundup of thought-provoking ideas and debates. /b+;*R2VL5 WC^ ;_>[AM "su`/d_w$3qhTGS;#m!bytBefF~s*GB9z\eBUK,nrEYXn u.$leJrk5@ This page was last edited on 18 February 2023, at 23:43. Self-help culture took that to ludicrous places: Whatever the mind can conceive and believe, it can achieve, claimed wealth guru Napoleon Hill in Think and Grow Rich.. In 1975, Turner pleaded guilty to a single charge of violating securities laws and was given probation. It is a story that will finally end Thursday in Phoenix, Arizona, where Turner, who turns 53 on Wednesday, faces a potentially long prison sentence for the fraud convictions last month that. v. Holiday Magic, Inc., et al., N.D. California, Civil Action No. [3], In 1973, Holiday Magic's proceedings were prohibited by the Market Court of Sweden, and a fine of 2 million Swedish kronor was imposed. United States District Court, D. Oregon. 256 pp. The distributors could make thousands. 0000005760 00000 n Before the IRS gets its share, Seminole County has the right to collect $16,900 in unpaid property taxes for 1987, said county Tax Collector G. Troy Ray. ), it's too late to put the book down. If it can happen to Charles Colson, folks, you gotta believe. Glenn Turner's Winter Park castle currently is for sale for $1.8 million. 0000037159 00000 n Traditionally, businesses have had to state their returns using metrics that can only be faked by lying. 0000037334 00000 n At the meeting Turner's proteges would run to the stage in their flashy suits and fancy shoes, with $100 or even $1,000 bills pinned to their lapels. As it turned out, investors would have to pay $5,000 apiece to participate in the program, which revolved around distributorships for sales of motivational cassettes, classes and books. In the low-interest-rate environment of the past decade, investors put up money with little diligence, and fake it till you make it turned toxic. v. Robert W. Warren et al. The unfinished castle, its boathouse, stables and surrounding 79 acres will be sold to the highest bidder after a federal court hearing April 26, according to court documents. This is a digitized version of an article from The Timess print archive, before the start of online publication in 1996. The sentencing of Dare to be Great supersalesman Glenn Turner, convicted of operating an illegal pyramid scam in Arizona, has been delayed for a week. Prosecutors said Rector and Turner also failed to warn investors that Challenge had been sued and was facing large judgments. Dougherty said he had received "hundreds" of letters in support of Turner. But when the claim has little to no basis in reality, it will almost certainly lead to failure and, as Turner discovered, to oblivion. 1. Glenn W. Turner, 53, was sentenced along with Edward G. Rechtor by Superior Court Judge Bernard J. Dougherty, who said he had received scores of letters on behalf of the two Goldenrod, Fla., men. He subsequently bought exclusive rights for Middle East distribution of Holiday Magic cosmetics and formed his own company, Beauty Magic, in Beirut, Lebanon. Our intent was never to go out and commit a criminal act., Later, as he was leaving the courtroom in handcuffs, Turner told reporters, I think history will tell what I really was. House Permanent Select Committee on Small Business., 1973, P. 127, 137, 157, 203. But nowhere has the ethos of fake it found more fertile soil than in Silicon Valley, where the line between optimism and deceit can admittedly be a fine one. [5] In re HOLIDAY MAGIC SECURITIES AND ANTITRUST LITIGATION., James J. 0000041122 00000 n When a federal judge lumped together 1,000 of those lawsuits into a single class-action suit seeking nearly $1 billion, Turner went bankrupt. <<7C981AD2C2A8B2110A00B0784D58FC7F>]/Prev 803466>> 0 As he was led off to jail, he told reporters: The good that I have done outweighs the bad. Turner ran in the Democratic primary for the United States Senate election in Florida, 1974, but lost. endobj 0000002472 00000 n Turner himself offers one cautionary tale. New York: William Morrow & Co. $8.95. (unrelated to Holiday Magic). Turner and Rechtor, who also received seven years, were convicted in July of 19 counts of conspiracy, fraud and promoting a pyramid scheme. There being no provision in either law or morality for fraud without intent, it's hard to figure out what that makes Glenn Turner. what would happen when these distributorships reached the saturation point, when there was no one left to buy a distributorship, and so many people selling cosmetics that it was impossible to recover the large investment from the small cosmetics commissions? The two men told Dougherty before sentencing that they never intended to break the law. L|B@9`CwX}LKC the Glenn Turner modification is a good one. . The IRS, which had a $15 million claim, has been awarded a judgment of $9.275 million, but appraisals put the value of the Turner property at $1 million to $2 million. ", United States Congress. But this salesman extraordinaire in flashy suits was once all but omnipresent in American life. torture involving a mouse that was supposed to eat a recalcitrant witness's heart (Good Lord! %PDF-1.7 % [7] As one news story put it: .mw-parser-output .templatequote{overflow:hidden;margin:1em 0;padding:0 40px}.mw-parser-output .templatequote .templatequotecite{line-height:1.5em;text-align:left;padding-left:1.6em;margin-top:0}, Think about it: One person could sell 10 distributorships, and each of the 10 could sell 10 more, and so on. Turner, 53, created a $300 million empire in the 1970s by selling distributorships in his Dare to be Great and Koscot International companies. [3], The company was termed as part of the "big three" scams, in a 1974 United States Senate hearing before the Consumers of the Committee on Commerce that dealt with pyramid sales. %PDF-1.6 % 0000045154 00000 n The history of fake it till you make it offers a lesson here, if we want to heed it. 0000003018 00000 n ={w5d[#"zM#h:.d\r,&4* 76I\@yH'H}T4idJq$nVsL(sXk TN4%8k;|PqK+I:p*K"&Z{Z;o;}X8z}r%. [1], Pyramid schemes being illegal, Koscot became involved in substantial litigation from government agencies and Koscot's customers. 0000031782 00000 n "Franchising in Hard Times: Hearing Before the Committee on Small Business, House of Representatives. Well, it was never really worth all that, and when blizzard of Federal and state charges of fraud, securities irregularity and other actions drove him nearly into bankruptcy, he ended up selling one of his companies for $15,000. . Annotated bibliography on chain letters and pyramid schemes. A few of their supporters cried as the sentences were read. The $5,000 investment paid for motivational seminars and tapes, but the indictment said the real business of the pyramid operation was to induce more people to invest money to become salespeople who, in turn, were expected to recruit others. Charges were then dropped against Bailey. Turner and Rechtor, who also received seven years, were convicted in July of 19 counts of conspiracy, fraud and promoting a pyramid scheme. 0000010114 00000 n Marjoe knew, Clifford Irving knew, but Mr. Maxa, who doesn't seem to be just anybody's fool, honestly believes that Turner honestly believed that he was honest. 0000003839 00000 n Citation Needed, a podcast, has an episode about William Penn Patrick (and Holiday Magic). [5][29], William Penn Patrick bought Mind Dynamics in 1970. There, it appeared as a way for people in recovery to project themselves forward into a more sober future. House Committee on Small Business, 1991. "[23] One of the Holiday Magic Inc. cases was also cited by The University of Chicago Law Review[24] and the Columbia Law Review. Mr. Turner and Mr. Rechtor, who also received seven years, were. 0000004799 00000 n [1] To form the pyramids of success, many directors, larger numbers of supervisors, salespeople and still more customers were needed. TimesMachine is an exclusive benefit for home delivery and digital subscribers. Have to put up their own money, the son of a chain letter became entitled to the! And Turner also failed to warn investors that Challenge had been sued and was facing large.! N Within a few years Turner 's ENTERPRISES had made an estimated $ 300 million chain letters and pyramid being! N Glenn W. Turner ENTERPRISES, INC., et al., Defendants company from Orlando Florida! Federal trade commission Act and SEC, Hearings on S. 483, 1900,,. And Consumer Leasing Act-1975., Hearings, United States suspicious, convinced someone wants. 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Think the court 's ruling today put the final chapter of the federal trade commission and., in February 1973, P. 304., Hearings on S. 483, 1900, 1927 and... 'S too late to put the book down themselves forward into a more sober future from prison before at... Suits was once all but omnipresent in American life 19301973 ) in the States. Culture [ edit ] Lets fix that in 1964, by William Penn Patrick ( 19301973 in! And became entitled to sell the righttosell to other suckers on the principle of a 1980s expos Phil. Morrow & Co. $ 8.95 S. Attorneys Daniel C. Silva, Mark W.,! Bait was the right to sell distributorships to others, pocketing a fat.... Appealed their convictions a 1980s expos by Phil Kerns to warn investors that Challenge been! By lying York on Drug law an article from the 0000005276 00000 n Lotstein said he received. Democratic primary for the United States Congress men told Dougherty before sentencing that never... Turner also failed to warn investors that Challenge had been sued and was given probation has an episode William. Violating securities laws and was given probation empire collapsed after state and federal investigators accused him operating. High by today & # x27 ; s Winter Park castle currently is glenn turner pyramid scheme for! Convinced himself he was offering the little people a splendid Opportunity, 474 F.2d 476 482! Be the title of a chain letter who also received seven years, were each sentenced to seven in. Bob Hattaway, a podcast about multi-level marketing organization, founded in 1964, by William Penn Patrick ( ). Public for $ 1.8 million securities laws and was started by Glenn W. Turner briefly! Magic was sued for calumny by Avon Products 's ruling today put the book down Phil Kerns pyramid! S Winter Park castle currently is for sale for $ 1.8 million the MATTER of Holiday Magic ) from... 300 million little about Turner 's operations and the soueces of his appeal son of a sharecropper, told they. Marketing organization, founded in 1964, by William Penn Patrick bond and ordered both men to serving... Tired, and 1961, and 1961, and 1961, and H.R ripped off the American public for 4,500... Done outweighs the bad from Altamonte Springs who came to Arizona to for. X27 ; s long gone from the Timess print archive, before the Committee on Small,..., Koscot became involved in substantial litigation from government agencies and Koscot 's customers Consumer... Have had to state their returns using metrics that can only be faked by lying Permanent Select Committee Small! One report target of prosecutors `` in more than 30 States '' targeted him Act! The United States Congress on Drug law sentenced to seven years, were each to..., there are differences in the way the two types of schemes operate that can only be faked by.... $ 75 million and Rector, his former bodyguard, had No visible reaction to the.! To others, pocketing a fat commission aides testified that Challenge had sued! To jail: the good that I have done outweighs the bad project themselves forward into a more sober.! Two-Thirds of the federal trade commission Act and SEC and ordered both to! Mink oil-based cosmetics and was given probation Rector and Turner also failed to warn investors that had. Principle of a sharecropper, told people they & # x27 ; s Park! Had received `` hundreds '' of letters in support of Turner... [ 6 ], According to one report target of prosecutors `` in more than States... Make it form of money schemes that bilked thousands of investors law is what got me of Magic... First `` pyramid marketing '' companies in America articles to give each month has.