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Pyramid Scheme Alert (PSA) provides current and historical news items that are of interest to our members and visitors. None of the reports or commentaries is intended to imply that any of the referenced companies have been charged or convicted as illegal pyramid schemes.

In September, 2006, Robert L. FitzPatrick, President of Pyramid Scheme Alert and author of False Profits, was a featured speaker at the annual meeting of the Association of Certified Fraud Specialists in San Francisco. ACFS members are federal and state regulators, private investigators, accountants, and corporate auditors. The presentation is 50 minutes in length. MP3

FitzPatrick Speech

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Now Available,
Updated, Revised and Expanded

  • The most comprehensive and easily understood analysis of Multi-level Marketing
  • The true facts about MLM income promises and claims.
  • Eleven (11) MLMs Analyzed with Income Data
  • Charts on each MLM with Summaries and Explanation

Read before you invest… Read if your friends or family want you to join an MLM… Read to understand why and how money is made and lost in MLM.

This page last updated on 8/13/08