Aug 25, 2008 | Economics / Financial, False Profits, Legalities and Laws
Amway is foundering and fighting for its life. New upstarts are challenging it, riding on the political and legal highway that Amway paved. Though Amway is huge, it also is hugely vulnerable, a house of cards. The newly challenging MLMs use all the tricks that Amway...
Aug 11, 2008 | Economics / Financial, False Profits, Legalities and Laws
The multi-level marketing (MLM) company, Your Travel Biz.com (YTB), is being prosecuted for fraud by the Attorney General of California. And now, a class action lawsuit has also been filed against YTB by some of its agents for operating a pyramid scheme. Over 100,000...
Aug 7, 2008 | False Profits, Legalities and Laws
The multi-level marketing scheme, Your Travel Biz.com, which is now being sued by the California Attorney General as a “gigantic pyramid scheme,” won membership in the Direct Selling Association in 2007. DSA is the lobbying and trade group for multi-level...
Aug 1, 2008 | Economics / Financial, False Profits
Consumer advocate and False Profits blog follower, Frank Thomas (July 31, 2008 Comment in Economics/Financial category) states the unsayable and, for some, the unthinkable — that “a good MLM” is an oxymoron and “the MLM business model is...