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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.

CBS 60 Minutes Exposé of the MLM Scam, International Heritage Inc., Featuring an Interview of PSA President, Robert L. FitzPatrick by CBS Correspondent Mike Wallace (1999)

International Heritage Inc. (IHI) was based in North Carolina and was one of the fastest growing MLMs in the country. It was one of the last large MLMs to be prosecuted by the federal government before the FTC and SEC stopped law enforcement due to insider lobbying and political campaign contributions by the MLM industry. This short video documentary shows how IHI operated exactly in the same manner as hundreds of others do today that are not being prosecuted.

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 1/3/10