Dec 28, 2020 | False Profits, Individual / Social Impact, News
The fascinating and shocking documentary on HBO, The Vow, is a gripping true story about a strikingly unremarkable person, Keith Raniere, who somehow made dozens of young women his “sex slaves.” As part of a cultic program that he named, NXIVM, pretentiously...
Mar 23, 2020 | Ethics, False Profits, Individual / Social Impact
What everyone knows, yet few will say, is that the greatest injury suffered by MLM victims is not dollar losses. It is the blow to the soul, an injury that may be carried unhealed throughout life. It is a shock to self-esteem, trust and social capital. MLM injury...
Mar 4, 2020 | Economics / Financial, Individual / Social Impact, MLM, News, PSA in the Media
Yahoo Finance’s remarkable 3-episode podcast on multi-level marketing, Illegal Tender, Season 4, should be recognized as a milestone in business media coverage of MLM. For the first time – without equivocation and without entertaining even a hint of...
Apr 13, 2019 | Economics / Financial, False Profits, Individual / Social Impact, PSA in the Media
News and feature articles on “multi-level marketing” are now a distinct genre in the media. I should know. I am frequently interviewed for them. I and several colleagues play a small (about two sentences usually) but essential part in the MLM-genre....
Aug 22, 2014 | Economics / Financial, False Profits, Individual / Social Impact
Normally, a social or economic phenomenon, in which as many as 15 million American households participate year after year and which involves intrusive and sometimes disruptive personal and social interactions in addition to potentially thousands of dollars of lost...
Jul 31, 2013 | Economics / Financial, False Profits, Individual / Social Impact
When pyramid schemes ignite on Main Streets anywhere in the world, the ensuing manias have been compared to a wildfire, a stampede, a mob-like madness. The rallying cries of “get in now, ground-floor opportunity, unlimited income!” are spread virus-like in...