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Who Loses If Herbalife Is Not Investigated or Prosecuted

Who Loses If Herbalife Is Not Investigated or Prosecuted

May 12, 2013 | Economics / Financial, False Profits, Individual / Social Impact

After William Ackman of the hedge fund, Pershing Square Capital, made his now famous slide presentation in which he charged that Herbalife is an illegal pyramid scheme that should be prosecuted by the FTC and the SEC, the debate soon shifted away from Herbalife itself...
Who Loses If Herbalife Is Not Investigated or Prosecuted

The Cult of MLM

Feb 21, 2012 | Ethics, False Profits, Individual / Social Impact

 Don’t Even Say It! There are two taboo terms in the world of multi-level marketing (MLM). One is “pyramid scheme”. The other, which is even more vehemently denied, is “cult”. Many people understand cults to be dangerous restrictions on freedom and individuality. The...
Who Loses If Herbalife Is Not Investigated or Prosecuted

A Typical Phone Call from an Amway (or other MLM) Hopeful

Oct 28, 2011 | Economics / Financial, Individual / Social Impact

MLM Hopeful: I just read your article, “The 10 Big Lies of Multi-Level Marketing.” I was wondering when you wrote it and if you still stand by it? FitzPatrick: Are you asking me about something in particular? MLM Hopeful: Well, I’ve heard that Amway is now a $10...
Who Loses If Herbalife Is Not Investigated or Prosecuted

Amway’s Deceptions

Nov 21, 2010 | Economics / Financial, Ethics, False Profits, Individual / Social Impact, Legalities and Laws, Pyramid Scheme Politics

The settlement of the consumer class action suit in which, responding to criminal fraud charges, Amway has agreed to pay $150 million in restitution raises, again, the unavoidable questions: What, if anything, is true and legitimate about Amway? How deep is its...
Who Loses If Herbalife Is Not Investigated or Prosecuted

Naked Truth: Penn & Teller Nail MLM

Jul 30, 2010 | False Profits, Individual / Social Impact, PSA in the Media

Since the book, False Profits, was published in 1998, scores of journalists, including CBS 60 Minutes, Wall Street Journal, London Times, BBC and many daily newspapers, each have conducted interviews and presented news stories, feature articles or radio and television...
Who Loses If Herbalife Is Not Investigated or Prosecuted

Yes, But What About this One?

Oct 26, 2009 | Economics / Financial, False Profits, Individual / Social Impact

Day after day after day, Pyramid Scheme Alert receives consumer inquiries about various multi-level marketing schemes, and the question is always the same: “What about this one?” In the last few months alone, here are just some of the schemes that consumers asked...
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Ponzis and Pyramids is a consumer education audio series that examines multi-level marketing and revealing the similarities between Wall Street Ponzis and Main Street Pyramids.

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Read more up-to-date news and information about multi-level marketing schemes. Robert L. FitzPatrick, the publisher, is the co-author of the book, False Profits, the first book-length analysis of pyramid schemes and multi-level marketing ever published. He is also founder and president of Pyramid Scheme Alert.
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