Feb 28, 2019 | False Profits, Legalities and Laws, Pyramid Scheme Politics
After publishing a recent “Update” newsletter for Pyramid Scheme Alert, I was sent a correction by one reader to the statement that the FTC had not prosecuted any “MLMs” in the last two years. There had been at least two in early 2018, it was...
Jan 21, 2018 | False Profits, Legalities and Laws, News, Pyramid Scheme Politics
Consumers should be on the lookout for an entrapping and misleading document circulating and being widely referenced on the Internet entitled, “Business Guidance Concerning Multi-Level Marketing.” It purports to offer guidelines for legal and legitimate...
Mar 2, 2017 | False Profits, Legal, News, Pyramid Scheme Politics
Update: The proposed law promoted by the Direct Selling Association to protect “MLM” companies from future regulation, criminal prosecution and class action lawsuits was reintroduced in 2017 with changes, though the intent is the same. It is now called HR...
Jan 22, 2017 | False Profits, News, Pyramid Scheme Politics
Perhaps the clearest and most direct indicator of what is coming in America for pyramid scheme law enforcement and consumer protection occurred in recent week before the inauguration of president-elect, Donald Trump. Regulation and consumer protection are poised for a...
Mar 25, 2014 | Ethics, False Profits, Legalities and Laws, Pyramid Scheme Politics
According to the MLM companies, Herbalife, Nu Skin and Amway, and others, the great majority of people who sign sales contracts, join as “salespeople” and buy sales kits have absolutely no interest in being salespeople or in making any money at all in those...
Aug 26, 2012 | Ethics, False Profits, Legalities and Laws, Pyramid Scheme Politics
With Batman-like zeal, the SEC swooped in and closed down the multi-level marketing company, Zeek Rewards. Should we all feel safer now? Or should we be wondering why the SEC singled out this one MLM but left all the hundreds of others to run rampant? Zeek offered MLM...