Dec 6, 2019 | Economics / Financial, False Profits, Pyramid Scheme Politics
(December, 2019) The fortunes of investors in the $20 Billion “multi-level marketing” sector of Wall Street hang, by an almost invisible thread, on law enforcement policy of the FTC. Following the Herbalife (HLF) prosecution in mid-2016, two more MLMs,...
May 30, 2019 | Economics / Financial, False Profits, Legalities and Laws, Pyramid Scheme Politics
The big story about the MLM, Advocare, dropping out of MLM and adopting a “single-level” system (actual direct selling) supposedly as a result of “confidential talks” with the FTC is highly suspicious on its face. At its website, Advocare states: On May 17, AdvoCare...
Apr 5, 2019 | Ethics, False Profits, Pyramid Scheme Politics
“Calling a person a “liar” used to be one of the worst things you could say about somebody personally,” a friend recently commented. He was referring, ruefully, to the president of the United States being routinely characterized as a liar,...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...