Gold Quest Leaders Arrested in Iran

December, 2009 Iran joins other countries in efforts to protect citizens from multi-level marketing(MLM) scams. The MLM scheme, Gold Quest, which was a knock-off of the former US-based MLM scheme, Gold Unlimited, was banned in Iran in 2005. It has also been prosecuted...

Canadian Class Action Suit Against Amway

Canadian Consumers File Class Action Lawsuit Against Amway, Charging Deception and Pyramid Scheme November, 2009 A new class action lawsuit has been filed against Amway in Canada. Though unconnected to the recently released book by Eric Scheibeler, the new lawsuit...

MLM Scheme Sued in Texas

Stream Energy in Texas, Sued for Operating a "Pyramid Scheme" August, 2009 The Texas-based MLM, Stream Energy, which sells gas and electric utility services in Texas and Georgia, has been sued for operating a pyramid scheme. The civil suit, which is seeking...

Own My Travel Sued by SEC

Florida-based MLM, Own My Travel, Is Sued by SEC for Operating a Pyramid Scheme August, 2009 A small MLM in Florida called Own My Travel has been sued by the Securities and Exchange Commission for operating a pyramid scheme and selling unregistered securities. The...

MLM Travel Scheme May Be Finished Off by State Regulators

May, 2009 California state regulators are doing what the Federal Trade Commission (FTC) will not do – protect the public from pyramid selling scams, also called “business opportunity frauds.” The latest example is the scheme, Your Travel Biz.com, a...