Financial regulators in India have charged the Amway Corporation with a financial crime: running a $7 billion “money laundering” scam. Amway’s “multi-level marketing” enterprise is described as “pyramid fraud in the guise of direct selling.” This...
Financial regulators in India have taken one of the most significant government actions against MLM in recent history. It will be examined by FTC and SEC in the USA and similar regulators around the world. The Enforcement Directorate (ED), a federal law...
The Federal Trade Commission (FTC) announced it will consider a new “earnings rule” to restrict false or misleading “earning claims” by companies, including multi-level marketing. It is asking consumers to send comments. This is good, yes? Well, better than...
On Feb. 17, the Federal Trade Commission (FTC) announced it would begin a long-term process of possibly making a rule against deceptive “earnings claims.” Many opponents and critics of multi-level marketing are hopeful this first step in possible FTC...
PONZINOMICS, the first, and so far still the only book to comprehensively cover the MLM phenomenon, has been available one year now. Author Robert FitzPatrick offers lessons and observations from the one-year perspective. Spoiler: Documenting the truth about MLM is...
The classic “defenses” used to confuse, divert, and entrap consumers in MLM pyramid schemes are addressed – and dispatched one by one – in a new YouTube interview. Jason Tsang Zoom Interviews Robert FitzPatrick on MLM “Defenses” The interview...