Sep 6, 2010 | News, Scheme Alerts
One of the country’s fastest growing “direct selling” companies, called Fortune High Tech Marketing, was recently prosecuted by the state of Montana for operating an illegal pyramid scheme. Now, a group of distributors for the scheme has sued it,...Aug 4, 2010 | News, Scheme Alerts
The MLM scheme, ACN has been charged with operating as an illegal pyramid scheme by regulators in Montana. The charges brought by the state securities commissioner are depressingly familiar. They describe a predatory recruitment program based on outrageously false...Apr 29, 2010 | MLM, News, Pyramid Schemes, Scheme Alerts
The long and sad story of the Canadian MLM scheme, Business in Motion (BIM), may finally be ending. The scheme has sent letters to its investors (salespeople), announcing it may be closing down. As in all such schemes, the actual percentage of losers (nearly all lose)...Apr 29, 2010 | Legal, MLM, News, Scheme Alerts
Fortune High Tech Marketing Charged with Illegal Operations in Two States April, 2010 Update: The MLM scheme, Fortune High Tech Marketing, was ordered in ’09 to stop doing business in the state of North Dakota by state regulators. FHTM is one of fastest growing...Apr 20, 2010 | Legal, MLM, News, Scheme Alerts
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...Apr 20, 2010 | MLM, News, Scheme Alerts
Conflicts of Interest May Influence Better Business Bureau’s Arguments about MLM Scheme, IJango, which it Warns Is a "Pyramid Scheme" September, 2009 The Better Business Bureau is warning consumers that the new multi-level marketing scheme, IJango, may...