Nov 11, 2010 | Legal, MLM, News, PSA in the Media, Pyramid Schemes, Scheme Alerts
Amway is the largest, oldest and best known representative of “multi-level marketing” (MLM). It is the most prominent member of the Direct Selling Association. This icon of “direct selling” just announced that it has agreed to pay restitution...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...
Aug 25, 2008 | Economics / Financial, False Profits, Legalities and Laws
Amway is foundering and fighting for its life. New upstarts are challenging it, riding on the political and legal highway that Amway paved. Though Amway is huge, it also is hugely vulnerable, a house of cards. The newly challenging MLMs use all the tricks that Amway...
Aug 11, 2008 | Economics / Financial, False Profits, Legalities and Laws
The multi-level marketing (MLM) company, Your Travel Biz.com (YTB), is being prosecuted for fraud by the Attorney General of California. And now, a class action lawsuit has also been filed against YTB by some of its agents for operating a pyramid scheme. Over 100,000...