Apr 10, 2025 | Economics / Financial, False Profits, MLM, News, PSA in the Media, Pyramid Schemes
The new book, CULTS LIKE US by Jane Borden, published by Simon & Schuster, identifies multi-level marketing (MLM) as an American cult movement that employs coercive mind control and exhibits all other dangerous traits associated with destructive cults. The book...
Jul 31, 2013 | Economics / Financial, False Profits, Individual / Social Impact
When pyramid schemes ignite on Main Streets anywhere in the world, the ensuing manias have been compared to a wildfire, a stampede, a mob-like madness. The rallying cries of “get in now, ground-floor opportunity, unlimited income!” are spread virus-like in...
May 12, 2013 | Economics / Financial, False Profits, Individual / Social Impact
After William Ackman of the hedge fund, Pershing Square Capital, made his now famous slide presentation in which he charged that Herbalife is an illegal pyramid scheme that should be prosecuted by the FTC and the SEC, the debate soon shifted away from Herbalife itself...