FTC JOINS MLM’S “LEGIONS OF LOSERS”

Under the subtitle “Legions of Losers”, the first chapter of PONZINOMICS begins: “Those who encounter enterprises such as Amway, Nu Skin, Mary Kay, Avon, Usana, and hundreds of others, have a universal experience: loss. The failure of millions each year is...

What MLM Is, and What To Do About It

by Robert L. FitzPatrick #1: MLM Is Not “Business”; MLM Is Not “Direct Selling” MLM contracts are never voluntary. Necessary information is always withheld. A fair exchange of value does not occur. The MLM financial proposition is inherently deceptive and harmful....

The Fraudulence of “Fake It Till You Make It”

by Robert L. FitzPatrick I was quoted and a link to my book, False Profits, was included in a recent article in the Washington Post  that probed the aphorism, “Fake It Till You Make It”, which now pervades our culture as a recommended strategy for...