Jan 13, 2020 | False Profits, Legalities and Laws, Pyramid Scheme Politics
People who free themselves from “MLM” painfully discover an intertwining web of fake income promises, pretenses to “direct selling” and cruel manipulations to induce false hope and constant purchasing. Yet, there is one more layer of deception they often do not...Feb 4, 2019 | MLM, News, Pyramid Schemes
Hidden, Obscured and Denied… Author Robert L. FitzPatrick, Pres. of Pyramid Scheme Alert has published an eye-opening, succinct exposition of the realities of “multi-level marketing.” The newly published booklet is a distillation of years of research,...
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...