Jun 14, 2019 | Economics / Financial, False Profits, MLM, News
It is often said that recognizing “pyramid schemes” is difficult, complex, and confusing. Over the years that I studied “multi-level marketing”, I came to realize that the challenge of recognizing pyramid schemes is not complexity or disguise; it is political...
May 30, 2019 | Economics / Financial, False Profits, Legalities and Laws, Pyramid Scheme Politics
The big story about the MLM, Advocare, dropping out of MLM and adopting a “single-level” system (actual direct selling) supposedly as a result of “confidential talks” with the FTC is highly suspicious on its face. At its website, Advocare states: On May 17, AdvoCare...
Jan 22, 2017 | False Profits, News, Pyramid Scheme Politics
Perhaps the clearest and most direct indicator of what is coming in America for pyramid scheme law enforcement and consumer protection occurred in recent week before the inauguration of president-elect, Donald Trump. Regulation and consumer protection are poised for a...
Jul 30, 2010 | False Profits, Individual / Social Impact, PSA in the Media
Since the book, False Profits, was published in 1998, scores of journalists, including CBS 60 Minutes, Wall Street Journal, London Times, BBC and many daily newspapers, each have conducted interviews and presented news stories, feature articles or radio and television...
Mar 4, 2010 | Economics / Financial, Ethics, False Profits
Consumers often ask: Even if multi-level marketing companies are pseudo-businesses, pyramid schemes and financial traps, couldn’t they run legally if they just disclosed how they are structured and operate, the actual financial loss rates, the quitting/turnover rates,...