News

Why Wall Street Can’t Understand Multi-Level Marketing

How is it possible that some of Wall Street’s brightest people say they cannot figure out whether Herbalife and other MLMs are pyramid schemes or not? Why do so many journalists become flummoxed when delving into MLM pay plans, contracts, and “income disclosures.” And how is that millions of ordinary people lose substantial money in MLM yet many of them still proclaim...

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The Shocking Realities of MLM Injuries

On May 2, an extraordinary event was held in New York City in which courageous citizens who had been injured at the hands of the MLM, Herbalife and its recruiters, came forth publicly and told their MLM stories. This is a voice that has not been quiet, but, but rather has been ignored or suppressed for decades until now. The stories were told in a compelling documentary and then elaborated in...

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Fortune High Tech Rests in Peace while Zombie MLMs Stalk the Public

by Robert L. FitzPatrick, Pres. Pyramid Scheme Alert The popular and fast-growing multi-level marketing company, Fortune High Tech Marketing (FHTM), is now officially dead. A few of its top leaders are banned “for life” from participating in MLM companies and were required by the FTC to pay back millions of their ill-gotten gain. “In recent years, the scheme targeted Spanish-speaking and...

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Soul of MLM Examined

In a new, hour-long interview, Jordan Harbinger (The Art of Charm) asked PSA President, Robert FitzPatrick to explore the deepest, darkest elements of MLM. The interview examines how MLMs capture people’s dreams, take over their lives, and insinuate into families and communities. Harbinger’s interest sprang from his work to aid men in discovering their own power in being more attractive...

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White Paper Examines MLM Legality and Economic Legitimacy

The two top legal experts in America on pyramid schemes, attorneys Douglas M. Brooks and Bruce Craig, carefully researched and evaluated the federal court cases that define and outlaw pyramid selling schemes under Section 5 of the Federal Trade Commission Act. They applied these cases to the widespread practices of MLMs today to evaluate MLM legality. This is the most in-depth and current...

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What’s the Matter with Multi-Level Marketing

From all over the world, the people who visit the Pyramid Scheme Alert website ask the same two specific questions more often than they do all others.  (1) What about this MLM (fill in the MLM name), legitimate or scam? and (2) Are all MLMs bogus income opportunities? We  address that first question about specific MLM with  audio and text resources. Thousands of people have downloaded them and...

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Top 5 Events of 2013 in Pyramid Schemes and Multi-level Marketing

A summary and evaluation of the top 5 events involving pyramid schemes and multi-level marketing, affecting millions of households, is the theme of latest Update newsletter published by Pyramid Scheme Alert. The free newsletter is now  also available online. Among the topics covered: Overview of the efforts to expose the truth about the MLM, Herbalife, now raging on Wall Street and Main Street....

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Wall Street Piracy and Pyramid Mania Merge: An Analyis

Main Street and Wall Street are usually viewed as two separate worlds. Main Street concerns ordinary Americans, the workplace, community life, and individual hopes and beliefs about work, faith, family, service, health and security. Wall Street, today more so than in the past, is recognized as  a market for financial products that no longer reflects the general state of the economy. Wall Street...

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Lyoness: Euro-MLM Looks Just Like a “Made in the USA” Pyramid Scheme

Pyramid Scheme Alert is receiving an increasing number of questions and complaints from people in the USA and other countries about the Austrian-based multi-level marketing scheme, Lyoness. An MLM scheme  founded abroad and coming into the USA, after already claiming millions of members, is a new development, a form of “blow-back.” Multi-Level Marketing (MLM) was invented in America....

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Herbalife CEO Wants Distributors to Lobby to Keep Business in the Dark

Herbalife wants its distributors to tell Congress not to look into Herbalife’s business.  In a letter asking Herbalife distributors to send letters to Congress for Herbalife,  CEO Michael Johnson tells the distributors that its in their interests for basic facts about the company to remain hidden from them!  The letter begins, “I have an urgent request for you to email your Member of...

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