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	<title>Pyramid Scheme Alert &#187; News</title>
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	<link>http://pyramidschemealert.org</link>
	<description>The first international organization to expose, study and prevent pyramid schemes.</description>
	<lastBuildDate>Tue, 14 May 2013 22:30:21 +0000</lastBuildDate>
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		<title>Regulators Asked to Investigate Herbalife</title>
		<link>http://pyramidschemealert.org/regulators-asked-to-investigate-herbalife/</link>
		<comments>http://pyramidschemealert.org/regulators-asked-to-investigate-herbalife/#comments</comments>
		<pubDate>Tue, 14 May 2013 19:38:17 +0000</pubDate>
		<dc:creator>Robert FitzPatrick</dc:creator>
				<category><![CDATA[News]]></category>
		<category><![CDATA[Federal Trade Commission]]></category>
		<category><![CDATA[Fortune High Tech Marketing]]></category>
		<category><![CDATA[FTC]]></category>
		<category><![CDATA[Herbalife]]></category>
		<category><![CDATA[MLM]]></category>
		<category><![CDATA[multi-level marketing]]></category>
		<category><![CDATA[Network marketing]]></category>
		<category><![CDATA[North Carolina]]></category>
		<category><![CDATA[Pyramid Scheme Alert]]></category>
		<category><![CDATA[Pyramid Schemes]]></category>
		<category><![CDATA[Roy Cooper]]></category>

		<guid isPermaLink="false">http://pyramidschemealert.org/?p=1542</guid>
		<description><![CDATA[Pyramid Scheme Alert has sent an official request letter to  to the United States Federal Trade Commission&#8217;s  (FTC) Acting Director of the Consumer Protection Bureau asking that the agency initiate an investigation of the multi-level marketing company, Herbalife. The letter included a statistical analysis of the actual payments made by Herbalife to &#8220;Supervisors&#8221;, the upper level [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>MLM Trade/Lobbying Group&#8217;s Defense of Herbalife Challenged</title>
		<link>http://pyramidschemealert.org/mlm-tradelobbying-groups-defense-of-herbalife-challenged/</link>
		<comments>http://pyramidschemealert.org/mlm-tradelobbying-groups-defense-of-herbalife-challenged/#comments</comments>
		<pubDate>Fri, 10 May 2013 17:43:14 +0000</pubDate>
		<dc:creator>Robert FitzPatrick</dc:creator>
				<category><![CDATA[MLM]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Direct Selling Association]]></category>
		<category><![CDATA[DSA]]></category>
		<category><![CDATA[Herbalife]]></category>
		<category><![CDATA[multi-level marketing]]></category>
		<category><![CDATA[Pyramid Scheme Alert]]></category>
		<category><![CDATA[Pyramid Schemes]]></category>
		<category><![CDATA[scam]]></category>

		<guid isPermaLink="false">http://pyramidschemealert.org/?p=1499</guid>
		<description><![CDATA[Pyramid Scheme Alert has called into question the basis for and the ethical standards of the Direct Selling Asssociation&#8217;s (DSA) defense of the multi-level marketing company, Herbalife. The DSA&#8217; s president, Joseph Mariano, issued a statement in March that a request for an FTC investigation of Herbalife by the National Consumers League and various Wall [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>What&#8217;s Your Herbalife Story?</title>
		<link>http://pyramidschemealert.org/whats-your-herbalife-story/</link>
		<comments>http://pyramidschemealert.org/whats-your-herbalife-story/#comments</comments>
		<pubDate>Fri, 28 Dec 2012 18:03:24 +0000</pubDate>
		<dc:creator>Robert FitzPatrick</dc:creator>
				<category><![CDATA[Action Alerts]]></category>
		<category><![CDATA[MLM]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Scheme Alerts]]></category>
		<category><![CDATA[Herbalife]]></category>
		<category><![CDATA[multi-level marketing]]></category>
		<category><![CDATA[Network marketing]]></category>
		<category><![CDATA[pyramid]]></category>
		<category><![CDATA[Pyramid Schemes]]></category>

		<guid isPermaLink="false">http://pyramidschemealert.org/?p=1455</guid>
		<description><![CDATA[Herbalife is at the center of headline news stories right now. Major investors are calling Herbalife a &#8220;pyramid scheme&#8221; and a money trap. They report that 99% of all who sign up never make a profit. They say the products are overpriced and most people join up in the hopes of making money in the [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>Wall Street Investor Accuses Herbalife of Running Pyramid Scam</title>
		<link>http://pyramidschemealert.org/wall-street-investor-accuses-herbalife-of-running-pyramid-scam/</link>
		<comments>http://pyramidschemealert.org/wall-street-investor-accuses-herbalife-of-running-pyramid-scam/#comments</comments>
		<pubDate>Mon, 24 Dec 2012 20:54:54 +0000</pubDate>
		<dc:creator>Robert FitzPatrick</dc:creator>
				<category><![CDATA[News]]></category>
		<category><![CDATA[Ackman]]></category>
		<category><![CDATA[fraud]]></category>
		<category><![CDATA[Herbalife]]></category>
		<category><![CDATA[multi-level marketing]]></category>
		<category><![CDATA[Pershing]]></category>
		<category><![CDATA[Ponzi Scheme]]></category>
		<category><![CDATA[Pyramid Schemes]]></category>

		<guid isPermaLink="false">http://pyramidschemealert.org/?p=1437</guid>
		<description><![CDATA[In a remarkable new development, a major Wall Street Hedge Fund has entered the movement to reveal the truth about multi-level marketing. Aiming at one of the MLM industry&#8217;s icon&#8217;s, Herbalife, Hedge Fund owner, Bill Ackman of Pershing Square Capital Management, delivered a 300+ slide presentation to top investors and analysts. He charged that Herbalife is [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>2012 Round-Up: Crimes, Misdemeanors and Charges in Multi-Level Marketing</title>
		<link>http://pyramidschemealert.org/2012-round-up-crimes-misdemeanors-and-charges-in-multi-level-marketing/</link>
		<comments>http://pyramidschemealert.org/2012-round-up-crimes-misdemeanors-and-charges-in-multi-level-marketing/#comments</comments>
		<pubDate>Fri, 14 Dec 2012 20:20:57 +0000</pubDate>
		<dc:creator>Robert FitzPatrick</dc:creator>
				<category><![CDATA[Legal]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Amway]]></category>
		<category><![CDATA[fraud]]></category>
		<category><![CDATA[Herbalife]]></category>
		<category><![CDATA[Medifast]]></category>
		<category><![CDATA[MLM]]></category>
		<category><![CDATA[multi-level marketing]]></category>
		<category><![CDATA[Network marketing]]></category>
		<category><![CDATA[Nu Skin]]></category>
		<category><![CDATA[ponzi]]></category>
		<category><![CDATA[Pyramid Scheme Alert]]></category>
		<category><![CDATA[scam]]></category>
		<category><![CDATA[Usana]]></category>
		<category><![CDATA[Visalus]]></category>
		<category><![CDATA[Your Travel Business]]></category>
		<category><![CDATA[YTB]]></category>
		<category><![CDATA[Zeek]]></category>

		<guid isPermaLink="false">http://pyramidschemealert.org/?p=1396</guid>
		<description><![CDATA[In 2012, there were several publicized events that, along with other similar events over the least several years, indicate pervasive fraud in the multi-level marketing field and call out for a new and comprehensive investigation of this industry by regulators at the FTC, SEC, state Attorneys General and the new Consumer Financial Protection Bureau (CFPB): [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Judge: Whistle Blower Can Call Nu Skin a Pyramid Scheme</title>
		<link>http://pyramidschemealert.org/judge-whistle-blower-can-call-nu-skin-a-pyramid-scheme/</link>
		<comments>http://pyramidschemealert.org/judge-whistle-blower-can-call-nu-skin-a-pyramid-scheme/#comments</comments>
		<pubDate>Tue, 16 Oct 2012 16:55:27 +0000</pubDate>
		<dc:creator>Robert FitzPatrick</dc:creator>
				<category><![CDATA[MLM]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Herbalife]]></category>
		<category><![CDATA[lawsuit]]></category>
		<category><![CDATA[multi-level marketing]]></category>
		<category><![CDATA[Network marketing]]></category>
		<category><![CDATA[Nu Skin]]></category>
		<category><![CDATA[Pyramid Schemes]]></category>
		<category><![CDATA[Van Nederveen]]></category>

		<guid isPermaLink="false">http://pyramidschemealert.org/?p=1352</guid>
		<description><![CDATA[A state judge in Utah modified an earlier decision and now has ruled that a prominent Nu Skin whistle-blower is legally allowed to call that company an illegal pyramid scheme, based on the whistle-blower&#8217;s analysis, direct experience and knowledge of the Nu Skin business. The ruling is a victory for free speech and a setback [...]]]></description>
		<wfw:commentRss>http://pyramidschemealert.org/judge-whistle-blower-can-call-nu-skin-a-pyramid-scheme/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Nu Skin Facing the Ultimate Whistle-Blower</title>
		<link>http://pyramidschemealert.org/nu-skin-facing-the-ultimate-whistle-blower/</link>
		<comments>http://pyramidschemealert.org/nu-skin-facing-the-ultimate-whistle-blower/#comments</comments>
		<pubDate>Sun, 03 Jun 2012 23:31:16 +0000</pubDate>
		<dc:creator>Robert FitzPatrick</dc:creator>
				<category><![CDATA[MLM]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Diederik van Nederveen]]></category>
		<category><![CDATA[Einhorn]]></category>
		<category><![CDATA[Herbalife]]></category>
		<category><![CDATA[multi-level marketing]]></category>
		<category><![CDATA[Network marketing]]></category>
		<category><![CDATA[Nu Skin]]></category>
		<category><![CDATA[Nu Skin Enterprise]]></category>
		<category><![CDATA[Nuskin]]></category>
		<category><![CDATA[pyramid]]></category>
		<category><![CDATA[Pyramid Scheme Alert]]></category>
		<category><![CDATA[SEC]]></category>
		<category><![CDATA[Tillotson]]></category>

		<guid isPermaLink="false">http://pyramidschemealert.org/?p=1269</guid>
		<description><![CDATA[According to investigative journalists and corporate intelligence professionals, multi-level marketing (MLM) companies  are unique in the business world for extreme secrecy, a &#8220;need to know only&#8221; communication network,  and a strict code of silence toward outsiders. Ex-employees and ex-distributors seldom have useful information, often admitting they know nothing about the company&#8217;s inner workings or even understand [...]]]></description>
		<wfw:commentRss>http://pyramidschemealert.org/nu-skin-facing-the-ultimate-whistle-blower/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Is Wall Street Waking Up To MLM&#8217;s Flawed Business Model?</title>
		<link>http://pyramidschemealert.org/is-wall-street-waking-up-to-mlms-flawed-business-model/</link>
		<comments>http://pyramidschemealert.org/is-wall-street-waking-up-to-mlms-flawed-business-model/#comments</comments>
		<pubDate>Fri, 01 Jun 2012 16:53:23 +0000</pubDate>
		<dc:creator>Robert FitzPatrick</dc:creator>
				<category><![CDATA[Legal]]></category>
		<category><![CDATA[MLM]]></category>
		<category><![CDATA[News]]></category>

		<guid isPermaLink="false">http://pyramidschemealert.org/?p=1201</guid>
		<description><![CDATA[A highly unusual event occurred in May, 2012 that drastically affected businesses and individuals who invest in the stocks of multi-level marketing (MLM) companies. A hedge fund manager – who is famous for rigorous research, uncanny insight into future trends and for selling &#8221;short&#8221; the companies that he thinks are unsustainable – publicly asked a few pointed [...]]]></description>
		<wfw:commentRss>http://pyramidschemealert.org/is-wall-street-waking-up-to-mlms-flawed-business-model/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Half of Amway&#8217;s Products Are Retailed. Really! Plus Other Wacky Numbers</title>
		<link>http://pyramidschemealert.org/half-of-amways-products-are-retailed-really-plus-other-wacky-numbers/</link>
		<comments>http://pyramidschemealert.org/half-of-amways-products-are-retailed-really-plus-other-wacky-numbers/#comments</comments>
		<pubDate>Wed, 21 Mar 2012 15:17:55 +0000</pubDate>
		<dc:creator>Robert FitzPatrick</dc:creator>
				<category><![CDATA[Legal]]></category>
		<category><![CDATA[MLM]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Pyramid Schemes]]></category>
		<category><![CDATA[Amway]]></category>
		<category><![CDATA[fraud]]></category>
		<category><![CDATA[FTC]]></category>
		<category><![CDATA[multi-level marketing]]></category>
		<category><![CDATA[Network marketing]]></category>
		<category><![CDATA[ponzi]]></category>
		<category><![CDATA[Ponzi Scheme]]></category>
		<category><![CDATA[PSA]]></category>
		<category><![CDATA[Pyramid Scheme Alert]]></category>
		<category><![CDATA[Wall Street Journal]]></category>

		<guid isPermaLink="false">http://pyramidschemealert.org/?p=1181</guid>
		<description><![CDATA[In a recent video interview with Amway executives, Doug DeVos and Steve Van Andel, a Wall Street Journal reporter asked them a probing and revealing question. In fact, before the interview, the reporter for the Wall Street Journal emailed Pyramid Scheme Alert to ask for questions to pose to Amway&#8217;s top executives. The question that [...]]]></description>
		<wfw:commentRss>http://pyramidschemealert.org/half-of-amways-products-are-retailed-really-plus-other-wacky-numbers/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Newspaper Series Explores Cult Connection to MLM, NXIVM</title>
		<link>http://pyramidschemealert.org/newspaper-series-explores-cult-connection-to-mlm-nxivm/</link>
		<comments>http://pyramidschemealert.org/newspaper-series-explores-cult-connection-to-mlm-nxivm/#comments</comments>
		<pubDate>Thu, 23 Feb 2012 16:36:22 +0000</pubDate>
		<dc:creator>Robert FitzPatrick</dc:creator>
				<category><![CDATA[MLM]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Pyramid Schemes]]></category>
		<category><![CDATA[Scheme Alerts]]></category>
		<category><![CDATA[commercial cults]]></category>
		<category><![CDATA[Consumers' BuyLine]]></category>
		<category><![CDATA[cult]]></category>
		<category><![CDATA[cultism]]></category>
		<category><![CDATA[NXIVM]]></category>

		<guid isPermaLink="false">http://pyramidschemealert.org/?p=1164</guid>
		<description><![CDATA[The lethal combination of cult and pyramid in a multi-level marketing company was vividly explored in a recent newspaper series on the multi-level marketing company, NXIVM (pronounced like the acid reflux “purple” pill). The four-part series in the Albany Times Union by James M. Odato and Jennifer Gish chronicles lawsuits, accusations of sexual abuse of [...]]]></description>
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		<slash:comments>0</slash:comments>
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