Scheme Alerts

Visalus Sued for Racketeering, Pyramid Fraud

The text of a new lawsuit filed against the MLM, Visalus, paints a vivid picture complete with video links and color photos. The suit was filed by the law firms, Sommers Schwartz in Southfield Michigan, Prebeg, Faucett & Abbott in Houston  and Wexler Wallace in Chicago, which are also suing the “engergy” MLM, Stream/Ignite. The  text of the lawsuit declares...

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Visalus: Red Flags and News Items of Interest

MLM, Visalus, IPO Pulled Off the Market, Questions Raised The MLM, Visalus Sciences, that also sells diet products and is a subsidiary of the MLM, Blyth Industry (BTH), suddenly began to show 500% growth, caused largely by a massive recruitment drive based on promises of income and that drew thousands of income-seeking consumers from other MLM companies. Leveraging its extraordinary revenue...

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Lyoness: Red Flags and News Items of Interest

A European-based website (in English) that offers news and analysis on Lyoness A video news presentation from Austria with English sub-titles. It is thorough. Worth the time to watch. Straightforward and insightful analysis, the Blog, “MLM The American Dream Made Nightmare”. See the Wikipedia description of Lyoness. Go the “controversy” and “legality”...

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What’s Your Herbalife Story?

Herbalife is at the center of headline news stories right now. Major investors are calling Herbalife a “pyramid scheme” 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 Herbalife pay plan, not just to get the products.  And they say that few Herbalife...

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Herbalife: Red Flags and News Items of Interest

Major Hedge Fund Manager Charges that Herbalife Is an Illegal Pyramid Scheme; (this website offers a rich resource of information about charges and evidence of deception at Herbalife).   News Media Interviews with Hedge Fund Manager on Herbalife Pyramid Charges: CNBC Bloomberg   More Signs of Herbalife Pyramid Scheme Cited by Pyramid Scheme Alert  The Case of Herbalife’s Missing...

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Nu Skin: Red Flags and News Items of Interest

Nu Skin Facing Whistle Blower  Why Did Nu Skin’s Stock Drop? Wall Street Asking Questions about Nu Skin and other Publicly Traded MLMs Judge: Whistle Blower Can Call Nu Skin a Pyramid...

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Newspaper Series Explores Cult Connection to MLM, NXIVM

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 female members, legal harassment...

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A European Court Rules: “Herbalife Is an Illegal Pyramid Scheme”

There are two icons of MLM that represent all the others of that “industry”. They are among the oldest and largest MLMs, and they have spread to most other countries worldwide. One is Amway. The other is Herbalife. Herbalife has just been ruled an illegal pyramid scheme by a court in Belgium. A case had been brought against Herbalife in Belgium by a non-profit consumer protection...

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Texas AG Forces MLM, Fortune High Tech Marketing, to Pay Refunds

Fortune High Tech Marketing (FHTM), the darling of the multi-level marketing industry when it was launched by former recruiters of the bankrupt MLM, Excel Communications, has been hit by regulators in yet another state. Texas consumers who were involved in the scheme may be entitled to refunds, totalling more than $1.3 million. The company has also agreed to pay hundreds of thousands of dollars...

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Is Social Security a Ponzi Scheme? Pyramid Scheme Alert Answers: NO!

Since its founding 11 years ago, Pyramid Scheme Alert has battled an epidemic of Ponzi and Pyramid Schemes in the USA and internationally. The schemes operate as multi-level marketing, home-based businesses, gifting clubs, investment schemes, buying clubs and under other disguises. Our Directors, Advisers and supporters have researched and analyzed pyramid schemes and have worked to clarify what...

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