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...
Read MoreHerbalife: 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...
Read MoreNu 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...
Read MoreNewspaper 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...
Read MoreA 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...
Read MoreTexas 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...
Read MoreIs 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...
Read MoreCanadian Police Bring Criminal Fraud Charges against MLM, Business in Motion
Royal Canadian Mounted Police (RCMP) in the province of Manitoba in central Canada have brought criminal fraud charges against a prominent multi-level marketing company, its president and 12 of its promoters. The prosecution is a clear warning to any consumer about the risks of joining or recruiting for a multi-level marketing company. Previous lack of prosecution or claims of legality by the...
Read MoreAtlanta Newspaper Examines MLM Scheme, Stream Energy/Ignite
In a feature report, a major metropolitan newspaper, the Atlanta Journal-Constitution, examined the MLM scheme, Stream Energy/Ignite, focusing on the question of whether the company is operating a disguised pyramid scheme. Stream is a reseller of utility services, gas and electricity, and operates in several states. Ignite is the multi-level marketing sales division. The company uses a...
Read MoreMLM, Fortune High Tech, Reportedly Investigated by NC Attorney General
The MLM scheme, Fortune High Tech Marketing (FHTM), is now the target of an investigation by the North Carolina Attorney Generals Office, according to an article in the Wilmington, NC-based newspaper, Star News. The article notes that this company has already been prosecuted by state regulators in North Dakota and Montana and that it faces a class action lawsuit brought by consumers who accuse it...
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