Montana vs. ACN, a David and Goliath Battle
Montana is a very large state with a famously big sky and vast natural resources, but in terms of consumer protection against the likes of the MLM scheme, ACN, it is a David facing off with a financial Goliath. Montana’s state securities commission is charging ACN with operating a pyramid scheme. It is seeking to collect fines and refunds from ACN for Montana consumers deceived and harmed...
Read MoreClass Action Lawsuit Calls MLM, Fortune High Tech Marketing, an Illegal Pyramid
One of the country’s fastest growing “direct selling” companies, called Fortune High Tech Marketing, was recently prosecuted by the state of Montana for operating an illegal pyramid scheme. Now, a group of distributors for the scheme has sued it, making essentially the same claims as the Montana regulators did. They are asking for restitution for all consumers who have lost...
Read MoreMLM Scheme, ACN, Charged with Operating Pyramid Scheme
The MLM scheme, ACN has been charged with operating as an illegal pyramid scheme by regulators in Montana. The charges brought by the state securities commissioner are depressingly familiar. They describe a predatory recruitment program based on outrageously false income claims and documented financial losses by the vast majority of all participants. The regulators’ charge that consumer...
Read MoreCanadian MLM, Business in Motion, Appears Doomed
The long and sad story of the Canadian MLM scheme, Business in Motion (BIM), may finally be ending. The scheme has sent letters to its investors (salespeople), announcing it may be closing down. As in all such schemes, the actual percentage of losers (nearly all lose) was pre-determined from the start. The closing only lays bare the fraudulent structure and ends the falsely raised hopes of...
Read MoreRegulators Charge Fortune Hi-Tech Marketing
Fortune High Tech Marketing Charged with Illegal Operations in Two States April, 2010 Update: The MLM scheme, Fortune High Tech Marketing, was ordered in ’09 to stop doing business in the state of North Dakota by state regulators. FHTM is one of fastest growing new versions of “endless chain” recruitment schemes based in the USA. Promoters are making the usual promises of high...
Read MoreCanadian Class Action Suit Against Amway
Canadian Consumers File Class Action Lawsuit Against Amway, Charging Deception and Pyramid Scheme November, 2009 A new class action lawsuit has been filed against Amway in Canada. Though unconnected to the recently released book by Eric Scheibeler, the new lawsuit asserts the very same charges against Amway in Canada that are detailed in the book: false income claims and a pyramid selling...
Read MoreBBB Warns IJango Is a Pyramid Scheme
Conflicts of Interest May Influence Better Business Bureau’s Arguments about MLM Scheme, IJango, which it Warns Is a "Pyramid Scheme" September, 2009 The Better Business Bureau is warning consumers that the new multi-level marketing scheme, IJango, may be a pyramid scheme. IJango founders have ties to a previous, now bankrupt, MLM, Excel Communications. Why is the BBB targeting...
Read MoreMannatech Pays Millions to Victims
State of Texas Prosecutes for False Marketing March, 2009 Mannatech Inc. will pay $6 million and its founder will pay $1 million to settle the Texas attorney general’s allegations that the company made false claims about the health benefits of its vitamins and supplements. Read the...
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