Pre-Paid Legal Hit with SEC Subpoena

October, 2009 The MLM, Pre-Paid Legal, has been served a subpoena from the Securities & Exchange Commission (SEC) demanding documents related to its treasury stock repurchase program, marketing practices, membership information, and disclosure practices, among...

China Leads New Crackdown on MLM Frauds

China Leads the World in Battling Illegal (USA-stlye) MLMs; New Crackdown on the Frauds” September, 2009 China is battling American-style MLM’s with armed police, arrests and public education. A new consumer organization has been formed to help consumers...

BBB 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,...

MLM Scheme Sued in Texas

Stream Energy in Texas, Sued for Operating a “Pyramid Scheme” August, 2009 The Texas-based MLM, Stream Energy, which sells gas and electric utility services in Texas and Georgia, has been sued for operating a pyramid scheme. The civil suit, which is...