Feb 5, 2021 | Economics / Financial, False Profits, Legalities and Laws, News, Pyramid Scheme Politics
For all the news coverage, including a hilarious Samantha Bee commentary, interviews of tearful and angry victims, torrents of social media debate, and an upcoming film documentary, the state prosecution of the MLM, LuLaRoe, ended not with a bang for justice but...
Mar 4, 2020 | Economics / Financial, Individual / Social Impact, MLM, News, PSA in the Media
Yahoo Finance’s remarkable 3-episode podcast on multi-level marketing, Illegal Tender, Season 4, should be recognized as a milestone in business media coverage of MLM. For the first time – without equivocation and without entertaining even a hint of...
Dec 6, 2019 | Economics / Financial, False Profits, Pyramid Scheme Politics
(December, 2019) The fortunes of investors in the $20 Billion “multi-level marketing” sector of Wall Street hang, by an almost invisible thread, on law enforcement policy of the FTC. Following the Herbalife (HLF) prosecution in mid-2016, two more MLMs,...
Oct 24, 2019 | Economics / Financial, News
At least 12 million Americans that had been classified and counted as “direct sellers,” aka MLM, officially disappeared from the rolls. They stopped pursuing or even holding out hope for the legendary “unlimited” income. Legally, they are still contractors under...
Jul 20, 2019 | Economics / Financial, False Profits
In my files is an unpublished article written about five years ago. I described the surreal experience of constantly encountering or personally overhearing MLM recruiting soliictions, being personally told tragic and dramatic MLM stories by all sorts of people, and...
Jun 14, 2019 | Economics / Financial, False Profits, MLM, News
It is often said that recognizing “pyramid schemes” is difficult, complex, and confusing. Over the years that I studied “multi-level marketing”, I came to realize that the challenge of recognizing pyramid schemes is not complexity or disguise; it is political...