1. Lost Money
2. Lost reputation
3. Lost time
4. Lost selfesteem
Update: Here’s the FTC Chairperson’s DSA speech, it isn’t looking good for H.R. 5230, or any MLM scam like Amway and Herbalife, either. Too bad the FTC still doesn’t “get” the tool scam: https://www.ftc.gov/system/files/documents/public_statements/993473/ramirez_-_dsa_speech_10-25-16.pdf I would love to be a fly on this wall, especially the sidebar discussions: The DSA (Direct Selling Association) in the USA […]
A new bill is being circulated that, passed as is, would legalize illegal pyramids. It is H.R. 5230: https://www.congress.gov/114/bills/hr5230/BILLS-114hr5230ih.pdf The DSA is behind it, and probably wrote it: https://morningconsult.com/opinions/clear-definition-pyramid-schemes-will-prevent-fraud-protect-consumers/ Here’s a related video Amway released: https://www.youtube.com/watch?v=yFnluRO5u3w&feature=youtu.be and notice how they discuss lots of issues, but do NOT address the root cause of an illegal pyramid […]
Here’s an article from what many consider a respected source, but the authors obviously have no idea what they’re talking about when it comes to MLM scams, so I’ll deconstruct the content, line by line. Here’s the link to the story: https://www.eurasiareview.com/27082020-what-is-a-pyramid-scheme-distinguishing-the-term-from-legitimate-multi-level-marketing-practices-analysis What Is A Pyramid Scheme?: Distinguishing The Term From Legitimate Multi-level Marketing Practices – […]
UPDATE #3: If it wasn’t already obvious, the DSA (Don’t Sell Anything) lobby group supports this legislation, and probably wrote it: http://www.dsa.org/news/individual-press-release/direct-selling-association-announces-support-for-critical-consumer-protection-legislation-to-combat-pyramid-schemes UPDATE TO UPDATE: Now another MLM CEO has put in his two cents: http://thehill.com/blogs/congress-blog/politics/349537-anti-pyramid-measure-is-a-step-in-the-wrong-direction-for However, note how Frank hammers on inventory, and not retail sales. In fact, inventory is not an issue, as the bill allows […]
Below is an email I sent to a very wealthy investor I have been in contact with for several years who will go nameless. I intended to write this critique of a recent article written by Michelle Celarier: http://www.slate.com/articles/business/moneybox/2017/02/the_trump_era_will_be_a_boon_for_multilevel_marketing_companies.html and he requested I point out her errors, so this is the result: Keep in mind, I […]
In reponse to the FTC’s response to the DSA (Link: https://www.ftc.gov/system/files/documents/public_statements/1068663/response_to_dsa_letter_ramirez.pdf, Document: 2017 response_to_dsa_letter_ramirez) the following email was sent: To: lgreisman@ftc.gov Feb 19 at 10:44 PM Ms. Greisman, In regards to former FTC Chairwoman Edith Ramirez’ recent response letter to the DSA (https://www.ftc.gov/system/files/documents/public_statements/1068663/response_to_dsa_letter_ramirez.pdf), I offer the following information and insights: 1. The point in the first […]
The Stream/Ignite case has been in the courts since 2009. For background information, see http://behindmlm.com/companies/class-certification-in-texas-stream-pyramid-lawsuit-upheld/ The recent decision essentially shifts the burden of proof for a class action lawsuit to the defendant, absent any evidence from the defendant contrary to what the plaintiff is claiming: http://www.ca5.uscourts.gov/opinions/pub/14/14-20128-CV2.pdf There were some judges who disagreed with the majority, but their arguments […]