1. Lost Money
2. Lost reputation
3. Lost time
4. Lost selfesteem
There are two great developments shining a bright light on MLM scams like Amway and Herbalife:
As if we didn't already suspect widespread DSA nonenforcement of MLM health claims and the DSA's "self regulation" was total BS, here's the proof. Of course, the list includes the two largest MLM scams on the planet, Amway and Herbalife: https://www.truthinadvertising.org/dsa-ignoring-illegal-hea... read more
In the only country I know of where Amway stock is publicly traded, probably because it is required in order for Amway to do business there, we get a peak that the worldwide 8.5% decrease two years ago and an additional 12.5% decrease last year as was no fluke, we now have Malaysia net profit decre... read more
While I would have preferred a shutdown/lawsuit ala Vemma, the FTC did take strong action against Herbalife, the second largest MLM scam I'm aware of, second only to Amway. Here's a light reading reading list, starting with higher-level overview type documents, and drilling down into more detailed ... read more
Both Russia and Vietnam are making Amway news: Russia apparently busted into Amway offices for a surprise visit: http://saint-petersburg.ru/m/accidents/rubina/350361/?utm_source=twitterfeed... read more
Another in a series of Amway IBOs found not to be trying to make a profit, see the story and especially check the box to read the comments section, here: http://www.... read more
Just a few days ago, it was 10 years since I provided my comments to the FTC regarding the Business Opportunity Rule revision comment process. Here's the comments: 2006 Business Opportuni... read more
I find the Indian legal system confusing, but this story looks serious: http://www.newindianexpress.com/states/telangana/HC-Orders-Action-if-Amway-Contin... read more
Amway, technically the manufacturing company, called Access Business Group, is suing a couple of companies using an ingredient in Amway's overseas skin care line: http://www.reuters.com/article/idUSL5N1710I1. The ingredient comes from fish r... read more