Multilevel marketing (MLM) programs are a legitimate way of selling products – think Amway, Tupperware and Mary Kay. They become illegal pyramid schemes when the emphasis is on recruiting new distributors rather than actually selling products. Most participants in pyramid…[Continue Reading...]
Suryapet: Thousands of unsuspecting people have fallen victim to fraudulent app-based multi-level marketing (MLM) schemes that promised substantial returns on their investments within short timeframes. These schemes displayed impressive growth in users' account balances initially, enticing them to invest more.…[Continue Reading...]
Dr. Jesse Veenstra ('08), a finance professor, grew up in the orbit of multi-level marketing (MLM) companies like Tupperware and Herbalife. “I remember family friends asking my parents to participate in different multi-level marketing organizations,” he says. “I’ve been recruited…[Continue Reading...]
Kusum is the resident of Indore who had been trapped in a Multi-Level Marketing (MLM) fraud, which was disguised as an online business opportunity that seemed lucrative. A shocking case of duping of Rs 1 lakh in a fraud scheme…[Continue Reading...]
A police investigation into an alleged pyramid scheme that claimed revenues of more than US$300 million and attracted hundreds of thousands of members highlights a lucrative yet deceptive business model that’s becoming increasingly popular in Thailand – leveraging celebrity endorsements…[Continue Reading...]
WASHINGTON, D.C. — In a revealing examination of income disclosure statements, the Federal Trade Commission (FTC) staff has unveiled significant concerns regarding the depiction of earnings potentials offered by multi-level marketing companies (MLMs). The comprehensive report, based on a review…[Continue Reading...]
It's an attractive proposition — being able to work from home and earn commission on sales, with the flexibility to work as little or as much as you want. That's the general allure of multi-level marketing companies, or MLMs, especially…[Continue Reading...]
Have you heard of a lifestyle influencer named Kat Torres? She's recently been jailed on human trafficking and slavery charges, the dark underbelly of her online life coaching business exposed. This might be an extreme case of life coaching gone…[Continue Reading...]
CHENNAI: A special court in Chennai dismissed the bail plea of Sakthi Anandan, the managing director of My V3, an online Multi-Level Marketing Busines The special court prosecuting the accused under the Tamil Nadu Protection of Interest of Depositors (TNPID)…[Continue Reading...]
They’re all over TikTok and Instagram. A social media reel of someone claiming they’ve unlocked the keys to financial freedom, all thanks to a digital course they signed up for a few weeks ago. They say that if you just…[Continue Reading...]
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