Tag: MLM

MLM Seller Jessie ‘Boss Lee’ Ward Dies After Trying to Cure Her Cancer Naturally

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A legend in the multi-level marketing world, Jessie “Boss Lee” Ward, vice president of Pruvit, a ketone supplement multi-level marketing company (MLM), has died after a brief battle with colon cancer. Ward, who claimed to have recruited more than 12,000…[Continue Reading...]

Pyramid Schemes Are Illegal. MLMs Are Not. What About the Tech That Powers Them?

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Multi-level marketing companies sometimes face allegations of operating as pyramid schemes, in part because of how they’re structured. In both illegal pyramid schemes and legal multi-level marketing companies, sales representatives sell products or services while recruiting people to join them.…[Continue Reading...]

Investors alerted about disguised MLM frauds

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Many multi-level marketing (MLM) companies and similar entities are running nationwide in breach of regulations, thus endangering investors and undermining the country's economic management, according to an official finding. Without valid licences, these companies employ false promises of substantial earnings…[Continue Reading...]

FMA slap permanent ban on multi-level marketing firm Validus

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The Financial Markets Authority (FMA) has issued a permanent ban on multi-level marketing firm Validus, after the High Court dismissed the company's appeal. The permanent stop order prohibited US-registered Validus and associated people from repeating "unlawful behaviour that may cause…[Continue Reading...]

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