Tag: multi-level marketing

Herbalife, Amway and Mary Kay: How multi-level marketing ‘pyramid schemes’ are bankrupting America

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When 23-year-old college graduate Julie was invited to a “girls night party” where the guests were told by a woman named Shawna from a company called Pure Romance that they could make big bucks selling middle-class suburban housewives “bullet vibrators…[Continue Reading...]

TINA.org Investigation Finds Pervasive Deceptive Earnings Claims in MLM Industry

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The consumer advocacy organization truthinadvertising.org (TINA.org) has published the results of a yearlong investigation into the multilevel marketing (MLM) industry that found widespread use of deceptive income claims to promote their business opportunities. Of the 100 companies examined, 98 percent…[Continue Reading...]

Multi-level Marketing scheme “disguised as an advocacy organization” draws criticism

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Here's another multi-level-marketing scheme to be aware of. It's called "Trades of Hope" and Hannah Alonzo describes it as an MLM scheme "disguised as an advocacy organization." Here's how the Trades of Hope website pitches the business to potential "partners"…[Continue Reading...]

‘They can keep you talking’: Shopper warns MLMs are recruiting you in-store. Here’s what to watch out for

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TikToker Kate Kowalczik (@lcswkate) recently uploaded a viral clip that’s accrued over 781,000 views in which she delineates how, on several occasions, she’s been approached by multi-level marketing employees while shopping in “discount stores.” Kowalczik highlights how these individuals will…[Continue Reading...]

Multi-level Marketing Pyramid Schemes At 5-year High | Know How To Avoid Them

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Pyramid scheme news: In 2023, India witnessed the launch of over 400 new multi-level marketing pyramid schemes, marking a five-year high, Economic Times reported citing Strategy India, a consultancy specialising in policy, compliance, and direct selling, and an associate member…[Continue Reading...]

WA DFI ISSUES ACTION AGAINST GSPARTNERS, CITING CERTIFICATE SALES AND MULTI-LEVEL MARKETING PROGRAM VIOLATE STATE SECURITIES LAW

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OLYMPIA – The Washington State Department of Financial Institutions (DFI) announced today that it has issued an emergency action against Swiss Valorem Bank Ltd., GSB Gold Standard Bank Ltd., Josip Heit, and Stephn McNeal (collectively, “GSPartners”), for violations of securities laws and…[Continue Reading...]

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