Multilevel marketing giant Amway reported a 5% decline in earnings year over year, which the company attributed to a strong U.S. dollar and the ongoing fallout of pulling out of Russia. The Ada, Mich.-based company sent out an earnings press…[Continue Reading...]
Most multilevel marketers have rebuttals at the ready when potential recruits accuse them of peddling a pyramid scheme. One of the canned comebacks for Donald Trump’s late-aughts MLM—because, of course, Trump once had his own MLM—is a doozy: “If you…[Continue Reading...]
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...]
A Facebook page, ‘Elite Society’ is on the radar of the Consumer Council of Fiji and the Police as it is suspected to be a pyramid scheme that is allegedly recruiting agents for a possible scheme. While responding to questions…[Continue Reading...]
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...]
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...]
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...]
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...]
The Canada Revenue Agency (CRA) is always on the lookout for tax schemes and opportunities to warn Canadians about them. Has someone encouraged you to deduct expenses and claim business losses to offset taxable income? If so, this might be…[Continue Reading...]
Sister Wives star Christine Brown isn't affiliated with LuLaRoe anymore, and since the searing documentary LuLaRich aired, she may be trying to distance herself from the company. In season 18, Christine's reinventing herself. She left Kody Brown, and seems quite…[Continue Reading...]
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