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...]
Cristiano Ronaldo promotes the Herbalife brand, whose “products have been linked to serious negative health effects.” This is perhaps the only positive news on Twitter, or rather on X, since Elon Musk took control of the social network. From now…[Continue Reading...]
A product of Web3 developers known in X, formerly Twitter, as oxRacerAlt and Shrimppepe, this platform is creating buzz worldwide. Yet, as the user base grows, so do concerns about its business model. Many argue friend.tech looks strikingly similar to…[Continue Reading...]
Healy World only entered the multi-level marketing world a few years ago. But it's been blitzing social media in the past few months to try to gain new distributors. In the past, these schemes usually pushed nonessential consumer goods like…[Continue Reading...]
Most people aren’t making money off these opportunities, though. A 2018 AARP Foundation study found that only one-quarter of MLM participants earned a profit, while nearly half lost money. Of the few who did profit, 53% reported earning $5,000 or…[Continue Reading...]
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