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It’s hard to pass up a job opportunity that promises a large income and the flexibility of working entirely from home. Especially when the opportunity appears at the top of your online search results and includes video testimonials of success stories, making it seem legitimate. The problem is, most of these job opportunities are scams and won’t deliver on their promises.
Michael Gehart a ViSalus distributor has sued ViSalus for operating an illegal pyramid scheme. He also alleges they allowed him to run an Amazon storefront that sold ViSalus products at wholesale prices. There are some very powerful claims in this lawsuit.
On July 20, 2017 the Italian CONSOB (Commissione Nazionale per le Società e la Borsa) or Italian Securities and Exchange Commission, suspended promotion of Questra World/Atlantic Global Asset Management from one of the top Facebook pages promoting this scam. This is similar to the action they took against another scam called Coinspace. CONSOB is taking an active role in shutting down the promotion of unregistered investments in Italy.
MLM scam operators are always working to change the laws here in the USA to protect themselves from regulators. From the state level to the federal level they are at work. In a recent attempt, John Moolenaar (R-MI) has slipped in an amendment into the financial services appropriations bill.
Senate Enrolled Act 283 goes into effect July 1, 2017. It was created with the guidance of the Direct Selling Association (DSA) and authored by Sen. Mark Messmer. Mark Messmer's wife is a Mary Kay consultant. With these two guiding lights behind this I am sure pyramid schemes are running in fear /Sarcasm.
I received the following comment from a OneCoin supporter: "Are you sure that OneCoin is a scam? If a scam then why has the Vietnam government legalize it. You are a turtle living in a well!" To the best of my knowledge, I have never been a turtle living in a well. Also, OneCoin has not been legalized by the Vietnamese Government. A document was being passed around that claimed that OneCoin was legalized in Vietnam.
One of the dangers of Facebook video is that you can go live to your audience at a moments notice without taking the time to think about your message. The Empower Network back in 2013 had a powerful influence on the business opportunity world. Incredible claims were made to get people to join. Over the years it has slowly drifted into obscurity. People came to the reality that few were making money and many of its leaders and promoters moved on to other things. David Wood the founder of the Empower Network has stuck with it and made some crazy videos to draw attention back to this scam.
MarketAmerica is being sued for operating an illegal pyramid scheme that targets Chinese immigrants by convincing them they have an incredible opportunity to make money by following Market America's blueprint for success. It looks like Market America is a great way to lose money.
In a lawsuit by Cynthia Dagnall and Michael Dagnall from Texas, Arbonne has been sued for being a pyramid scheme. There are some very powerful statements made in this lawsuit. Many of these companies make you use arbitration if you have a problem with them. Arbonne is no exception. This couple does not care.
The Securities and Exchange Commission announced on May 25, 2017 final judgment against Sanderley Rodrigues de Vasconcelos (Sann Rodrigues) of Davenport, Florida. The Court's order holds Rodrigues liable for over $1.83 million.