Archives for News - Page 3

News

SEC Obtains Final Judgement Against The Wings Network Scam

I have reported on the the Wings Network scam in the past. The Wings Network was promoted to people all around the world including the United States. The Wings Network was a multi-level marketing program that was advertised online, and was being sold door-to-door or through friends and relatives.
Continue Reading
News

LuLaRoe Sued And Complaints Flood BBB

LuLaRoe has been sued after a recent flood of customer complaints made to the Better Business Bureau, claiming in some cases that they were charged incorrect sales tax and double-charged for merchandise. They also complain that the company’s products were of poor quality and that they had difficulty reaching customer service to discuss their problems.
Continue Reading
News

Money Now Funding Scam Victims Receive Money Back

The Federal Trade Commission is mailing 2,031 checks totaling more than $436,000 to people who lost money to Money Now Funding, a work-at-home scheme that conned people, including many seniors with limited income and savings, into thinking they could make money by referring merchants in their area to a non-existent money-lending service.
Continue Reading
News

350,000 Victims of Herbalife’s Scam Receive Checks

The Federal Trade Commission is mailing checks to nearly 350,000 people who lost money running Herbalife businesses. The checks are the result of a July 2016 settlement with the FTC that required Herbalife to pay $200 million and fundamentally restructure its business. This represents one of the largest distributions the agency has made in any consumer protection action to date.
Continue Reading
News

Xocai Settles Pyramid Scheme Lawsuit

MXI Corporation the makers of Xocai “healthy” chocolate and the operators of a MLM business opportunity were taken to court back in May of 2015 for running a MLM scam that makes it impossible for salespeople to make any money while forcing them to continue paying membership fees and buying the product known as Xocai chocolate to advance. On March 9th, 2016 U.S. District Judge Miranda Du said if the class’ claims are proven true, it’s provided enough detailed facts to support a fraud finding. They have now settle this lawsuit against them.
Continue Reading
News

MMM Nigeria Freezes Payments

MMM is the scam that never seems to die. After MMM Global shutdown and MMM South Africa froze accounts, MMM has now frozen payments in Nigeria. MMM is not a community. It is a Ponzi scheme that takes advantage of the greed and need of individuals. Now that the dreams of these individuals are starting to shatter, they are now losing hope. In poor countries Ponzi schemes drive people to suicide.
Continue Reading
News

John Oliver vs MLM Scams

John Oliver, on his show Last Week Tonight, did a wonderful job exposing the MLM scams that are functioning as product-based pyramid schemes. Billions of dollars are being extracted from people that think they are getting the opportunity of a lifetime. Instead they are getting ripped off. This video is comedy, but it contains a lot of truth.
Continue Reading
Show Buttons
Hide Buttons