Index Of Scams
Here is an index of opportunities that are in my opinion scams.
Neora And Jeff Olson Sue The FTC
Now that the FTC is taking action against Neora and Jeff Olson. Jeff Olson has decided to sue the FTC. This should be interesting.
Neora Sued For Being An Illegal Pyramid Scheme
The Federal Trade Commission has sued the multi-level marketer Neora, LLC, formerly known as Nerium International, LLC, and its Chief Executive Officer, Jeffrey Olson, alleging that the company operates as an illegal pyramid scheme and falsely promises recruits they will achieve financial independence if they join the scheme.
The Explosion Of Risk In MLM
Here is my analysis of the predatory practices of Direct Selling companies. We should take much more care in regulating this industry as it functions very different from all other businesses. It turns customers into sellers and commits them to purchasing contracts on a quarterly or monthly basis. This creates the pyramid structure that massively reorganizes wealth.
AdvoCare Pays $150 Million For Operating An Illegal Pyramid Scheme
Multi-level marketer AdvoCare International, L.P. and its former chief executive officer agreed to pay $150 million and be banned from the multi-level marketing business to resolve Federal Trade Commission charges that the company operated an illegal pyramid scheme.
Herbalife to Pay $20 Million For MLM Deception
The Securities and Exchange Commission has announced that Herbalife Nutrition Ltd.—a direct selling company with operations in over 90 countries— has agreed to pay $20 million to settle charges that it made false and misleading statements about its China business model in numerous U.S. regulatory filings over a six-year period.
$2.2 Million Returned To Vemma Affiliates Who Lost Money
The FTC will be mailing refund checks totaling more than $2.2 million to people who lost money to an alleged pyramid scheme operated by Vemma Nutrition Company.
Social Security Administration Scam
Recently, there has been a number of scams where individuals posing as Social Security employees call and ask for personal information like your name, Social Security number and bank account information.
Brian Rose – London Real Business Accelerator Opinion
I have been hearing from some very disappointed people that have attended the Brian Rose - London Real Business Accelerator. I would like to share those opinions with you.
Why Women Are Quitting Their Side Hustle: Leaving LuLaRoe
Thousands of women who have bought into the LuLaRoe legging empire in hopes of getting rich quick have since left. We talk to three women about their experiences as LuLaRoe consultants and why they decided to leave the controversial MLM behind.
AdvoCare Changes To Single-level Marketing Compensation Plan
AdvoCare International announces a revision of its business model from multi-level marketing to a direct-to-consumer and single-level marketing compensation plan.
Young Living Sued For Operating A Pyramid Scheme
Young Living has been sued for operating an illegal pyramid scheme created under the guise of selling essential oils for quasi-medicinal purposes. This comes as no surprise to many of us that have seen the complaints made about this company.
OneCoin Charged With Running A Multibillion-Dollar Pyramid Scheme
I know this comes as no surprise to many of you, but RUJA IGNATOVA – a founder and original leader of OneCoin has been charged with wire fraud, securities fraud, and money laundering offenses.
LuLaRoe Is Little More Than A Scam
Attorney General Bob Ferguson has announced a lawsuit against multi-level marketing business LuLaRoe and several of its “home office” executives, alleging that the company’s former bonus structure constituted a pyramid scheme. The lawsuit also asserts that LuLaRoe’s claims regarding sustainability, profitability and inventory refunds are unfair and deceptive.
Fraudulent MLM Scheme QNET Busted By Cyberabad Police
QNET lured customers promising high returns if they became a part of its businesses including but not limited to cost-optimization, health and wellness, watches and jewellery, personal care and beauty, tour and education. Once a new member joins the chain through a promoter, he becomes an independent representative and gets complimentary items. The promoter, in return, gets a commission. While top-level members get good returns, new members are left with nothing.
Get Money Back From MoneyGram
We’ve all known for a long time that scammers ask people to pay by wiring money. Money wiring companies like MoneyGram and Western Union have also known that scammers have people wire money using their services.
