Marketing Fraud: Why multi-level marketing pyramids and financial ponzis are ignored by law enforcement
Dear Colleagues, Consumers and Pyramid Scheme Alert Supporters,
A new essay recently posted on the False Profits Blog addresses a question many of you have raised.
Why are multi-level marketing pyramids and financial ponzis able to ensnare so many people today? What is the power behind this Main Street epidemic?
This question goes beyond the lack of law [...]
Usana Health Sciences knows it products are being sold illegally in China
Almost thre years ago, Barry Minkow and Fraud Discovery Institute released a report on Usana Health Sciences (NSDAQ:USNA), listing ten red flags of fraud he and his team (which included me) uncovered about the company. The report criticized the company’s business model, essentially calling it a pyramid scheme in which recruiting is the focus (rather [...]
Medifast continues to mislead shareholders
This week multi-level marketing expert Robert Fitzpatrick released his second report in the last year on Medifast (NYSE: MED) and their Take Shape For Life multi-level marketing division. The report highlights how little money the company’s “health coaches” actually earn from selling the products, and makes it clear that the real money (if there is [...]
More on the endless chain recruitment scheme of Medifast and Take Shape For Life
Yesterday I referenced a new report on Medifast and Take Shape For Life by multi-level marketing expert Robert Fitzpatrick.. Here is more from his report. I want to highlight these things because they’re the facts that many pushers of MLMs will never tell you.
Those recruiting for MLMs are quick to tell you about how much [...]
Medifast multi-level marketing scheme called into question by expert
Robert FitzPatrick, a multi-level marketing expert known around the world for his analysis of the business model, has released a report on Medifast Inc. (NYSE:MED) and its Take Shape For Life division. TSFL is the multi-level marketing arm of the weight loss company, and is the force behind the company’s overall increase in revenue.
FitzPatrick writes:
Any way you slice it, the UFF Money Merge Account loses
Anyone who has spent some time on this site knows I’m no fan of the United First Financial Money Merge Account (UFF MMA). This “revolutionary” software is supposed to help you pay off your mortgage in record time, all for the low, low price of $3,500. Unfortunately, it’s being marketed with lies, and the UFF [...]
The continuing Mary Kay Cosmetics con
My most popular post on this blog is Mary Kay Cosmetics: Destroying half a million women a year, and with good reason. Each day, thousands of women are searching for information on the Mary Kay “opportunity.” Until a few years ago, the only information they could find was produced by the Mary Kay Spin Machine.
Almost [...]
FTC taking action against Pre-Paid Legal Services Inc.
Much to my surprise, the Federal Trade Commission appears to be taking action against Pre-Paid Legal Services (NYSE:PPD) for making misleading representations in connection with its Identity Theft Shield and Affirmative Defense Response System products.
Consumers looking for the “good” MLM
Robert FitzPatrick of Pyramid Scheme Alert is bombarded every week by consumers who want to ask him, “What about this MLM?”
You see, the marketers of multi-level marketing companies have gotten very savvy. They know that plenty of us have figured out their con game. They now have consumers convinced that theirs is “one of the [...]
UFF Agents don’t understand basic math and concepts related to debt
We have discussed at length all of the reasons why the United First Financial Money Merge Account (UFF MMA) program is a waste of $3,500. In fact, we’ve even proven how even if the software was FREE, consumers are better off not using it.
The evidence which supports these assertions is based in simple math. A [...]
