Do you know how to tell if you are being scammed? It doesn’t matter if you are investing money in a multi-level marketing program, applying for a line of credit, or taking the advice of Suze Orman or Dave Ramsey in the investment market; there are tell-tale signs you could be subject to a scam. Do your internal alarm bells start ringing when someone asks you to pay via wire transfer or Bitcoin? If not, keep reading. You may want to revise some … [Read more...]
Common Complaints LuLaRoe Received In 2019
According to the LuLaRoe official site, Mark and DeAnne Stidham founded the company in 2013, “with a dream to teach and share their entrepreneurial business success”. The company got popular with consumers and consultants alike, but over time, the company has fielded its’ share of LuLaRoe complaints. LuLaRoe has received a variety of them in 2019. Complaints about the company’s business model, transparency with its’ consultants, privacy, … [Read more...]
The FTC Goes After Neora
I have spent a lot of time writing about MLMs, multi-level marketing companies, often called pyramid schemes. While all of these companies have an element of making money both through the sales of product and the recruiting of new members, the worst of the worst require their distributors to buy a set amount of product from them in order to be eligible for their paychecks. And those paychecks are based on both the amount of product you sell, … [Read more...]
Another MLM Gone – AdvoCare Changes Business Model
On May 17, AdvoCare, a well-known MLM (also known as a multi-level marketing company or pyramid scheme) announced that they were changing their business model. After "confidential talks" with the Federal Trade Commission, they are changing how they compensate their distributors. In other words, they were violating regulations, got caught, and were forced to ditch the illegal pyramid structure. Is AdvoCare Going Out of Business? No. AdvoCare … [Read more...]
Young Living Lawsuit – Illegal Pyramid Scheme?
This month, Young Living was served with a class action lawsuit alleging that they are an illegal pyramid scheme. From all I have heard about Young Living, I can't say I'm surprised. While I'm a big fan of essential oils, I don't like the high prices, predatory marketing, and completely false medical claims that I've seen coming out of Young Living. While you can argue that all MLMs are pyramid schemes, the FTC has a few rules that help … [Read more...]