There are clear differences between these and legal MLM Network
Marketing companies although sometimes the scams imitate the legal
companies as closely as they can.
Do you know the difference? Can you explain it to others?
I recorded a very thorough
video explanation here. It's 20 minutes that will clear up the
biggest differences for you or others for good!
These are some of the scams:
Consumer Watch: Fraudulent schemes gain find easy takers
Chattanooga Times Free Press - Chattanooga, TN, USA March
The more sophisticated operations try to camouflage their scams as
multilevel marketing, or MLM, opportunities through the sale of
questionable products or ...
ADS Cash Generator - this a great example of a cleverly
disguised Ponzi scheme. Taken down by the Feds on August 1, 2008,
you can learn more about how they operated at this news article
Ponzi scheme targets Christians, SEC says
InvestmentNews - New York, NY, USA May 2, 2008
The SEC charged Safevest LLC of Mission Viejo, Calif., and its two principals
for allegedly misappropriating investor funds in the multilevel marketing ...
Exposing: the Oprah Letter Scam ABC NEWS Consumer
Correspondent Jan. 28, 2008 ...Con Artists Claim 'Oprah' and 20/20
Endorsed Their Pyramid Scheme
An Affinity For Fraud 06.01.07, 4:30 PM ET Forbes
- NY,USA Affinity fraud ... uses a simple pitch--we're
one of you--to get around the inherent skepticism many people
understandably have when asked for money ... money could be earned
by paying $2000 to $5000 to become members of a company that sold
the telephone cards through a multilevel marketing ...
feds called it a pyramid scheme because investors could only make
money if they recruited [more] investors.
In Pictures: Seven Ways To Avoid Affinity Fraud
Attorney General Warns of Marketing, Pyramid Schemes 11/22/06
4:15 AM ... and Charles Counties Attorney General Warns Consumers
of Multi-Level Marketing Schemes, Pyramid Cons Maryland Attorney
General J. Joseph Curran, Jr., warns Maryland residents to ...
Better Business Bureau expels 2 firms Pittsburgh
Post-Gazette 6/30/06 12:57 AM ... which include the
plan's parent company, American Family Prepaid Legal Corp. of
Irvine, Calif., to immediately halt their "illegal" conduct
regarding current or future marketing ...
Lee's Summit business owners indicted for false tax returns
BizJournals.com 6/30/06 3:48 AM ... information.
The Aldridges co-own and operate a multimillion-dollar multi-level
marketing firm called , which sells American Silver Eagle coins.
The company employed about 5,000 sales ... Concept Marketing
Times Online reports crack down on scams and "matrix"
prey on the gullible and the vulnerable. But one scam has plumbed
new depths" 10/19/2005
Norwich Evening News in the UK
lists the top 10 scams in Europe -