DEPARTMENT OF JUSTICE NAILS JIMMY PHIPPS
27 Sept 2007 -- The sentencing in Federal Court for defendant James Ray Phipps, has been set for November 8, 2007. Phipps is one of the greatest pyramid scheme artists in the last 20 years. He sued the post office for interfering with his pyramid operations (and lost). Jimmy Phipps, who described himself in mailings as an "eccentric millionaire" and also "Mr. Integrity," previously ran programs called "Fast Cash" and "Paymaster" with pyramid pay structures. Phipps also faces racketeering charges in Florida over his last scam "Life Without Debt." There is a long line of complaints from attorneys general around the U.S. over his programs that multiplied like rabbits with new names as soon as one was shut down. Ed. Note: Heaven help you if you were one of his "cohorts" = promoters!
1,000’s HANGING LOOSE DURING QUIXTAR DISTRIBUTOR BATTLES
25 Sept 2007 -- Large groups fighting Amway – Quixtar to break loose and leave. Lawsuits and temporary restraining orders flying right and left. Ed. Note: Here is the most accurate report at this time.
CLINTON – OBAMA FUNDRAISER USED PYRAMID SCHEME
24 Sept 2007 -- Political fund-raiser Norman Hsu was charged with using a pyramid scheme to raise money for high profile canidates. Hsu was charged by Federal Attorneys with promoting a $60 million "pyramid" fraud scheme. Editor's note: Is anyone safe from all these Pyramid - Ponzi schemes? Yikes!
WOW, GREAT, ABC's GOOD MORNING AMERICA PRAISES MLM !
20 Sept 2007 -- This morning, Good Morning America aired a 5-minute segment on direct selling. The focus of the piece was building a business at home through direct selling. You can view the story, the full video and the (many) comments about the story that started pouring in within minutes of airing on the East Coast at the link below. Thanks to Reporter London Girl!
NEW - DIRECT COMPLAINTS & QUESTIONS
19 Sept 2007 – One of the best ways to learn is through other peoples complaints and questions about what is real and what isn’t. Money sounds good? That is almost an alarm bell!
70+ COMMENTS SUPPORT KEVIN TRUDEAU
18 Sept 2007 – The WatchDog article yesterday generated over 100 comments on Kevin Trudeau's latest run in with the FTC. Over 70% were favorable - for Trudeau! Here is one of the best defensive comments.
INFOMERCIAL STAR KEVIN TRUDEAU HIT BY FTC
17 Sept 2007 – The Federal Trade Commission says, that Trudeau’s latest book doesn’t live up to his Infomercial billing of the content. The FTC says that is a violation of his 2004 court settlement with them. MLM history included, Nutrition For Life, Coral Calcium and ITV MLM's in his history. Beware of his next move!
TRAINING ABOUT SCAMS - IT SOUNDED LIKE MLM
13 Sept. 2007 - Here are some good folks – innocents actually, that were hit by a scam thinking they were investing in a long term residual income. This is a training tool for you to use to save good folks for good MLMs. http://www.mlmwatchdog.com/financial_freedom_letter.html
PHILIPPINES SENATE ATTACKS PYRAMID SCAM
11 Sept. 2007 - The Philippines Senate investigates..... click here for MLM_Philippines world news.
MOMAX PURSUING JUDGEMENT AGAINST ROCKLAND
10 Sept. 2007 - Rockland minerals, (Tulsa) dumped their U.S. Naturals distributors out in the cold. Then good karma? Bugs in Rockland’s products almost killed their customer Momax! Momax is fighting to collect the $3 million judgment they got against Rockland.
PYRAMIDS GOING CRAZY IN CHINA
7 Sept. 2007 - Police have shut down China's biggest online pyramid sales scam that took in U.S. $180 million, from 170,000 people........ Click here for full story.
CEO MANNATECH RESIGNS
24 August 2007 - Mannatech announced that its founder, chairman and chief executive officer, Samuel L. Caster, has resigned as CEO (for the second time). Mr. Caster will still stay on as Chairman of the Board of Mannatech. The Texas Attorney General’s Office said the resignation does not do anything to stop or alter its lawsuit against Mannatech. More Info:
PYRAMID STEALS $138 MILLION IN PHILLIPINES
21 Aug 2007 - Performance Investments Products Corp. (PIPC) paid commissions to “Consultants” that brought new investors to a Ponzi Scheme. Read more HERE
MLM KARMA IS GOOD - QWEST OWNER OFF TO JAIL – HURRAH!
29 July 2007 - Joe Nacchio Ex CEO - owner of the 5th largest phone company in the U.S. is off to prison! Qwest stole customers from MLM Distributors in the MLM Company NCN. Qwest was NCN’s supplier so Joe just switched customers over to Qwest. He also stole customers from the MLM Phone Company ACN (they survived) Joe was so successful at those two multi-million dollar scams... that he stole $35 million from stockholders. That did not work.... he gets six years in Club Fed to think it over. Sometimes it is NOT the MLM Company having problems!
AWESOME MONSTER PYRAMID
20 July 2007 - Did JU Group in South Korea set a world's record for Pyramiding? Almost $4.4 Billion U.S. See more HERE
15 IRISH DISTRIBUTORS HAUL AVON TO COURT
17 July 2007 - 15 angry Irishwomen have their.. well.. uh... Irish up! See MLM World News Europe and UK page for details. Europe and UK News
OUCH – AMWAY HEADED FOR COURT IN UK!
16 July 2007 - The Grand Rapids Press (Amway’s home town) reported that the United Kingdom – U.K (Britain) that the Department of Trade and Industry will take Amway - Alticor to court at the end of this year over the sales of Motivational Tools to include Training “Rallies”, Books and CD’s. http://www.mlmwatchdog.com/mlm-amway.html
FLORIDA AG HITS YTB DISTRIBUTORS - SEE BURNLOUNGE
9 July 2007 - Doing his job, Thayer Lindauer, legal counsel for Your Travel business (YTB).......... http://www.mlmwatchdog.com/pyramid_burn_lounge_burnlounge.html
TEXAS AG HITS MANNATECH
6 July 2007 -Texas Attorney General hits Mannatech. This is the second company Sam Castor's been involved with that got hit by the AG! http://online.wsj.com/article/SB118367724357258529.html?mod=yahoo_hs&ru=yahoo
FDA EXECUTIVES VIOLATE THE LAW – AGAIN
3 July 2007 -Two top FDA executives connected with oversight of Drug companies did not keep records of who they had meetings with as required by law. Yep! Their books were blank! When caught with their pants down (blank appointment books) they just said, WHOOPS! Maybe with terrorist laws the National Security Agency can spy on the FDA executive because Execs keep blank appointment books. The FDA through poor Drug company oversight has caused more people to be killed in the U.S. than the number killed by terrorists or the number of soldiers killed in Iraq. The FDA is responsible for 55,000 deaths by the drug Vioxx alone. How can the FDA keep thumbing their noses laws on the record?
YTB – YOUR TRAVEL BUSINESS NEXT?
2 July 2007 – Florida after YTB reps! The next BurnLounge in FTC eyes? The FTC has been letting states take the lead. Then they often follow up nationally with the evidence from the State hit (Burn Lounge). The greater Los Angeles Better Business Bureau listed YTB as a Pyramid Scheme for over 6 months now. In the old days (before terrorist attacks) the FTC would often follow up the LA BBB listing in about six months with court action. Today the Department of Justice who often provides lawyers for the FTC is tied up with terrorism related cases. The WatchDog thinks that the clock is ticking on YTB.
Double MLM Home Business Shows Every Saturday
29 June 2007 – The MLM good guys are taking over TALK RADIO AND INTERNET!
8 AM Central Standard Time Saturday: TOM CHENAULT HOME BUSINESS RADIO SHOW. Our Hero on Colorado Radio Network Click Here: http://www.warpradio.com/stream.asp?id=13946
NEXT AT 9AM: MLM DISTRIBUTOR RIGHTS ASSOCIATION RADIO SHOW starts at 9 AM Saturday Central Standard Time. Click here: http://nick8.surfernetwork.com/Media/player/view/generic2.asp?call=KSXT&skin=generic
DRA HOME BUSINESS RADIO SHOW STARTS SAT. AM
23 June 2007 – The Distributor Rights Association premiers their Home Business Radio Show on Saturday morning 9 AM CENTRAL. Subjects may likely include you or your company. http://nick8.surfernetwork.com/Media/player/view/generic2.asp?call=KSXT&skin=generic
BURN LOUNGE KILLS MLM DISTRIBUTORS
22 June 2007 – Problems with the FTC? Company owners did not hire good MLM consultants, good MLM lawyers, or study and research. So what does the company do to atone for MANAGEMENT sins? They terminate all the distributors..... See here http://www.mlmwatchdog.com/pyramid_burn_lounge_burnlounge.html
BOB, THE TEACHER, JENKINS SHAFTED DRA
21 June 2007 – Payback is a mother when you steal from the DRA as Bob "the School Teacher" Jenkins is going to find out. We are used to preachers ripping off MLMers, but for a teacher to shaft the Distributor Rights Association that protects the distributors in this industry...............
SCUMBAG CROOKS RIPPING OFF MILITARY
15 June 2007 – There is a pyramid scheme ripping off soldiers in secret hotel meetings. If it is a SECRET, it is probably 99% illegal. Interesting, this is the same AG that nailed BurnLounge by sicking the FTC on them!
FTC VS. BURNLOUNGE UPDATE
14 June 2007 – BURNLOUNGE REPLY TO FTC HIT.................
FTC VS. BURNLOUNGE COURT CASE - FIGHT IS ON!
13 June 2007 – Burn Lounge fought off the FTC attempt to lock their doors and freeze their bank accounts. The judge will hear arguments on the 19th of June. Interesting to see how strong the precedent law on Customers will benefit the FTC. Also the individuals listed have to bear their own court fees. In the Sea Silver case Distributors were fined up to $1.25 million. Ouch! Here is the Latest!
FTC BURNS BURN LOUNGE!
10 June 2007 -- Burn Lounge Burned! Burn Lounge paid $50 for recruiting two new operators and selling two albums a month, while paying only 50 cents per album sold, the complaint said. Duh! Can you spell Pyramid by FTC standards? The money in Burn Lounge was coming from recruiting.... Not the 50% of income from Customers the FTC wants. BurnLounge is accused of being an illegal investment scheme in a lawsuit filed by the Federal Trade Commission last week. The company declined any comment Saturday the 9th of May. I bet Burn Lounge Execs and the Investors that committed $40 million had studied the history of the FTC and Income! SEE this article: the “Customers” part starts in the middle of the page. http://www.mlmconsultant.com/mlm_law.htm
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