The Federal Trade Commission has added new charges and defendants to its ongoing case against the operators of multiple alleged pyramid schemes. In a case first filed in January, the FTC alleged that Success By Health and its executives James “Jay” Dwight Noland, Jr., Lina Noland, Scott A. Harris, and Thomas G. Sacca were operating …
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 that deceived consumers into believing they could earn significant income as “distributors” of its health and wellness …
At one time Damian Kutzner was living the debt relief high life. He had participated or even concocted the mass joinder mortgage elimination scheme at the height of the real estate meltdown. A large number of good people believed the sales hype. The end result was a couple of attorneys who are suspended, a couple …
Promised Unlimited Income Potential, But Most Participants Lose Money At the Federal Trade Commission’s request, a federal court has temporarily halted an alleged pyramid scheme, Vemma Nutrition Company, that lures college students and other young adults with the prospect of getting rich without having a traditional 9-to-5 job. The FTC seeks to stop the operation, …
At the request of the Federal Trade Commission, a U.S. district court judge has ordered the operators and top promoters of a deceptive pyramid scheme to pay a total of $17 million to refund consumers who were burned by the scam. The court order permanently halts marketing methods used by the operation known as BurnLounge, …
A recent comment on a previous post of mine directed me to 4ginfinity.com, “The Next Generation Straight-Line.” Frankly, my opinion is that people need to avoid money game programs like this. It appears to be nothing more than a naked pyramid scheme. The site offers a buried statement that it is not a get rich …
Through comments on the site I learned about a program being offered at KashKwik.com. This alleged money making program appears to be nothing more than a typical pyramid scheme where future investors are sought out to provide funds to pay previous people into the scheme. This means, everyone who joins AFTER you, will help push …
Jimmy “Dear Steve, Hi, my name is Jimmy and I am from Orange County, California. I recently took a $31,000 credit cash advance for which i thought was a great business opportunity but turned out to be a ponzi scheme. I am in the process of suing the person and as of now i have …