FTC

PP Blog Tag archives on references to "FTC."

FAITH SLOAN: Blame TelexFree, Merrill, Wanzeler, Labriola And Nehra, Not Me

FAITH SLOAN: Blame TelexFree, Merrill, Wanzeler, Labriola And Nehra, Not Me

UPDATED 8:55 P.M. EDT U.S.A. Veteran HYIP huckster Faith Sloan told a federal judge presiding over the SEC’s TelexFree case that she is a victim of the company and was duped by TelexFree executives James Merrill, Carlos Wanzeler and Steve Labriola. And, the former Noobing, Zeek Rewards and Profitable Sunrise pitchwoman asserted, she also was […]

Appeals Court Agrees with FTC: BurnLounge Was A Pyramid Scheme

Appeals Court Agrees with FTC: BurnLounge Was A Pyramid Scheme

UPDATED 10:12 A.M. EDT (JUNE 3) U.S.A. The U.S. Court of Appeals for the 9th Circuit today agreed with both a lower court and the Federal Trade Commission: BurnLounge was a pyramid scheme. Much to the dismay of some MLMers, the case demonstrates that a company that makes some retail sales still can be a […]

FROM COURT FILINGS: TelexFree Promoter Faith Sloan To SEC: ‘Why Are You Picking On Me?’

FROM COURT FILINGS: TelexFree Promoter Faith Sloan To SEC: 'Why Are You Picking On Me?'

(3nd Update 9:16 A.M. EDT, May 11, 2014 U.S.A.) When contacted by the U.S. Securities and Exchange Commission April 17 by phone, alleged TelexFree promoter and securities swindler Faith Sloan shot back, “Why are you picking on me? There are bigger promoters than me.” The assertion is contained in new SEC filings dated yesterday in […]

TelexFree, An Alleged Pyramid Scheme, Promotes Itself During Probes By Wrapping Logos Of Local Fox, CBS, ABC, NBC Affiliates Into Video

TelexFree, An Alleged Pyramid Scheme, Promotes Itself During Probes By Wrapping Logos Of Local Fox, CBS, ABC, NBC Affiliates Into Video

In this article: In its role as a watchdog for consumers, the FTC has sued third-party companies and individuals who have published the logos of prominent news agencies and falsely traded on their trusted identities to sanitize a purported product or opportunity. (See screen shot of Evidence Exhibit from one FTC case below.) In a […]

EDITORIAL: MIXED MLM MESSAGING: As Herbalife Announces FTC Probe, TelexFree Cheerleaders Plant Seed That Obama Gave Their ‘Program’ An Exemption From Securities Laws

EDITORIAL: MIXED MLM MESSAGING: As Herbalife Announces FTC Probe, TelexFree Cheerleaders Plant Seed That Obama Gave Their 'Program' An Exemption From Securities Laws

UPDATED 12:07 P.M. EDT (U.S.A.) You can’t blame legitimate MLMers if they’re feeling a little jittery. Herbalife, one of the industry’s stalwarts, is under investigation by the FTC, which has many duties, including enforcing laws against false advertising and pyramid schemes. Precisely why the FTC is investigating Herbalife is unknown. Hedge-fund manager Bill Ackman says […]

BULLETIN: California Calls WCM777 A ‘Scam,’ Issues Desist And Refrain Order That Names Executives And YouTube Pitchman

BULLETIN: California Calls WCM777 A 'Scam,' Issues Desist And Refrain Order That Names Executives And YouTube Pitchman

BULLETIN: (Updated 10:36 a.m. ET U.S.A.) The state of California has called the WCM777 MLM “program” a “scam” and issued a Desist and Refrain Order that bans the enterprise in the state. The Department of Business Oversight (DBO) has issued a companion Consumer Alert and is “strongly” encouraging California investors to file a formal complaint. […]

BULLETIN: U.S. Senator Calls For Investigation Of Herbalife; Says Constituent’s Family Lost $130,000, Including ‘Entire 401(K)’ Retirement Account, To MLM Program

BULLETIN: U.S. Senator Calls For Investigation Of Herbalife; Says Constituent's Family Lost $130,000, Including 'Entire 401(K)' Retirement Account, To MLM Program

BULLETIN: Sen. Edward J. Markey, D.-Mass., has called for an investigation of Herbalife, an MLM program. “There is nothing nutritional about possible pyramid schemes that promise financial benefit but result in economic ruin for vulnerable families,” Markey said in a statement. “Herbalife may be a purveyor of health and wellness products, but some of its […]

EDITORIAL: Herbalife And Polarization In The Latino Community

EDITORIAL: Herbalife And Polarization In The Latino Community

The PP Blog’s take on Bill Ackman’s take on Herbalife is that the Los Angeles-based MLM firm dupes prospects into believing they’re boarding the bus to Disneyland, but it’s really the bus to Jurassic Park. Latinos, African Americans and other vulnerable populations pile on bus after bus and become financial protein for the pyramid scheme […]

PROFITABLE SUNRISE CASE: Did Fake Reporter Use Photo Of Real Reporter In ‘Story’ Titled ‘Nanci Jo Frazer WINS in Court – A Case Of Innocent Ignorance?’

PROFITABLE SUNRISE CASE: Did Fake Reporter Use Photo Of Real Reporter In 'Story' Titled 'Nanci Jo Frazer WINS in Court - A Case Of Innocent Ignorance?'

“The judge ruled in Nanci & David Frazer’s favor along with Albert Rosebrock (ministry board members) . . . to release frozen funds. The FBI and the Federal government is categorizing Frazer as having suffered from a case of ‘innocent ignorance’ as she worked for nine months doing customer support for a UK Collateral Loan […]

MODERN MLM PR: TelexFree Rep’s Blog On Loss Of Payment-Processing Firm: ‘We Killed Them’

MODERN MLM PR: TelexFree Rep's Blog On Loss Of Payment-Processing Firm: 'We Killed Them'

If continuing to recruit during multiple pyramid-scheme probes even as a judge and prosecutor reportedly had been threatened in Brazil with death were not enough, another MLM PR disaster is unfolding: The Blog of Faith Sloan, late of Zeek Rewards and Noobing, an HYIP Ponzi scheme that ripped off people with hearing impairments, wants TelexFree […]

Series Of News Releases From Purported MLM Trainer Plants Seed That Federal Trade Commission Has Given Green Light To Several Opportunities, Including Herbalife

EDITOR’S NOTE: The PP Blog called the Federal Trade Commission to get its take on these news releases, which use the agency’s name and imply that the FTC  recently has given several MLM “opportunities” a clean bill of health. The agency did not immediately respond. What would you think if you read a headline on […]