Tag: FTC
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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…
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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…
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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…
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BULLETIN: Oh, Utah! FTC Says Yet-Another Scam Used Shell Companies To Bilk Consumers And Dupe Payment Processors
UPDATED 1:17 PM ET (FEB. 27. U.S.A.): The FTC has sued six Nevada-based companies with ties to a call center in St. George, Utah, amid allegations that the firms and corporate officers scammed consumers and payment processors in a $25 million fraud scheme. Nevada and St. George were ground zero for the alleged $275 million…
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FTC, 3 State Attorneys General Move On Fortune Hi-Tech Marketing (FHTM) Amid Pyramid Allegations; MLM Site Now Resolves To Court-Appointed Receiver’s Page
BULLETIN: The FTC and attorneys general for the states of Illinois, Kentucky, and North Carolina have moved against Fortune Hi-Tech Marketing (FHTM), alleging it is a pyramid scheme. A federal judge in the Northern District of Illinois has appointed a receiver and ordered an asset freeze. FHTM’s website at FHTM.com now resolves to a site…
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[NOTE TO READERS]: Stories About Accused Utah Fraudster Jeremy Johnson Now Back Online
On March 23, 2012, the PP Blog temporarily removed from public view three stories pertaining to accused Utah fraudster Jeremy Johnson. The explanation of why the stories were taken offline temporarily is here. On March 23, 2012, the PP Blog’s security software recorded a “mass injection attack” as the Blog visited a domain styled CollotGuerard.com…