Tracy Coenen explains exactly what a Ponzi scheme is: an investment scheme in which the promoter takes money from “investors” and promises to invest it. There is little to no real investment, and when it comes time to pay “returns” […]
Defenders of multi-level marketing (MLM) are often heard saying that it’s a legitimate business method! Even government regulators say MLM is legitimate. And it is true that state and federal governments in the United States generally allow multi-level marketing companies […]
In this one minute video, Tracy explains how Ponzi schemes work. They are also called pyramid schemes because the constant recruitment of new “investors” creates the shape of a pyramid, with many new investors required at the bottom of the […]
One of the common defenses of multi-level marketing is that it is a legitimate business method that has been around for a long time. I’ve also been told that if it was illegal, it would have been shut down. Some […]
Farmasi was founded in 1950 and currently sells internationally. The company focuses on skin care and makeup products, but also has hair care, nutrition, and home care products. Farmasi Income Statement Disclosure 2020 Farmasi Income Statement Disclosure 2021 Farmasi Income […]
Colorstreet started in 2017 to offer “dry nail polish strips” as an alternative to fingernail polish. The nail strips are stickers that are applied to fingernails, with the excess length removed with a a nail file. The company later added […]
Beautycounter was founded in 2013 with a line of 9 skin care and cosmetic products. The products are sold using the multi-level marketing model, but are also available at retailers such as Ulta, and formerly at Sephora. Beautycounter Commissions Overview […]
In this ongoing saga of one Jennifer McKinney, pyramid topper at the MLM Xyngular, and recipient of millions of dollars of commissions…. I have a minor update in her bankruptcy case. (May I remind you, this is the THIRD time […]
Defenders of multi-level marketing (MLM) will tell you that some companies “do it” right, while some companies “do it” wrong. The fact that a multi-level marketing company like Mary Kay Cosmetics has been around for more than 55 years does […]
Eight years ago, I wrote a piece about how financial guru Dave Ramsey sucks because he supports multi-level marketing. I was hoping that since then, things may have changed. They haven’t. Dave has even gone further with his support and […]
