Multi-Level Marketing Income Disclosures

Some multi-level marketing (MLM) companies release income disclosures or earnings disclosures. These documents theoretically provide insight into how much distributors earn in commissions or overrides. However, the disclosures are generally worthless. What is more important than the information in these documents? The information that is not disclosed in the documents. …

5 Points of Similarity Between Medifast and YTB (YourTravelBiz.com)

UPDATE: On February 17, 2010, Medifast Inc. filed suit in US District Court, Southern District of California, alleging defamation, violation of California Corporations Code, and unfair business practices. On March 29, 2011, Judge Janis Sammartino dismissed all of Medifast’s claims against me in her ruling on my anti-SLAPP motion. 1. …

YTB Called “Gigantic Pyramid Scheme” By California Attorney General (and Sued, Too)

Yesterday on WalletPop, I wrote about how California’s Attorney General announced a lawsuit against YourTravelBiz.com (YTB) and called it a “gigantic pyramid scheme.” The evidence that it is a pyramid scheme is based upon the fact that the company theoretically offers members a chance to sell travel services to customers, …