Commentary on fraud, scams, scandals, and court cases.

MLM Income Disclosure Statements

A collection of annual income disclosure statements published by multi-level marketing companies, continuously updated. Last updates done 9/6/22 to add 2021 and 2022 statements for most of the big pyramid schemes listed below.

Some MLMs release income disclosures or earnings disclosures. These numbers are not required to be disclosed in the United States, but some of the companies do it anyway to appear transparent. The disclosures theoretically provide insight into how much distributors earn in commissions or overrides, but they are generally worthless. They are worthless because of what they do not disclose.

Multilevel marketing companies purposely omit important information that would allow potential distributors or investors to have real insight into these plans. In general, earnings disclosure statements often fail to provide the following information that is critical to understanding the plans and the results:

  • Total distributors throughout the year
  • How the total distributor count is calculated (as of a certain date, using averages, or other methodology)
  • Number of new distributors during the year
  • Number of distributors who quit during the year (so you can calculate the churn rate)
  • Turnover rate
  • Number of distributors earning $0
  • Definition of “active” distributor
  • Total number of distributors at a supervisor or leader level (i.e. have recruited other distributors)
  • Total number of  “active” distributors at a supervisor or leader level
  • Amount of product purchased by each level of distributor for the year

Below are links to the earnings disclosures found for various multi-level marketing companies:

If you have any income disclosure statements for the above MLMs (or other major multilevel marketing companies), please send them to the email address on my Contact page.


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  3. M.E.

    Thanks, i found half of them on internet. but your site is a gift for italian debunkers working on false claims.
    MLM is expanding agressively in italy…so few of us worked hard to present what is the real earning opportunity and debunk false claims on products

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  5. Darlene

    Thank you for these, I just discovered your website and will be looking through the whole thing. MLMs are JUST starting to take hold in some of the small Caribbean islands and my first question was: THIS is a pyramid scheme… if not, HOW is it not? I’ve gotten a lot of details since then and am also trying to get the message out. In case the person who commented above reads this… would I be able to find your research about the spread of MLMs in Italy online?? Would really appreciate it.

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  12. Many thanks for putting this together. Would you mind if I use some of your findings and arguments to contradict your view? I think your view on MLM may be based on the more traditional models from 20 years or so ago. I am a successful dentist and own my own thriving practice in London UK. I affiliate with two MLM companies that are extremely forward thinking and have life changing products. I have affiliated my practice with them as my patients can get great discounts and the practice gets paid 40% return on each order. We have apps and I build my business through online contacts only in terms of bringing in partners so I certainly don’t badger my friends and family. I have asked my parents and siblings, husbands and kids to take the product as it truly is doing miraculous things for all of us. My parents are both Professors, one in internal medicine so they have done their research. I admire what you are doing as it is certainly important to raise concerns about the practices of some MLMs but legitimate ones like the ones I represent have paid me weekly and I earned residual income even whilst the practice was closed for 4 months due to Covid-19 lockdown. I would say consider MLM but look at the company, research your Upline and check that there are good ethical systems in place. Dentists are not allowed to affiliate with pyramid schemes as it will affect our professional registration. Feel free to email me on xxxxxxxxxxxx if you require further guidance on this. Having had two bad MLM experiences with companies that are in the top 10 of MLM worldwide, I am well placed to see both sides of the coin. Stay blessed.

    1. Tracy Coenen

      Shame on you for pushing MLM snake oil on your patients. They trust you, and you are abusing that trust by promoting these products to them. Your MLM is doing the same old thing many of them do: promoting a silly product as a cure-all for any ailment someone may have. Stop it.

  13. Jody

    That dentist should be reported. Imagine going to get your teeth cleaned and having your dentist try to shill their crappy MLM garbage on you. Truly disgusting.
    What is the name of your practice? I would love to leave a review.

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