• Press Release: Fraud Investigator Develops Public Awareness Website Regarding Mary Kay Cosmetics

    Milwaukee, WI November 20 2006 . Tracy L. Coenen, CPA, MBA, CFE, a nationally-recognized fraud examiner and expert witness, has developed a website to educate and inform the public about the Mary Kay Cosmetics business opportunity. Pink Truth (www.pinktruth.com) has […]

  • Another MLM Under Investigation

    The Texas Attorney General recently announced that it is investigating Mannatech, another multi-level marketing company scam That offers “nutritional supplements.” The company’s main products, Abrotose (formerly known as glyconutritional) is a sugar pill that the company’s representatives claim cure all […]

  • Scam Busting: Speaking out against Amway

    Eric Scheibeler was once a highly successful IBO (independent business owner) with Amway. He reached the “Founder’s Emerald” status, which represented the top 1/25th of 1% of the IBO’s. After developing his pyramid for almost ten years, Eric discovered documentation […]

  • Scam Busting: Why pick on MLMs?

    In researching multi-level marketing (MLM) opportunities, I found some common threads that bothered me. MLMs are generally legal, while pyramid schemes are generally illegal. Yet if the MLM business opportunities are legal, why would I be interested in researching them […]

  • Gas pill scam busted in Texas

    Texas Attorney General Greg Abbott has filed a lawsuit against [tag]BioPerformance[/tag] Inc. He has also obtained a temporary restraining order to stop the company from operating. BioPerformance is an illegal [tag]pyramid scheme[/tag] that markets fuel pills with false claims. The […]

  • Milwaukee Fraud: Convicted Con Artist Gets 30 years

    Leslie John Hamilton was sentenced to 30 years in prison for masterminding a pyramid scheme that he claimed was an investment in rare coins. The scheme involved over 300 victims, who lost more than $10 million. Hamilton was convicted by […]