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Fraud Files Forensic Accounting Blog
Fraud Files Forensic Accounting Blog
Commentary on fraud, scams, scandals, and court cases.
 
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Category: Pyramid Schemes & MLM

Pyramid Schemes & MLM

Gas pill scam busted in Texas

18 May 2006 12 June 2010 0

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 company has stated that the [tag]fuel pill[/tag]s increase gas mileage, …

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Ponzi Schemes, Pyramid Schemes & MLM

Milwaukee Fraud: Convicted Con Artist Gets 30 years

6 January 2006 19 November 2011 0

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 a federal jury on 28 counts of mail fraud and …

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Meet Tracy Coenen

https://youtu.be/rT-ud-Unm44

Top Posts & Pages

  • Primerica Financial Services: The Fake Job Interview
  • MLM Income Disclosure Statements
  • Mary Kay Cosmetics: Destroying Half a Million Women a Year
  • Dooce Will Sleep With Your Husband
  • A New Pyramid Scheme: United First Financial
  • A Former Primerica Representative’s Story

Recent Comments

  • Tracy Coenen on Creating an MLM in Ten Easy Steps: “All of the above!” Jan 16, 18:52
  • Business Consulting and Accounting on Primerica Financial Services: The Fake Job Interview: “I was in college when they reached out to me about coming there to work. I was not familiar with…” Jan 11, 11:20
  • Business Consulting and Accounting on Financial Statement Fraud: Overstatement of Revenue: “The old tricks of the trade for some companies. Those chickens one day will come home to roost. Large companies…” Jan 11, 11:14
  • ROBERT FITZPATRICK on Creating an MLM in Ten Easy Steps: “This piece beautifully and succinctly captures the MLM con game. So how is it possible the FTC keeps classifying MLM…” Jan 5, 19:38
  • Not a Brokie on Mary Kay Cosmetics: Destroying Half a Million Women a Year: “The proccess of the franchise of marykay turns your slow money to fast money. Brokies have slow money the rich/wealthy…” Dec 29, 12:33
  • annonymous on Lottery Fraud: Increase Your Chances of Winning the Lottery: “Data Junkie, If you win the jackpot, your payout may be more than 100% if the jackpot is high enough…” Dec 23, 04:10
  • Beckkkkyyy on This is Why Welfare Sucks: “stfu you goofy ass” Dec 6, 05:21
  • ANNA on In Law We Trust: “A top notch jerk ……. RUN FROM THIS FREAK” Dec 4, 17:16

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