A report on Prepaid Legal by expert Robert FitzPatrick, nationally recognized by both law enforcement and the private sector, where he concludes:
“Pre-Paid Legal Services Inc. is not a direct-selling company but a bogus ‘business opportunity’ scheme in which money is transferred from hundreds of thousands of consumers who are falsely lured to invest time and capital, only to inevitably lose money and quit the scheme year after year, to the benefit of a handful of company owners and recruitment promoters. Pre-Paid Legal is an ‘investor Ponzi scheme’ in which funds gained from the fleeced consumers are also used to manipulate Pre-Paid’s share price which further enriches a handful of company owners at the cost of the company as a whole.”