Perpetuating the Myth That People in MLMs Make Money

It is common for multi-level marketing companies to publicize  that  “direct selling” (the code name for multi-level marketing or legalized pyramid schemes) picks up during a recession. The whole industry is portrayed a massive opportunity for consumers to make money when their lives are otherwise in financial disarray. This is …

Fraud Investigator Joins Pyramid Scheme Alert Board

Milwaukee, WI November 22, 2006 — Pyramid Scheme Alert announces that Tracy L. Coenen, CPA, MBA, CFE has been named to the organization’s Board of Advisors. Her consumer education website, PinkTruth.com, which exposes and analyzes the business and recruiting practices of Mary Kay and the plight of Mary Kay salespeople, …

MLM: Largest & Least Investigated Consumer Fraud

On September 27, 2006 Robert L. FitzPatrick delivered a one-hour presentation at the 7th Annual Fraud Conference of the Association of Certified Fraud Specialists in San Francisco. ACFS is a professional organization of attorneys, private investigators, forensic accountants, corporate loss management and audit managers and federal and state regulators. The …