Kevin Thompson, aka "The MLM Attorney", of Thompson Burton, is an outspoken critic and proponent of MLM. He is plain-spoken (for an attorney, ha-ha) and does not sugarcoat problems with MLM business model, including the gray areas within the system, as well as problems surrounding the system.
He was one of the first who spoke out against the Zeek Rewards ponzi, and even then he lamented about how the industry kept silent, and even gave it tacit approval (two other MLM lawfirms were involved in "compliance" of Zeek, implying endorsement / legality)
Now he's giving a very public warning about what he called "leverage profit sharing programs", i.e. pay-to-play "profit-sharing" businesses... i.e. very much like Zeek. And he named three: Banner Brokers, Profitable Sunrise, and GoFun Places.
Banner Brokers was already busted in Goa India.
Profitable Sunrise was busted in 27 out of 50 US states and multiple countries (UK, Australia, etc.)
Read his article for yourself, and heed his warning.
http://thompsonburton.com/mlmattorney/2013/03/21/leveraged-profit-sharing-programs-spread/
a blog about Skepticism, MLM, Scams, and Critical Thinking
Saturday, March 23, 2013
Wednesday, March 20, 2013
BREAKING NEWS: 27 states plus multiple countries after "Profitable Sunrise" HYIP
Profitable Sunrise, an HYIP that claimed to be in UK and promises daily profit of 1-3% through "bridge financing", is now on the watch list of at least 27 states and multiple countries including UK, Australia, and more, with Louisiana and Tennessee joining the crowd, as reported by Patrick Pretty.com
http://www.patrickpretty.com/2013/03/19/update-louisiana-joins-growing-list-of-states-that-have-issued-investor-alerts-on-profitable-sunrise/
http://www.patrickpretty.com/2013/03/19/update-louisiana-joins-growing-list-of-states-that-have-issued-investor-alerts-on-profitable-sunrise/
Subscribe to:
Posts (Atom)