Friday, August 16, 2013

How Modelling Scam Works

While Modelling Scam is not MLM, some of the marketing tactics are remarkably similar: they involve selling your own dreams to you.

http://kschang.hubpages.com/hub/Modelling-Agency-Scam-How-it-Works-and-How-to-Avoid-it

Thursday, August 15, 2013

Why do Some MLMers expect other people to take them seriously, when they do NOT take other people seriously?

English: Different customer loyality cards (ai...
English: Different customer loyalty cards (airlines, car rental companies, hotels etc.) (Photo credit: Wikipedia)
In life, "fairness" is often expected. You do something for me, I do something for you.

So why is it different in the MLM world?

A common theme that often emerges in discussion of a particular opportunity's legality is the promoter wants you (the critic) and anybody else to take what they say seriously, while they discount everything YOU wrote/discussed/pointed out as utter garbage to be ignored. Indeed, much of this blog covers such excuses used by such promoters to dismiss criticisms.

Recently, the discussion was rehashed about the opportunity called Lyoness.

Lyoness is a strange hybrid of a shopping loyalty program where you can earn shopping credits (funded by merchant contributions based on your purchase and purchases of those you recruited). However, it also has this potentially illegal component where you can purchase account units (normally generated through shopping) directly, bypass all the shopping, and get money THAT way. Some MLM experts (not me, really) have pointed out this is basically a Ponzi scheme.

Troy Dooly published a blogpost on July 22nd 2013 titled" Lyoness America Violating Pyramid, Ponzi, Securities, and Business Opportunities regulations?"  And the **** really hit the fan. Mr. Dooly lost a bit of credibility when he practically endorsed the ponzi scheme Zeek Rewards, but he was willing to admit his mistakes and learned from it. Now, after being advised by one of his close friends and MLM analyst, he decided to put the information he got out there.

A month later, he was invited down to Miami to talk with Lyoness American leadership and legal counsel in what is pretty obviously a damage control spin attempt by Lyoness.

So what do Lyoness supporters have to say about Lyoness itself, while ignoring its critics?


Wednesday, August 14, 2013

UNCONFIRMED: Is Brazilian Prosecutor Asking for US Cooperation to Shutdown TelexFree here too?

According to Brazilian Media, as reported by PatrickPretty.com, Brazilian prosecutor is asking US prosecutors (which state or Federal agency?) to help it shut down TelexFree

This cannot be confirmed as no specific agency or official was named and thus impossible to corroborate.

http://www.patrickpretty.com/2013/08/12/unconfirmed-report-in-brazil-says-prosecutors-have-asked-u-s-court-to-block-telexfree-accounts-new-signups-unconfirmed/