Tag: Pyramid Scams

Do New MLMs Just Reuse and Rebrand Products of Failed MLMs?

When some Multi-Level marketing (MLM) companies are accused of being illegal pyramid schemes, their first defense is to say that they have products to sell. They’ll even boast that these are high quality products that justify their often very high prices. But what if they are the same products sold by other currently operating and failed MLMs?

Who are the product suppliers for these MLM companies? Here’s one of them:

Success200 Guyabano (Graviola) capsules supplied by Moringa Mountain Trading
Success200 Guyabano (Graviola) capsules supplied by Moringa Mountain Trading. Image from Success200 Agarica Living International Facebook page

 

Moringa Mountain Trading – major product supplier of MLM companies?

Continue reading Do New MLMs Just Reuse and Rebrand Products of Failed MLMs?

Advertisement

Distinguish Between Legitimate Multi-Level Marketing and A Pyramid Scam – Pinoy Style

Multi-Level Marketing (MLM) is a legitimate business strategy. However, many scammers have been disguising their pyramid scams as MLM companies . How can a potential investor distinguish between a legitimate networking company and an illegal Ponzi scheme? 

Gotcha! If the word “investment” is used by the company, and you are called an “investor”, those are initial clues that it might be a Ponzi scheme. What are the other things you need to watch out for?

The Direct Selling Association of the Philippines (go see their website here) has come up with an eight-point test in distinguishing between a legitimate MLM company and an illegal pyramid scheme (most likely disguised as an MLM). ALL eight questions must have “YES” answers for a company to be evaluated as legitimate.

Here are the eight questions:

Continue reading Distinguish Between Legitimate Multi-Level Marketing and A Pyramid Scam – Pinoy Style

SEC Issues Advisories on MLM Companies Success200 and FLAG Prosperity

 

Success200 and F.L.A.G. Prosperity Marketing are the latest Multi-Level Marketing (MLM) companies that the Securities and Exchange Commission (SEC) Philippines issued advisories on.

 

success200 logo
Success200 logo. Image from Success200 company facebook page

 

FLAG prosperity logo
Freedom Life Alliance Global Marketing F.L.A.G. Prosperity Marketing Logo. Image from freedomlifealliance.com

 

Here are the advisories on Success200 and F.L.A.G Prosperity:

Continue reading SEC Issues Advisories on MLM Companies Success200 and FLAG Prosperity