Multilevel marketing (MLM) programs are a legitimate way of selling products – think Amway, Tupperware and Mary Kay. They become illegal pyramid schemes when the emphasis is on recruiting new ...

On January 13, 2025, the Federal Trade Commission announced that it is seeking comment on proposed changes to the Business Opportunity Rule and a proposed new Earnings Claim Rule. According to the FTC ...

The Texas State Securities Board has shut down the activities of a South African multi-level marketing scheme involving cryptocurrency investments in the state. In a recent statement, Securities ...

The FTC and Nevada Attorney General allege IYOVIA (formerly IM Mastery Academy) defrauded consumers out of $1.2 billion. The scheme used false claims and social media marketing to lure young people ...

In the pursuit of financial independence and security, the concept of economic empowerment has become a fiscal buzzword. Unfortunately, the term often serves as a thin veil for dubious get-rich-quick ...

WASHINGTON, D.C. — Three defendants accused of playing key roles in the IM Mastery Academy scheme will pay $2.5 million to settle Federal Trade Commission (FTC) and State of Nevada allegations that ...

This week, the Federal Trade Commission (“FTC”) proposed changes to the Business Opportunity Rule, together with the possible enactment of a new Earnings Claim Rule. Due to the increasing number of ...