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Ponzi Schemes & Multi-Level Marketing
Is Herbalife a pyramid scheme?
A popular weight loss program is treading the fine line between multi-level marketing (OK) and a pyramid scheme (not OK)! Do you know the difference? Herbalife is a company I've long taken calls about dating back to the 1980s. They sell vitamins, dietary supplements, skin and hair care, protein drinks ...
MLM vs. Pyramid schemes. Know the difference
A popular weight loss program is treading the fine line between multi-level marketing (OK) and a pyramid scheme (not OK)! Do you know the difference?
Lead Generation scheme coming to your mailbox
Have you gotten an envelope in your mailbox recently promising easy money? Clark has, and you might get one too. Here's why you need to watch out.
The deal behind motivational/money seminars
Have you seen ads for those motivational seminars promising free or cheap tickets to see big name speakers in your area? Clark pulls the curtain back on how they're really making their money.
Zeek Rewards shut down by the feds
Zeek Rewards has been shut down by the Securities and Exchange Commission on charges that it is "a massive Ponzi and pyramid scheme." I have received calls about Zeek Rewards as a way to make money since the moment the company started up about two years ago. The promise was ...
Motivational seminars are dangerous for investors
Have you seen a motivational show with big name speakers coming to your area that offers free or cheap tickets? Beware of the unknown speakers between the big names because they may clean your wallet out. The San Francisco Chronicle reports these kinds of motivational road shows often feature speakers ...
Common warning signs of a Ponzi scheme
RIP-OFF ALERT: The latest Ponzi scheme to come tumbling down shows that all investment scams have common themes at their core. The Sacramento Bee reports an investment advisor named Thomas Hammond is going to prison for 4 years and 9 months after stealing more than half a million dollars from ...
Warning signs of investment scams
What's behind the continuing lure of Ponzi schemes? I think it's that we want to believe the path to El Dorado is easy. I believe it's an oversimplification to say it's all just about greed. It's really that we want things to be easy, we want that one answer that ...
"Pump and Dump" stock scams
Ever gotten a hot stock tip sent through your Facebook or Twitter account? Here's why you should think twice before buying that highly touted penny stock.
TV/talk show host sentenced for Ponzi scheme
Do you trust me to give good, solid financial and consumer advice? Be careful with that trust! Years ago, I told a story on the air about a talk show host in Colorado who went to jail because he used his show as a front. He was pretending to give ...
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