Pyramid Scheme
The FTC accuses Jeffrey Olson, of Fort Lauderdale, of running an illegal pyramid scheme through his co-defendant companies Neora fka Nerium International, Signum Biosciences, and Signum Nutralogix, in federal court.
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Pyramid Scheme
Advocare International, of Plano, Texas and its five “leading promoters” are running an illegal pyramid scheme under the guise of a “multi-level marketing company that promotes health and wellness products,” the Federal Trade Commission claims in federal court.
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The SEC brought a federal complaint against EProfit Systems, saying investors in the IPro pyramid scheme involving a so-called cryptocurrency were defrauded of $27 million, which the founder used to buy a Rolls-Royce, a multimillion-dollar mansion and other goodies.
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A federal RICO class action claims that Young Living Essential Oils, Young Living Foundation, and their directors run “a cult-like organization falsely peddling the ever-elusive promise of financial success and an alternative lifestyle.”
Read moreHeiress to Liquor Fortune Charged in Sex-Slavery Case
Seagram’s liquor heiress Clare Bronfman was arraigned in Brooklyn federal court on racketeering charges Tuesday in connection with a group that prosecutors say operated like a secretive cult and recruited women as sex slaves.
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The FTC claims in federal court that Mobe Ltd. dba Mobe dba My Online Business Education dba My Own Business Empire; Mobeprocessing.com defrauded customers of $125 million since 2013 in a pyramid scheme.
Read moreBail Denied for Self-Help Boss Accused of Sex Slavery
A federal judge in Brooklyn denied a bail package Tuesday for accused sex trafficker Keith Raniere, partly because it did not identify the trustee of the proposed $10 million bond.
Read moreNXIVM ‘Sex Lair’ Sought in Forfeiture Action
Government prosecutors called for the forfeiture of an upstate New York house where they say the founder of international professional-development group NXIVM repeatedly had sex with at least three of his “slaves.”
Read moreSelf-Help Boss Accused of Sex Slavery Appears in Court
The founder of professional-development group NXIVM was arraigned Tuesday afternoon in Texas federal court, sensationally accused of heading a secretive cult that branded female followers with cauterizing pens and keeping them as sex slaves.
Read moreNXIVM Founder Keith Raniere Arrested on Sex-Slave Charges
The founder of international professional-development group NXIVM was arrested Monday on federal charges of running a cult-like organization in which female members were branded and considered sex slaves.
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Rare Manuscripts Face Auction as Pyramid-Scheme Case Trudges Along
Thousands of French investors are hoping to recover some of the money they lost in an alleged pyramid scheme when a collection of rare manuscripts goes up for auction starting next month.
Read moreMultilevel Marketer Arbonne Called a Pyramid Scheme
Arbonne, an multilevel marketer of health and beauty products that claims to have generated $541 million in revenue last year, is a pyramid scheme, according to a class action RICO complaint in Southern California.
Read moreClass Accuses Market America of Racketeering
Two distributors for Market America claim the company’s $7.3 billion valuation comes from millions of people who have lost money after enrolling in the pyramid scheme, including Chinese-Americans whom the company targets to sell products to relatives in Asia.
Read moreAdvoCare Supplements Called a Pyramid Scheme
A federal class action accuses multi-level marketing giant AdvoCare of securities fraud and racketeering: running a pyramid scheme that sells “overpriced” nutritional supplements through plaintiff distributors.
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