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Pyramid Scheme

Business 

Pyramid Scheme

November 4, 2019November 4, 2019 BRIEF
Federal Trade Commission, 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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Business Consumers 

Pyramid Scheme

October 3, 2019October 3, 2019 BRIEF
Federal Trade Commission, 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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Securities 

Pyramid Scheme

May 23, 2019May 23, 2019 BRIEF
currency, Fraud, Pyramid Scheme, SEC

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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Consumers Personal Injury 

Snake Oil

April 15, 2019April 15, 2019 BRIEF
Class Action, Pyramid Scheme, racketeering

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.”

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Criminal 

Heiress to Liquor Fortune Charged in Sex-Slavery Case

July 24, 2018July 30, 2018 AMANDA OTTAWAY
alcohol, cult, heirs, New York, Pyramid Scheme, sex, slavery

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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Business Consumers 

Pyramid Scheme

June 13, 2018June 15, 2018 ROBERT KAHN
Federal Trade Commission, Pyramid Scheme

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.

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Criminal 

Bail Denied for Self-Help Boss Accused of Sex Slavery

June 12, 2018 AMANDA OTTAWAY
Bail bonds, New York, Pyramid Scheme, sex trafficking, 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.

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Criminal 

NXIVM ‘Sex Lair’ Sought in Forfeiture Action

May 23, 2018May 23, 2018 AMANDA OTTAWAY
Brooklyn, celebrity, forfeiture, New York, Pyramid Scheme, sex, slavery

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.” 

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Criminal 

Self-Help Boss Accused of Sex Slavery Appears in Court

March 27, 2018 DAVID LEE
cult, New York, Pyramid Scheme, sex, slavery

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.

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Criminal 

NXIVM Founder Keith Raniere Arrested on Sex-Slave Charges

March 26, 2018 AMANDA OTTAWAY
cult, New York, Pyramid Scheme, sex, slavery

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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Consumers Employment 

Pyramid Scheme

February 9, 2018March 28, 2018 ROBERT KAHN
Federal Trade Commission, Pyramid Scheme

The FTC accuses Digital Altitude and others of defrauding consumers of $14 million in a work-at-home scheme that advertised “make six figures online.”

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Arts Criminal Government 

Rare Manuscripts Face Auction as Pyramid-Scheme Case Trudges Along

November 15, 2017 ASSOCIATED PRESS
auctions, France, Fraud, investors, literature, Pyramid Scheme

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.

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Consumers 

Multilevel Marketer Arbonne Called a Pyramid Scheme

June 1, 2017June 1, 2017 MATT REYNOLDS
Class Action, Pyramid Scheme, racketeering

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.

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Business Securities 

Class Accuses Market America of Racketeering

May 31, 2017August 15, 2017 MATT REYNOLDS
Asia, China, Pyramid Scheme, racketeering, sales

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.

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Consumers 

AdvoCare Supplements Called a Pyramid Scheme

March 14, 2017October 26, 2017 DAVID LEE
Class Action, Fraud, nutrition, Pyramid Scheme, racketeering, Regional5, supplements

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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Employment 

‘Healthy Chocolate’ Vendor Must Pay $7.7 Million for Scam

March 6, 2017March 6, 2017 MIKE HEUER
Chocolate, Nevada, Pyramid Scheme

A federal judge ordered Reno-based MXI Corp. to pay $7.7 million to settle a class action from salespeople who accused it of running a pyramid scheme involving “healthy” Xocai chocolate.

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