In this current low-regulatory environment, I was surprised to see that the Federal Trade Commission (FTC), the State of Washington, and Amway recently announced a $225 million settlement over “Unfair and Deceptive Business Practices”.
Multilevel Marketing (MLM) firms, sometimes called “pyramid schemes”, have a common set of criticisms and the settlement details offered some detailed examples of those criticisms. If you have thought about joining an MLM, you should definitely read the entire thing.
Most Amway “Independent Business Owners” (IBOs) lost money. ...
English (US)