doTERRA sells essential oils through “wellness advocates.” The company was warned by the FDA in 2014 that its representatives were making medical claims that were prohibited by law. Here is an analysis of the DoTERRA figures. DoTerra Opportunity and Earnings […]
Xyngular peddles weight loss supplements, drinks, and pills. Independent distributors frequently tout the medicinal qualities of the products (despite being prohibited by law from making medical claims), alleging that the supplements cure fybromyalgia, diabetes, chronic fatigue syndrome, migraines, joint pain, […]
LuLaRoe leggings have become popular, and therefore the multi-level marketing (MLM) “business” of LuLaRoe has taken off. I’ve said over and over that multi-level marketing is not a business because more than 99% of participants lose money. But I wanted […]
LuLaRoe is known for their patterned leggings, but the company sells a variety of casual clothing for women and children. In 2017, the company faced significant legal troubles including lots of unhappy consultants and multiple lawsuits alleging the company was […]
Robert FitzPatrick, one of the foremost experts on multi-level marketing, published a piece entitled “What John Oliver Didn’t Have Time To Say In His Hilarious Exposé Of Herbalife And MLM” on Seeking Alpha. (register for free to read the whole […]
Last Week Tonight With John Oliver devoted this week’s episode to multi-level marketing. Although he uses quite a bit of humor in his presentation, his analysis of MLM is spot on. Multi-level marketing companies are pyramid schemes, plain and simple. […]
I was delighted to be a part of the cover story for the fall issue of the Wisconsin Institute of CPAs (WICPA) magazine CPA2b. The article, Focus on Fraud, profiled the Justice for Fraud Victims Program at Marquette University. The […]
Wall Street Smarts: A Guide to Finding Your Inner Investor, by Miles Goodwin, is masterful compilation of the best investment advice for the average person. The book does the seemingly impossible by pulling together the best investment advice from the […]
I recently had an opportunity to read Financial Advice for Blue Collar America by Kathryn B. Hauer. The book is positioned as a practical guide for the average American who needs to get straight to the important topics, and the […]
While investigating fraud for more than a decade, I have consistently been amazed by the disparity among criminal sentences in financial fraud cases. Of course, there are many facts that go into a sentencing decision, and so it is difficult […]