Amway is a scam, sell your stock. Do your part and submit a complaint at www.FTC.gov and forward the below John Oliver video link to everyone you know, except current Amway IBOs, and encourage them to do the same, and so on, à la network marketing/MLM. If you don't, then you're part of the problem: https://www.youtube.com/watch?v=s6MwGeOm8iI
Amway has 2 major problems, and most MLMs have at least one of these issues:
1. The products are overpriced, which makes them almost impossible to sell to customers and results in Amway being an illegal pyramid, according to the FTC and SEC websites and previous court decisions; and
2. The Tool Scam is hidden profit for the top level distributors only, and the vast majority of distributors operate at a net loss as a result. This is RICO fraud.
Although there is no federal law defining pyramid schemes, the FTC has a long and successful track record of using its Section 5 law prohibiting “unfair and deceptive” business practices to go after MLM scams: https://www.ftc.gov/tips-advice/business-center/guidance/multilevel-marketing which states, in part, “Not all multilevel marketing plans are legitimate. If the money you make is based on your sales to the public, it may be a legitimate multilevel marketing plan. If the money you make is based on the number of people you recruit and your sales to them, it’s probably not. It could be a pyramid scheme. Pyramid schemes are illegal, and the vast majority of participants lose money.”
Watch this video about Amway and other MLM scams, then forward it to everyone you know, except for current Amway IBOs, and encourage them to do the same. When enough people know, these scams will collapse:
Stock: [AMWAY]: AMWAY (M) HOLDINGS BHD
2019-06-21 05:51 | Report Abuse
Amway is a scam, sell your stock. Do your part and submit a complaint at www.FTC.gov and forward the below John Oliver video link to everyone you know, except current Amway IBOs, and encourage them to do the same, and so on, à la network marketing/MLM. If you don't, then you're part of the problem: https://www.youtube.com/watch?v=s6MwGeOm8iI
Amway has 2 major problems, and most MLMs have at least one of these issues:
1. The products are overpriced, which makes them almost impossible to sell to customers and results in Amway being an illegal pyramid, according to the FTC and SEC websites and previous court decisions; and
2. The Tool Scam is hidden profit for the top level distributors only, and the vast majority of distributors operate at a net loss as a result. This is RICO fraud.
For recent examples, google “FTC” along with the following companies, one at a time: FHTM, BurnLounge, Zeek, TelexFree, Vemma, and Herbalife. Make a complaint on the FTC website: https://www.ftccomplaintassistant.gov/?utm_source=takeaction#crnt&panel1-1
Although there is no federal law defining pyramid schemes, the FTC has a long and successful track record of using its Section 5 law prohibiting “unfair and deceptive” business practices to go after MLM scams: https://www.ftc.gov/tips-advice/business-center/guidance/multilevel-marketing which states, in part, “Not all multilevel marketing plans are legitimate. If the money you make is based on your sales to the public, it may be a legitimate multilevel marketing plan. If the money you make is based on the number of people you recruit and your sales to them, it’s probably not. It could be a pyramid scheme. Pyramid schemes are illegal, and the vast majority of participants lose money.”
Read about these and much more at these websites: www.StopTheAmwayToolScam.wordpress.com and www.AllMLMFacts.org, and email stoptheamwaytoolscam@yahoo.com to help shut down Amway and other MLM scams.
Watch this video about Amway and other MLM scams, then forward it to everyone you know, except for current Amway IBOs, and encourage them to do the same. When enough people know, these scams will collapse:
English version: https://www.youtube.com/watch?v=s6MwGeOm8iI
Spanish version: https://www.youtube.com/watch?v=Cy-O4myeUzg