Search results
Results from the WOW.Com Content Network
Primerica, Inc. is a multi-level marketing company that provides insurance, investment and financial services to middle-income families in the United States and Canada. [8] [9] [10] Primerica is the parent company of National Benefit Life Insurance Company, Primerica Life, Peach Re, and Vidalia Re. [8] [11] Primerica acquired e-Telequote in ...
Vector claims they are a single-level direct selling marketing company, not a multi-level marketing company or a pyramid scheme as its detractors claim. History [ edit ] Vector Marketing Corporation was founded in 1981 by Don Freda in Glenolden, Pennsylvania , as an independent seller of Cutco Cutlery products manufactured by the Alcas Corporation.
European Home Retail (dissolved in 2007) Fortune Hi-Tech Marketing (dissolved in 2013) FundAmerica (bankrupt in 1990) [25] Holiday Magic (dissolved in 1974) House of Lloyd (a.k.a. "Christmas Around the World") (filed for Chapter 11 bankruptcy in 2002) Kleeneze (went into administration in 2018)
Thousands of people were tricked into joining an illegal pyramid scheme in Texas that targeted African-Americans and lost more than $10 million, according to federal authorities.. LaShonda Moore ...
A pyramid scheme is a business model which earns primarily by enrolling others into the scheme, however rather than earning income (or providing returns-on-investments) by sale of legitimate products to an end consumer, it mainly earns by recruiting new members with the promise of payments (or services).
Multi-level marketing (MLM), also called network marketing or pyramid selling, is a controversial marketing strategy for the sale of products or services in which the revenue of the MLM company is derived from a non-salaried workforce selling the company's products or services, while the earnings of the participants are derived from a pyramid-shaped or binary compensation commission system.
BurnLounge, Inc. was a multi-level marketing online music store founded in 2004 and based in New York City. By 2006, the company reported 30,000 members using the site to sell music through its network. In 2007, the company was sued by the Federal Trade Commission for being an illegal pyramid scheme. The company lost the suit in 2012, and lost ...
Vemma ( / ˈviːmə /) Nutrition Company was a privately held multi-level marketing [1] [2] [3] company that sold dietary supplements. [4] The company was shut down in 2015 by the FTC for engaging in deceptive practices and being a pyramid scheme. [5] The company, based in Tempe, Arizona, was founded in 2004 by Benson K., Lauren, and Karen Boreyko.