Let's continue with this train of thought - what if Herbalife is found to be a Pyramid or Ponzi scheme? What does this mean for Multi-Level Marketing schemes in general?
There is no doubt that MLM's are found just about everywhere in contemporary America. What would happen if such schemes were suddenly declared illegal, or at the very least, suspicious? Networks such as Avon or various food clubs would find their entire business plans under scrutiny. The bad publicity alone would drive many of these companies from business. Investors would have serious thoughts about placing their monies into a business that was under such intense Federal scrutiny. Certainly, any competent criminal defense attorney would tell their clients to wait until there was a definite Federal decision, one way or another, before investing in an MLM. If there were a Federal (or comparable) decision that MLM's were Pyramid or Ponzi schemes, any competent criminal defense attorney would certainly tell their clients to stay away from such schemes. The risk is too great for investment.
There is no doubt that MLM's are found just about everywhere in contemporary America. What would happen if such schemes were suddenly declared illegal, or at the very least, suspicious? Networks such as Avon or various food clubs would find their entire business plans under scrutiny. The bad publicity alone would drive many of these companies from business. Investors would have serious thoughts about placing their monies into a business that was under such intense Federal scrutiny. Certainly, any competent criminal defense attorney would tell their clients to wait until there was a definite Federal decision, one way or another, before investing in an MLM. If there were a Federal (or comparable) decision that MLM's were Pyramid or Ponzi schemes, any competent criminal defense attorney would certainly tell their clients to stay away from such schemes. The risk is too great for investment.
NOTE: THE INFORMATION IN THIS BLOG IS NOT LEGAL ADVICE NOR
IS IT INTENDED TO BE LEGAL ADVICE. IF
THE READER HAS ANY LEGAL QUESTIONS, PLEASE REFER TO AN ATTORNEY.
NOTE: ANY INDIVIDUAL WHO HAS NOT PLED GUILTY TO A CRIME OR
WHO HAS NOT BEEN FOUND GUILTY BY A JUDGE OR JURY IS INNOCENT UNTIL PROVEN GUILTY
AS PER THE LAWS OF THE UNITED STATES OF AMERICA.
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