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The Practical Need
Pyramid Schemes/MLMs are frauds disguised as business opportunities or investments based out of money from later participants. They constantly infiltrate campuses from Community Colleges to Ivy League Schools due to no vetting . A movement would have to start with the younger generation, engaging with students and faculty. Help us spread awareness and cut off predatory practices. Save students wasting potential.
Reasons for pyramid scheme elimination
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Providing Clarity
There is ambiguity between legal forms of network marketing and illegal pyramid schemes. This causes confusion and raises many questions. In reality, illegal pyramid schemes and product based pyramids known as multi-level marketing are the same in principle. Pyramid Scheme Termination Cause will provide awareness to consumers and relevant parties to mitigate damage on individuals and communities.
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Social Impact
An estimated 15 million people join MLMs each year! MLMs promote lies by appeal to greed. MLMs set bad examples of business ethics or even ethics in general. Ruined relationships often occur from MLM Indoctrination. There are countless testimonies of divorces, lost personal connections, home foreclosures and even several suicide stories.
FinanciaL iMPACT
Pyramid schemes result in financial loss for the vast majority. There are many MLM distributor testimonies of heavy debt. The amount of over 100 billion dollars in the MLM industry in its entirety needs to be siphoned out from the promotion and continuation of financial traps into an honest economy. The lost rates of legal MLMs are actually higher than illegal straight money based pyramid schemes? 90% compared to 99.7%
eND pREDATORY Practices
Pyramid schemes practice recruit vulnerable or naive groups of people into their financial trap. These groups include single mothers, struggling or highly impressionable college students, various types of immigrants, elderly with medical bills and people already in financial hardship. Let's end this predatory practice and perpetration of lies to the vulnerable. Let's give real FACTS and STATISTICS
Pyramid Scheme Timeline
Any information relating to politics is to be factual only, not to influence votes or change political values. 501c3 Organizations have rights to inform
Question any real retail sales out pyramid recruits
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enacted
Click download more descriptive Word Format of the timeline (List Format)
Click download descriptive Word Format of the "Anti" Pyramid Scheme Act (HR 3409)
Multilevel Marketing: Last Week Tonight with John Oliver (HBO)
The Multilevel Marketing Cults: Lies, Pyramid Schemes, and the Pursuit of Financial Freedom
Our First Youtube Video: Robert FitzPatrick Interview
FTC Chairwoman Edith Ramirez
Bill Ackman
Robert FitzPatrick
Jon M. Taylor, MBA, Ph.D
Albert Einstein
Steven Hassan
“Multi-level marketers should stop presenting business opportunities as a way for individuals to quit their jobs, earn thousands of dollars a month, make career-level income, or get rich because in reality, very few participants are likely to do that. Although it may be true that a very small percentage of participants do have success of this type, testimonials from these rare individuals are likely to be misleading because participants generally do not realize similar incomes.”
Quotes
“It is a certainty that Herbalife is a pyramid scheme. We believe it's harming a population of low-income, principally Hispanic people in the U.S. to benefit a handful of super wealthy people at the top of the pyramid.”
“In recent decades, pyramid schemes have become an insidious, pervasive and corrupting influence in the marketplace and community, causing financial and social harm on a global scale.”
“Loss rates are extraordinary – over 99% for all of the MLMs for which I have been able to obtain relevant data. This in itself would not be so bad, except that MLM is promoted as an “income opportunity” – or even as a “business opportunity” – a misrepresentation in itself.”
“Insanity: doing the same thing over and over again and expecting different results.”
“Most MLMs use tactics of recruitment, financial manipulation, and the promise of large profits. But they also work the same as other cults, with thought control, magical thinking, thought-stopping, and self-blame.”
Pyramid Scheme Termination Cause Inc. CEO
" A greater level of insanity than what Einstein described is doing the same thing over and over again, subconsciously knowingly the infeasibility of a system, but brush it off, due to heavy cult indoctrination. Pyramid Scheme or MLM recruits are instilled a pseudo-practical thought process not based out rationality, but emotionalism, mixed with a false sense of spirituality, to overcome impossible odds."
About us
The Nonprofit
Non Profit formed to spread awareness of financial traps, engaging in communities or interested parties
Aims to provide relevant information about pyramid schemes to interested parties, even professionals or students
Aims to use multiple strategies, thinking outside the box to diminish pyramid schemes as much as possible
Aims to start a movement, expand in prevalence and to be aggressive against pyramid schemes
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