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Pyramid schemes are sometimes confused with network marketing because they have a similar structure and are largely built by word of mouth. Yet, unlike Network Marketing, Pyramid schemes pay based on recruiting rather then on product sales, and in many instances, no product ever exchanges hands. Pyramid schemes are illegal because their structure eventually collapses, leaving people at the top wealthy and people at the bottom holding the bag.

Forex Broker (AXcess News) Washington - The Federal Trade Commission has settled charges against three corporations and their owners and officers that the defendants used deceptive practices to promote their multilevel-marketing program and were operating an illegal pyramid scheme. The Commission will receive about $1.5 million in consumer redress as part of the settlement. Three of the defendants, who had been top distributors for Equinox International, a multilevel-marketing firm sued by the FTC in 1999, are permanently banned from the multilevel-marketing industry.

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Online Brokerage The defendants sold products such as water filters, cleaning supplies, nutritional supplements, and beauty aids through a nationwide network of distributors. In its complaint filed in December 2002, the FTC alleged that while distributors were told they could make money by selling the products, the defendants emphasized that they could make more money by focusing on recruiting new distributors. According to the complaint, distributors used deceptive claims to lure prospective participants, including claims that salaried jobs were being offered. The complaint further alleged that the defendants misrepresented that distributors were likely to earn substantial incomes, and that the defendants operated an illegal pyramid scheme.

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Real Estate Broker The defendants- Trek Alliance, Inc.; J. Kale Flagg; Richard and Tiffani Von Alvensleben; Harry Flagg; Trek Education Corporation; and VonFlagg Corporation- are a multi-level marketing company, its owners and officers, its training arm, and its parent corporation.

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Agency Brokerage Spark The orders against Kale Flagg, the Von Alvenslebens, and the corporations permanently ban them from multilevel-marketing. In addition, Kale Flagg is ordered to pay $360,000 and the Von Alvenslebens to pay $515,000. Harry Flagg- who, unlike the other individual defendants, had not previously been involved in multilevel-marketing- is not subject to a ban, but is prohibited from participating in illegal pyramid schemes and is required to pay $20,000. The orders for all of the defendants also prohibit the violations alleged in the Commission's complaint. Additionally, as part of the settlement, the defendants have authorized their insurance company to pay $600,000 to the FTC to be used as consumer redress. The payment settles a claim against a Directors & Officers liability policy issued to the defendants.

Selling through explanation and demonstration of products to a group of prospective customers by a Direct Seller, usually in the home of a hostess who invites others for this purpose. “Product” Product includes goods and services, both tangible and intangible. “Pyramid Scheme” Pyramid schemes are illegal money making schemes outlawed in terms of Consumer Affairs (Unfair Business Practices) Act, 1988. Such schemes generally involve large numbers of people at the bottom of the pyramid who pay money to a few people at the top for a chance to advance up the pyramid and profit from others they recruit below them. level marketing programmes.

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