About Mike

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So far Mike has created 13 blog entries.

SEC Files Lawsuit Against Traffic Monsoon Founder Charles Scoville, Alleges $207 Million Ponzi Scheme

By | 2018-05-04T18:54:54+00:00 July 26th, 2016|Categories: MLM Lawsuits, Multi-Level Marketing, SEC|

Today, federal regulators filed a lawsuit in Salt Lake City, UT, alleging that Charles Scoville has been running Traffic Monsoon as a massive Ponzi scheme. Scoville and Traffic Monsoon's assets were immediately frozen and a receiver will be appointed to secure and eventually allocate the $60 million that Scoville is alleged to be hoarding in U.S., Canada, [...]

What is a High-Yield Investment Program (HYIP)?

By | 2018-05-09T15:26:01+00:00 July 25th, 2016|Categories: MLM Glossary, Multi-Level Marketing|

A high-yield investment program, or HYIP, is a type of investment scam or Ponzi scheme that promises unsustainable returns for investors by paying previous investors with funds garnered from new investors. While these types of programs can achieve incredible growth very quickly, they become a victim of their own success by eventually not being able to meet their outstanding [...]

What is the Direct Selling Association?

By | 2018-05-09T15:26:22+00:00 July 10th, 2016|Categories: MLM Glossary, Multi-Level Marketing|

The Direct Selling Association (DSA) is the lobbying group for direct selling companies in the U.S., United Kingdom, Australia, Malaysia, Singapore, and New Zealand. Members of the DSA consist primarily of companies that utilize a multi-level marketing structure to generate revenue. MLM companies are characterized by large incentives to recruit other members or distributors, and less [...]