This article was written jointly by both Kevin Thompson and Kevin Grimes As most of you know, the FTC sued Vemma, alleging the company to be a pyramid scheme. Without a hearing, the FTC convinced a federal judge to shut down the company with a temporary injunction. On September 15, Vemma had an opportunity to […]
I’m not one to report the news. I’m a lawyer, not a reporter. When I write about current events, I write from the context of providing education. I try to take my time and pull out the lessons. Here, I’m reporting on the news. While there’s a lot to be learned from this hearing, those […]
In Part 1 of the MLM Cryptocurrency series, I discussed the basics about cryptocurrency MLMs. In this section, I provide specific information to help consumers stay safe. The Basics Before I get into the specifics, I want to answer three questions: (1) What is cryptocurrency? Cryptocurrency is digital money that relies on cryptography. Instead of […]
This is part 1 of a 2 part series about cryptocurrencies and MLM. I caught the Bitcoin bug two years ago, back in mid-2013. I was speaking with a client and he mentioned this Bitcoin thing, talking about how it was a new way to send “funds” overseas without any intermediaries (banks). I was hearing […]
Richard Brooke On the Wisdom of Business Development Agreements
I’m thankful for Richard Bliss Brooke. He’s a courageous leader and he’s never afraid to call it like he sees it.
This is a 20 minute video. There’s no need to watch the whole thing (it’s long!). Start at the 15:20 mark where someone asks “Do you think Business Development Agreements are bad for network marketing?”
His answer is brief and to the point. It’s an important issue that will eventually be addressed at an industry-wide level. But in the meantime, we need to be educated. Please watch at the 15:20 mark.
Thompson Burton’s MLM law practice often fields questions from companies looking to sue distributors for various reasons. We also take calls from distributors that are being sued by their former network marketing company. We’ve seen the same issues litigated, over and over, from both sides, across the country. The surface reasons for these suits are […]