"Buy 1 for yourself and get the chance to sell your friends and family 5 and get your downline started!" We examine the multi-level marketing industry, where only the people who come up with the ideas make any money, and everybody else is left unhappy, broke, and tired of reading scripts and selling overpriced vitamins and similarly worthless products. Includes Global Prosperity, Pinnacle Quest International, IRS Codebusters, Stratia, and other new Global Prosperity scams.
Now we turn our attention to Frank L. VanderSloot, the billionaire businessman whose privately-held company, Idaho Falls-based Melaleuca, is one of the biggest donors to the super PAC backing Mitt Romney (Restore Our Future). He's also national finance co-chair of the former Massachusetts governor's campaign (somehow avoiding the legal barriers that are intended to keep super PACs separate from candidates' campaigns).
Melaleuca is essentially a pyramid scheme -- or, more politely, a "multilevel marketing firm," like Amway or Herbalife (HLF) -- in which so-called independent marketing executives make money by peddling the company's dietary supplements and cleaning products, as well as recruiting more salespeople (the newer recruits being on the lower levels of the pyramid).
Writing about VanderSloot is a riskier endeavor than covering Adelson or Friess: As Glenn Greenwald of Salon.com has explained, VanderSloot is in the habit of threatening to sue just about anyone who puts his name in print, from local bloggers to Forbes magazine.
How can a guy who is unable to do calculations any self respecting junior high student could perform effortlessly get a job as the co-chair of finance????
I have never been afraid of the consequences of telling the truth. The best action films out there have as their theme Davids battling Goliaths.
'There are two kinds of injustice: the first is found in those who do an injury, the second in those who fail to protect another from injury when they can.' (Roman. Cicero, De Off. I. vii)
'Choose loss rather than shameful gains.' (Chilon Fr. 10. Diels)
Hey I never said anything about Malalucre anyway, I just pointed out a news article relating to MLM. I'm sure he was framed. Please don't sue me, kind master.
WASHINGTON, DC – Former Speaker of the House and General Chairman of American Solutions, Newt Gingrich, recently honored Mr. Frank L. Vandersloot, CEO of Melaleuca, Inc., as American Solutions’ 2009 Entrepreneur of the Year from Idaho. Speaker Gingrich recognized Mr. Frank Vandersloot at an American Solutions awards dinner on September 23, 2009 at the Capitol Hill Club in Washington, DC.
