| Comment Number: | 522418-02370 |
| Received: | 6/15/2006 3:35:51 PM |
| Organization: | |
| Commenter: | Fred Isaacs |
| State: | NV |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
Re: Business Opportunity Rule,R511993 Dear Sir: The following is a copy of an email I sent to Representative Sterns. This copy is just in case he did not receive the original. Sincerely, Fred Isaacs Fred Isaacs Representative Cliff Sterns Chairman, Subcommittee on Commerce U.S. House Of Representatives 2370 Rayburn House Office Building Washington, D.C. 20515 Dear Sir: I own a small business. I am an independent Xango distributor. Xango is a health food supplement. It costs only $35.00 to become a Xango distributor. After the $35.00, there is the cost of inventory. Most people start with a 1 or 2 case order at $100.00 per case wholesale plus shipping, handling and sales tax (in some states). The product has a 100% money back guarantee from Xango Ltd. This is not exactly a big money deal and there little risk to the person who becomes a distributor so I do not understand the reason that I will become subject to a forty-two page law that can send me to jail for not filling in the required records properly, for not keeping the records for years, for not using a required federal form, and apparently for any other things the compliance agencies want to use to send me to jail. I am not a criminal. I am a very small businessman. I also understand that there is a mountain of paperwork that goes along with this act. Why would the government require me to do this for a $35.00 business deal. Why will the government require me to give a person a filled out federal form, most of which would not apply to my business, and than wait for seven days before the consummation of the $35.00 deal? Most of my deals take a few days and I have never had a person who had any complaints. Again, the money back guarantee is from Xango, Ltd. not me, so there is no chance that the money will not be returned. I know that there are scammers trying to get money from people, but this will not help stop any of them. I get more than fifty emails a day from scammers and there is no way to stop them. The Internet is the place that most of these scams happen and these people want a lot of money from their victims or bank or credit card information so they can steal. If there are scammers cheating people face to face, this act will not help stop them either. The FTC should, but does not have the manpower or the money. That is the answer I received when I called to complain about a scam sever years ago. If you want to really do some good, pass an act making it illegal to send emails which have phony return email address, use phony copies of legitimate bank and company Websites to get credit card information, to give stock advice to people without giving any company name, address, phone number, email address and do the hundreds of other email scams. Then fund the act with enough money so these people can be tracked down and brought to the USA for justice. Yes these are all overseas companies or companies in the USA that are essentially invisible. I unfortunately, am visible because I am legitimate. I am the one this act will catch. This act will catch the people who are not good at paperwork and who can not afford expensive lawyers to explain what we have to do. Is that what you want? Do some good, do not put legitimate small business people out of work or at risk of going to jail or spending a fortune on lawyers to keep out of jail. How much do you think I can spend to defend a $35.00 business that is supposed to give me a few extra dollars a month? Consider the costs to the small businessmen and women. Give those of us who want to work, a chance to make some extra money and the people who make a lot of extra money, well God bless them all. Let me have my little piece of the American dream. Who knows what I may do with it? Sincerely, Frederick J. Isaacs