| Comment Number: | 522418-10058 |
| Received: | 7/15/2006 4:57:24 PM |
| Organization: | Consumer Awareness Institute and Pyramid Scheme Alert |
| Commenter: | JON TAYLOR |
| State: | UT |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| Attachment: | 522418-10058.pdf Download Adobe Reader |
Comments:
ATTN: FTC officials – I am submitting a revised cover letter to the one submitted on July 1. It includes more information and a corrected web site link to pull up the full report on the REPORT OF VIOLATIONS of the FTC Order for Nu Skin to cease and desist misrepresenting earnings of distributors. It is very instructive on the subject of business opportunity disclosure, which is why I am making sure you have the best information regarding it. It powerfully illustrates the problems with business opportunity disclosure for pyramid marketing (chain selling) schemes, which have proliferated into the hundreds since the 1979 Amway decision. You will also find that Exhibit G, part 2, has been re-written to make it more understandable at first reading – although both versions are useful, depending on the level of depth desired when looking at modifications. - Jon M. Taylor, Ph.D., President, Consumer Awareness Institute and Advisor, Pyramid Scheme Alert E-mail: Web site for MLM research and guides