| Comment Number: | 522418-08596 |
| Received: | 7/13/2006 12:54:51 AM |
| Organization: | Robin G Smith Consulting |
| Commenter: | Robin Smith |
| State: | CA |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
I was just "stung" by the MLM Bioperformance out of Irving, TX. Not only did they deduct money from my checking account without shipping product, the product they were labeling and promoting as "Non Toxic Enzymes" to increase my gas mileage, turned out to be the illegal poison naphthalene - the substance that used to be in mothballs before it was banned. The company has been shut down by the Texas Attorney General's office, and everyone is currently awaiting the outcome of a trial. My suggestion for the FTC would be to require all of the principals of any MLM which was recruiting over state lines to identify ALL of the principals of the company, including the top "independent" sales people WITH A MANDATORY DISCLOSURE of what MLMs they have been involved in before, and what, if any law suits or law enforcement action was taken against them. It seems to me that if you required this, with STRICT enforcement, you wouldn't have to have any other portion of these new regulations. If I had known the background of the principals of the company, one of whom had already had run ins with the CA AG, subsequent to which the MLM was shut down, I never would have signed up with Bioperformance. And come to find out the top sales people, who are running all the recruiting meetings, are the same people going from one pyramid scheme to the next. Identifying the real villains (and their families and, apparently in some cases, their aliases), would go a long way to stopping most of the real crime. Thank you for your time, Robin Smith Sacramento, CA