Articles tagged with "scheme"

Does anyone like Scrapbooking?

22 May 2023

This week I've looked at what might be behind a funny story about combat-ready mermaids, and found out that it's not the answer I thought I was going to find. I also did a silly thing, and joined a Multi Level Marketing scheme - but don't worry, it's all above board. Just email me if you'd like to join my downline or buy some of my scrapbooking products, and I can give you my affiliate link.

I joined an MLM!

22 May 2023

I was so pleased to hear on your latest podcast that you are interested in becoming a scrapbooker and/or card maker! It's a great way to preserve your memories rather than have them languish on your phone, to be lost at Google or Apple's whim.

Scam on the New Zealand horizon, a confession, an avatar, and priceless real estate

8 May 2023

If you have a social media account, you may have found your feed clogged with advertisements for the new ecommerce platform TEMU. The company launched in NZ in March but has only ramped up its promotions in the past week. In particular they use influencers to encourage potential customers to send their friends and family referral links. In return, the referrers are able to earn tokens, chances to enter draws, and play casino games in order to win cash. If that wasn't worrisome enough, the company has already been subject to comparisons to the low-quality products of other ecommerce platforms like WISH and SHEIN. I'm currently on a dogged quest to find out all I can about this company and, while it isn't a pyramid scheme or MLM, its operations are reminiscent of other businesses I've written about. Keep your eye open for an article on TEMU in the near future.

Ghost of NZ Skeptics past

20 March 2023

When we started the NZ Skeptics Calendar project last year, the first place Mark Honeychurch and I turned to was our own archive. Unfortunately, it wasn't nearly as fruitful as it could have been, as editors past had removed all references to dates and newspapers from the clippings published. Still, there was one story that intrigued me…

MLMs and the promise of wealth from your dining room table

28 March 2022

What do Avon, Tupperware, Doterra, and Arbonne have in common? They are all businesses in New Zealand that utilise multi-level marketing (MLM) strategies. If you aren't familiar with the names or the products, ranging from hair care and makeup to herbal supplements, you might at least have come across the sales and recruitment gimmicks they employ. Maybe your Mom was a frequent invitee or hostess for a friend's sex toy party (Pure Romance) or cooking utensil business (Pampered Chef); maybe your favourite Uncle loved to talk about the conventions and seminars he was attending (Amway). Regardless, the fact remains that they are a controversial marketing model that exploits millions of people worldwide with promises of financial freedom that are only available to those who are placed at the tippy top of the MLMs' pyramid-like structures.

EvoRich will make you Poorer

17 May 2021

A week ago I opened the LinkedIn app on my phone, and noticed a comment on a post that was made by someone in NZ who was an “EvoRich Consultant”. His profile didn't seem to match what I'd expect from a corporate consultant, so I quickly searched Google for EvoRich to see what it was all about - with the suspicion that it might be some kind of Multi Level Marketing scheme.

Doterra selling cancer cure in NZ

15 October 2017

Doterra is a successful multinational company which sells innovative medical treatments - or at least that's what they'd have you believe. In reality, it appears to be a Multi Level Marketing scheme, based on Essential Oils, which preys on vulnerable people and makes dangerous untrue claims about their products.

Gifting Circles now illegal

16 July 2017

Women's gifting circles have made the news again this week as they are now officially considered a pyramid scheme by the Commerce Commission.

MMM Scam hits Nigeria

18 December 2016

In the scheme invested money receives a return of 30% profit after a month. It works as a classic Ponzi scheme, where the incoming money from new members is used to pay members whose investment is withdrawn. These schemes work while they gain in popularity, but stop working as soon as they stop growing. The most famous example of this is the Bernie Madoff fraud, where it's estimated that $65 billion was lost.

News Front

1 August 1991

By KINGSLEY FIELD and FIONA BARBER