Quote:
Originally Posted by tkeithlu
Rear ended? Mega owner of mega yacht isn't going to be so mega when this one finishes in court.
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We'll see, probably, eventually.
This is what Wikipedia says about the owner's (at least as of May 6, 2021) Loren and JR Ridinger, company.
"In a 2017 federal lawsuit, two distributors accused the company of violating the Racketeering Influenced and Corrupt Organizations Act and
California state law. The lawsuit calls Market America a pyramid scheme, noting Market America's claim that "the only way to fail under MarketAmerica’s business model is to quit." The suit claims the company targets Chinese-American immigrants to sell products to friends and relatives in
Asia. The lawsuit characterizes Market America's business practice as "racketeering" and says that "while the executives tell distributors they can earn more than $560,000, only those at the top make that kind of
money. Ninety percent of sellers do not receive a penny". In April 2019, the
California case was transferred to a court in
North Carolina and consolidated with another suit.
In 2020, Truth In Advertising started an investigation into Market America. The investigation found that "in the first nine months of 2020, Market America published more than 450 deceptive
income claims across its website, blog and social media pages". According to the organization, "As a 28-year veteran of the MLM industry with seasoned lawyers on staff, Market America should not have to be reminded of the rules. And the rules state that using atypical earnings claims to recruit distributors is not only deceptive, it's against FTC law". The investigation resulted in Market America removing approximately 750
marketing claims from various media,"