
MLMs Need to be Included in FTC’s Business Opportunity Rule
TINA.org files comment in support of applying rule to direct selling industry.
December 2018: The case was transferred to federal court. (Case No. 18-cv-2898, S. D. CA.)
November 2018: A class-action lawsuit was filed against Obelisk, Inc. and Nebulous, Inc. for allegedly misleadingly advertising preorders for mining appliances tailored to mine the Siacoin and Decred cryptocurrencies. The complaint claims that the companies:
The complaint also alleges that the companies did not register the preorders with the SEC or any state regulatory agency, in violation of state security laws. (Roberts et al v. Obelisk, Inc., Nebulous, Inc. et al, Case No. 37-2018-00058465, California State Court – San Diego)
TINA.org files comment in support of applying rule to direct selling industry.
Even celebs have FOMO
Don’t Be Like Mike and get an FDA/FTC warning letter regarding COVID claims.
U.S.-origin claims questioned after consumer receives box labeled ‘Made in Vietnam.’
Sarah Perez, TechCrunch