Bernie Madoff Would Blush If He Could Steal Money Like This
February 14, 2016 at 01:48 AM EST
Research shows over 28 billion lost annually by consumers in Network Marketing industry...
INCLINE VILLAGE, Nev. - Feb. 14, 2016 - PRLog -- "Bernie Madoff would blush if he could steal money like this every year!" says Jay Peters of Zodiac Publishing in Incline Village, Nevada. "It's estimated people lost 18 billion in the largest Ponzi scheme in U.S. history (which Madoff operated). But the losses in Network Marketing are far larger," concludes Peters. It all began when Jay was researching different home business opportunities for the "Real Cash Secrets" newsletter (which investigates various ways to earn a second income).
"Most of us have heard of Network Marketing or MLM before. Usually, we think of household names like Amway, Herbalife or Mary Kay. But we never think how many people are losing money working as distributors for these companies. And this is where the truth becomes stranger than fiction." While researching, Jay came across the work of Dr. Jon M. Taylor, Phd, MBA, with the Consumer Awareness Institute.
"His findings and 20 plus years of research shocked me. Because when we think of Network Marketing or MLM we usually think of a friend or family member pushing products or business opportunity on us and that's pretty harmless. But the losses the public are enduring as a result are horrendous and in the billions," he says.
"If you take the time to do the research you will discover a shocking reality. Not only are the losses estimated at over $28 billion a year, but the losses are happening every year (year after year). Let me put it into perspective ..." he says.
"Madoff started the largest Ponzi Scheme in American history back in the 1990s. In the scheme there were about 4800 investors and approximately half (or 50%) lost an estimated 18 billion dollars (according to the SIPC Trustee). The key words are '$18 BILLION lost by 50% of the participants.' Now picture this ..." he goes on.
"The Network Marketing industry in the United States does over $31.8 billion each year with 15 million people working as independent distributors. But research now reveals 99.3% of those distributors are losing money every year! And this number is based upon data provided by the top 12 Network Marketing companies in the United States," says Peters.
"I was shocked when I poured over the research of Dr. Taylor. But I also knew we had to write a report about it to give our readers the truth. The report is called 'The Four Dirty Network Marketing (MLM) Secrets You Probably Don't Know' and is available free on our website at http://zodiacpublishing.com."
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