Shyam
As ever, your little flock of resident, intellectually-castrated 'Amway' apologists are completely missing the point.
Indian criminal law concerning money circulation schemes, was drafted in such an intellectually-rigorous way as to attempt to deconstruct this type of pernicious and complex fraud. However, the Indian legislation, although well-conceived, could still be made even more effective. Thus, after examining the evidence, and using some essential indentifying characteristics of a money circualtion scheme established in Indian criminal law, Indian judges have already concluded that 'Amway India Enterprises's' own glowing (but ultimately incomprehensible) description of its activities, and what this demonstrably-counterfeit corporate structure has actually been doing, are completely different. However, 'Amway India Enterprises' hasn't yet been prosecuted for criminal fraud. The organization only came under the scrutiny of Indian Judges, because its attorneys had foolishly filed a malicious writ in a centrally-directed attempt to obstruct investigation of ongoing major racketeering activities.
Once you know how the trick is pulled, the loophole in US commercial legislation concerning money circulation schemes (which the bosses of the 'Amway' mob have always exploited and lobbied to perpetuate), is rather obvious.
If a US citizen sponsors a pyramid 'investment' scheme in which he/she asks members of the public to pay him/her $200 per month, and to recruit their friends and relatives to do the same, on the pretext that 'anyone who exactly duplicates this proven plan can retire from work within a few years,' then that citizen would be in breach of US commercial legislation concerning mathematically-impossible money circulation schemes. However, if the same US citizen sets up the identical, counterfeit commercial scheme, but arbitrarily, and falsely, defines his/her victims as 'Distributors', 'Business Owners', 'Customers' , etc., rather than 'Investors', and gives them some (effectively) worthless wampum in exchange for their monthly $200 payments, then, apparently that citizen would be in the clear. Around 25 years ago, economists at the Federal Trade Commission finally worked out that in any pyramid 'sales' scheme, if (over an extended period of operation) less than 70% of the scheme's revenue could be proved to be coming from a source, or sources, other than the pockets of its own participants, then that scheme was a swindle. Mysteriously, no independent mechanism has ever been set up by the US admistration to verify that pyramid 'sales' schemes have sufficient external revenue. Similarly no agency of the federal government exists to educate about and, thus, protect citizens from this type of fraud. That said, in every democracy ruled by law (including the USA), a fundamental principle exists:
Lying to people in order to take their money is fraud, which is a form of theft.
In other words, for more than half a century, the toothless US commercial legislation concerning money circulation schemes, could have been easily bypassed by US prosecutors simply by charging the billionaire bosses of the 'Amway' mob with criminal fraud.
David Brear
As ever, your little flock of resident, intellectually-castrated 'Amway' apologists are completely missing the point.
Indian criminal law concerning money circulation schemes, was drafted in such an intellectually-rigorous way as to attempt to deconstruct this type of pernicious and complex fraud. However, the Indian legislation, although well-conceived, could still be made even more effective. Thus, after examining the evidence, and using some essential indentifying characteristics of a money circualtion scheme established in Indian criminal law, Indian judges have already concluded that 'Amway India Enterprises's' own glowing (but ultimately incomprehensible) description of its activities, and what this demonstrably-counterfeit corporate structure has actually been doing, are completely different. However, 'Amway India Enterprises' hasn't yet been prosecuted for criminal fraud. The organization only came under the scrutiny of Indian Judges, because its attorneys had foolishly filed a malicious writ in a centrally-directed attempt to obstruct investigation of ongoing major racketeering activities.
Once you know how the trick is pulled, the loophole in US commercial legislation concerning money circulation schemes (which the bosses of the 'Amway' mob have always exploited and lobbied to perpetuate), is rather obvious.
If a US citizen sponsors a pyramid 'investment' scheme in which he/she asks members of the public to pay him/her $200 per month, and to recruit their friends and relatives to do the same, on the pretext that 'anyone who exactly duplicates this proven plan can retire from work within a few years,' then that citizen would be in breach of US commercial legislation concerning mathematically-impossible money circulation schemes. However, if the same US citizen sets up the identical, counterfeit commercial scheme, but arbitrarily, and falsely, defines his/her victims as 'Distributors', 'Business Owners', 'Customers' , etc., rather than 'Investors', and gives them some (effectively) worthless wampum in exchange for their monthly $200 payments, then, apparently that citizen would be in the clear. Around 25 years ago, economists at the Federal Trade Commission finally worked out that in any pyramid 'sales' scheme, if (over an extended period of operation) less than 70% of the scheme's revenue could be proved to be coming from a source, or sources, other than the pockets of its own participants, then that scheme was a swindle. Mysteriously, no independent mechanism has ever been set up by the US admistration to verify that pyramid 'sales' schemes have sufficient external revenue. Similarly no agency of the federal government exists to educate about and, thus, protect citizens from this type of fraud. That said, in every democracy ruled by law (including the USA), a fundamental principle exists:
Lying to people in order to take their money is fraud, which is a form of theft.
In other words, for more than half a century, the toothless US commercial legislation concerning money circulation schemes, could have been easily bypassed by US prosecutors simply by charging the billionaire bosses of the 'Amway' mob with criminal fraud.
David Brear
2 comments:
"Amway apologists miss the point"
Exactly, that's why they defend a business where less than 1% of the IBOs make any real money.
Brear,
Your problem is you don't know what you're talking about. The 70% rule is one example.
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