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Beautycounter (dissolved in 2024); Betterware (placed into administration in 2018) [23]; Black Oxygen Organics (shut down in November 2021) [24]; BurnLounge (shut down as pyramid scheme by FTC in 2012)
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Multi-level marketing (MLM), also called network marketing [1] or pyramid selling, [2] [3] [4] is a controversial [4] and sometimes illegal marketing strategy for the sale of products or services in which the revenue of the MLM company is derived from a non-salaried workforce selling the company's products or services, while the earnings of the participants are derived from a pyramid-shaped or ...
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From 1988 to 2000, Shaklee was the title sponsor of an American-based UCI professional cycling team managed by Frank Scioscia. In its final year of existence (2000), Team Shaklee was the top-ranked UCI tier III team in the world [ 31 ] and included United States Olympic Team members Jamie Carney , Jonas Carney , Adam Laurent, and Kent Bostick.
In 1987 American Can changed its name to Primerica Corporation, [18] with Gerald Tsai as CEO, the first Chinese American to lead a member of the Dow Jones Industrials. [ 19 ] [ 20 ] In December 1988, Sanford Weill 's Commercial Credit acquired Primerica Corporation for $1.54 billion, retaining the Primerica name.
Amway Corp. (short for "American Way") is an American multi-level marketing (MLM) company that sells health, beauty, and home care products. [2] [3] [4] The company was founded in 1959 by Jay Van Andel and Richard DeVos and is based in Ada, Michigan. [5] Amway and its sister companies under Alticor reported sales of $8.9 billion in 2019. [1]