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Want to Know If a Business is an MLM Scam - Here’s a Checklist To Figure it Out!

Have you ever randomly received a message from one of your old friends on any of your social media platforms asking if you want to catch up? It usually sounds like, “Heyy! What’s up? It’s been so long. Let’s go out for coffee soon!”. You feel happy and reply to them in the affirmative, but unfortunately, that is when the real problem walks in. They ask you whether you’re still working in the dreaded, full of slavery, corporate world. 

Out of nowhere, they start telling you about a ‘unique business opportunity that changed their entire life, and they just can’t wait to tell you all about it at the coffee meet-up. Beware! You’re about to get into an MLM scam that is about to cost you thousands and thousands of dollars! Oops!

MLM scams today are flourishing! In fact, the current pandemic has played a significant role in creating perfect conditions for them to increase over the past two years. Wondering what an MLM is? Basically, an MLM business hires new employees to market the same products and services by acting as “consultants” to friends, family, and acquaintances. It is also known as direct marketing, network marketing, or direct sales. 

Unfortunately, some programs marketed as MLMs are, in fact, illegal scams called pyramid schemes. While a pyramid scheme may appear to be a legitimate MLM setup, it’s actually not. It is an illegal, dishonest business model that makes money by continuously adding new members rather than through retail sales.

Although some people say that there is no such protection for MLM scams as people themselves are responsible for trusting blindly, we should know that there are so many ways to check if a business is an MLM scam. Also, there are numerous funds retrieval companies out there that can help you get your money back. Want to learn more about this checklist and the retrieval company? Don’t worry; we’ve got you!

Multi Level Marketing Scam

Victims around the world lost around $529 million from being swindled by their cyber sweetheart

If you want to keep yourself safe from falling victim to Online Scams, then you’re definitely at the right place. We can give you the best practices in identifying red flags as well as help you in recovering your stolen money from scammers!

Table of Contents

Checklist To Spot MLM Scams

MLM scams are known as pyramid schemes. They look like legitimate MLM business opportunities and sometimes sell actual products, maybe even ones you’ve heard of. However, if you become a distributor for one of these, it can cost you a lot! Basically, time and money that you JUST CANNOT think of recovering anytime soon.

These recruiters attempt to entice you by making false promises about the insane money you’re going to make. They claim that by selling their goods, you can instantly transform your life, quit your work, and become rich as ever. Know that is a lie! If becoming rich was so easy, everyone would be a billionaire right now.

Here are some of the top warning signs of an MLM scam! Explanation below.

caution tape

Extravagant Promises

A wise man once said, ‘getting scammed once is a mistake, but twice may be a choice!’ Hence, don’t fool yourself again. 

It all starts with promoters making unbelievable promises about your income. They will overstate it to a large extent. Stop! These promises are nothing but a fake!

Also, they will tell you everything that has happened in their life, from the terrible to the difficult to the current massive success resulting from this amazing opportunity that they just love to share with others. They will also use a lot of motivational quote cliches, both in person and on social media. Be wary of people who are always boasting about how hard they are working and spreading memes and quotes about how success is the result of their hard work. It’s all crap!

DO YOU NEED EXPERT ADVICE?

We have encountered victims who were mentally and emotionally drained when they were scammed out of their money. We can help you with your legal and technical concerns. We can help you get your money back.

Emphasize Recruiting New Members

According to MLM promoters, the real way to get money flowing is by adding new distributors to your network of customers. As soon as they say this, walk away! Know that in a legitimate MLM program, you can make money just by selling the product regardless of any distributors.

Emotional Attempts

Promoters manipulate your emotions and apply high-pressure sales techniques, possibly warning you that you’ll miss the chance if you don’t take action immediately and discouraging you from researching the business. In such a case, know that any company that tries to pressure you to join is one to avoid. Leave ASAP!

Also, before signing up with an MLM business, always conduct thorough and detailed research. Start with small deposits and money transfers first and continue if the process goes smoothly. Do not make the mistake of committing all your money right away. Look for their unfavorable reviews. It would be best to get a comprehensive picture of any person you’re investing with, so look for negative ratings and positive reviews. 

You can locate these by adding the word ‘scam, bad’ to your search. One person’s terrible experience does not necessarily imply that you will have a negative experience, but it will give you a fuller picture. And most importantly, look out for other customer complaints about not being able to withdraw money. It is a red flag for a scam, but try to reach out to the user and inquire about their experience before passing judgment.

Focus On Distributors

To remain active in the business or to be eligible for incentives or other awards, distributors purchase more products than they intend to use or can resell. If you see this happening, keep your money safe!

Key Takeaways - Save Yourself From MLM Scams Today!

Don’t worry if MLM scams have duped you or someone you love. You can contact agencies like The Claimers, an information source that can assist you in locating the most appropriate fund recovery agency – which allows clients to register a complaint against a scammer and reclaim their funds. 

They have experts who can assist you with any scam, especially if it’s an MLM scam. When you say it, a team of professional agents will be assigned to investigate the issue, gather evidence and data, monitor your scammer’s digital footprint, and construct a strong case against them to catch them as soon as possible. To regain all of your valuable belongings and money that you’ve misplaced. From cyber investigation to digital tracking, they develop a system that restores a victim’s lost money 99.99 percent of the time.

So what are you waiting for? Get your money back today!

do you need help?

A lot of those who contact us have questions and concerns about their personal and business data being compromised. We aim to arm you with the legal and technical know-how in the fight against scams. Also, we will be able to refer you to top scam recovery agencies.

Please fill up the form. Rest assured that our support team will get in touch with you

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