Operators of “Blessing Loom” Scheme Banned from Multi-Level Marketing As a Result of Pyramid Scheme Charges Brought by the FTC and Arkansas
“The FTC’s settlement permanently ends an illegal pyramid scheme that targeted Black communities with false promises of no risk substantial income,” said Samuel Levine, Director of the FTC’s Bureau of Consumer Protection.
- “The FTC’s settlement permanently ends an illegal pyramid scheme that targeted Black communities with false promises of no risk substantial income,” said Samuel Levine, Director of the FTC’s Bureau of Consumer Protection.
- Like most blessing looms, BINT allegedly coordinated payments (called “blessings”) between members using playing boards with different levels.
- BINT also allegedly prohibited participants from truthful, non-defamatory reviews and other information about the scheme on social media or online.
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