MLM History – SkyBiz Pyramid Scheme Bites the Dust

SKYBIZ SCAM PAYS $20 MILLION TO FTC
BE READY TO FILE TO GET YOURS!

“Distribution of $20 million dollars in consumer redress will begin in the near future for victims of SkyBiz” –FTC

 

24 Mar 2003 – Skybiz settled with the FTC by paying $20 million.  If you joined SkyBiz file to get your money back from the receiver ASAP before the money is gone!  This is one of the largest settlements in MLM history (not adjusted for inflation) against a Pyramid Scheme.  If you bought a biz center or 3, 7, or 15 pack this is your chance to get some $$$ back.  Expect half.  NOW  What happened to the other $15 million that Skybiz had offshore?  Here is one report.  WE WILL HAVE CLAIM INFO UP IN A FEW DAYS FOR YOU! 

“The FTC claimed that the program was a classic pyramid scheme. The agency charged that the claims that consumers who invested in SkyBiz would make substantial income were deceptive; that the defendants’ failure to disclose that most people in pyramid schemes lose money is deceptive; that the defendants provided the means and instrumentalities for others to deceive consumers by providing speakers and promotional materials that made the false and misleading claims; and that SkyBiz was actually an illegal pyramid scheme.”
4 months ago

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