Hunton Retail Law Resource

Following a September 2024 report outlining findings from public income disclosure statements of multi-level marketers (MLM), the FTC announced on January 13, 2025 two Notices of Proposed Rule Making (NPRM) and one Advanced Notice of Proposed Rulemaking (ANPRM) focused on multi-level marketing programs and money-making opportunities. The Commission voted 3-2 along partisan lines to issue these three notices. The proposals would enable the FTC to seek enhanced penalties from covered companies making deceptive earnings claims.

As reported on the Blockchain Legal Resource Blog on August 27, 2019, The Federal Trade Commission reached a settlement with the promoters of chain-based cryptocurrency schemes—Thomas Dluca, Louis Gatto, Eric Pinkston and Scott Chandler—in which the defendants promised recruits big rewards in exchange for a small payment of bitcoin or Litecoin.

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