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newell letter

Source: attorneygeneral.state.wy.us
Topic: Multilevel Marketing

Sort Desciption: Multilevel marketing programsinvolve distributors or sales associates earning commissions on ... their multilevel marketing program we warned them that the ...

Content Inside: Office of the Attorney General Press Release Attorney General Consumer Protection Unit Chief Deputy Attorney General Hoke MacMillan 123 Capitol Building Vicci Colgan Cheyenne Wyoming 82002 307-777-7874/800-438-5799Telephone Deputy Attorney General 307-777-7956 Fax Rowena Heckert Contact: Christopher Petrie Actuality available at (307) 777-5135 November 30 2001 Attorney Generals Office Nets Refunds From Multi-Level Marketer Cheyenne - Attorney General Hoke MacMillan today announced the conclusion of an investigation involving alleged violations of the Wyoming Multilevel and Pyramid Distributorship Act by Pre-Paid Legal Services Inc. of Tulsa Oklahoma. In June the Attorney General accepted a formal Assurance of Voluntary Compliance that required the company to cease using prohibited income statements and to issue over $2000 in refunds to participants who claimed to have been misled by earnings claims. Pre-Paid was also required to pay $4000 in lieu of civil penalties and $1000 to reimburse the Attorney Generals Office for expenses. Pre-Paid Legal Services Inc. is one of the nations largest promoters of prepaid legal services plans. The company markets its products through multilevel or network marketing. Multilevel marketing programsinvolve distributors or sales associates earning commissions on sales and recruitment of additional plan participants and sales and recruitment attributed to those they have recruited. Pre-Paids associates recruit other associates and earn commissions on downline associatess sale. Under Wyoming law this arrangement is considered multilevel marketing. The Wyoming Multilevel and Pyramid Distributorship Act prohibits the use ofincome representations or claimsthat participants have earned any particular amount by participating in the multilevel plan. When we discovered that Pre-Paid was using prohibited incomerepresentations to promote their multilevel marketing program we warned them that the representations were prohibited by Wy ...

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