March 14, 2016 MLM & Affiliate Marketing News
So far, eight Sacramento, Calif., residents, including soccer moms and grandmothers, have been charged with felony fraud, accused of operating a pyramid scheme that authorities believe cheated as many as 10,000 women out of thousands of dollars each.
“They preyed on friends and friends of friends for their own wealth,” said Sacramento Deputy District Attorney Mary Simmons. “They got wealth and wealthier from this scheme from people who could ill afford to invest in it.”
“You went to a house, there was dinner, there was guests,” said Shelby Weigant, one of two sisters recruited by a trusted friend. “It wasn’t like behind a shack with some man in a trench coat. It’s a home with other women that have kids and have families.”
At the parties, new participants were shown a chart and offered an opportunity to buy in at the “appetizer” level for $5,000 each.
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