FALSE PROFITS
News, Expert Research, Analysis and Commentary on
Pyramid Schemes, Ponzis and Multi-Level Marketing
by Robert L. FitzPatrick
He is the co-author of False Profits: Seeking Financial and Spiritual Deliverance in Multi-Level Marketing and Pyramid Schemes (ISBN: 0-9648795-1-4), the first book to critically examine the multilevel marketing industry. He has been featured on NBC Dateline, ABC World News, and interviewed by correspondent Mike Wallace on CBS 60 Minutes. He has been interviewed live on NBC Today show, Canada’s CBC Marketplace and on several BBC radio news programs aired in the UK.
Press Conference in Sri Lanka following seminar for Central Bank on combating pyramids
False Profits was a featured resource at the 2003 annual meeting of the Association for Professional and Practical Ethics. The related booklet, Pyramid Nation by Robert FitzPatrick, has been translated to Chinese and used by government regulators in writing China’s first laws on pyramid schemes. His essay, “The 10 Big Lies of Multi-
Level Marketing”, has been translated into four languages and posted on numerous websites. His White Paper, “The Main Street Bubble”, which details the extensive influence-buying of the multi-level marketing industry and in the failure of federal regulators to protect consumers from pyramid marketing fraud, has been read by staff circulated among members of Congress.
In June 2005, Robert FitzPatrick was asked by the Central Bank of Sri Lanka to address banking representatives from that country as well as India, Bangladesh, Bhutan, Maldives and Nepal in Sri Lanka’s capital, Colombo. The prese
ntation was later published as part of a consumer education campaign against pyramid schemes.
Robert FitzPatrick has conducted seminars for staff of the Federal Trade Commission, state Attorney General’s offices, US Postal Inspector and members of White Collar Crime Center in Richmond. He was a featured speaker at the 2003 annual meeting of the National Association of Consumer Protection Investigators. He has developed informational resources for consumers, journalists, academics and regulators including a multi-media PowerPoint presentation and a statistical analysis of the losses suffered by participants in multi-level marketing schemes. For state regulators, he produced a PowerPoint review of federal prosecutions of multi-level sales schemes that are based upon continuous recruitment of new sales representatives. He also published a widely read booklet on the landmark federal case brought against the Amway Corporation.
Meeting with Congressman Barney Frank to discuss federal law enforcement against consumer pyramid schemes, with cult expert, Steven Hassan and MLM expert attorney, Douglas Brooks
Robert FitzPatrick founded and serves as president of Pyramid Scheme Alert, the first international association to expose and prevent pyramid scheme fraud. PSA’s website has been visted by more than a million consumers in more than 60 countries.
Interviewed on CBS 60 MInutes by Mike Wallace; with wife Terry Thirion,
and, (below) interviewed on Canadian national news show, Marketplace with host Wendy Medley
Robert L. FitzPatrick, 1800 Camden Rd., Ste. 107 #101, Charlotte, NC 28203
Tel: 704-334-2047 Fax: 888-334-1944 rfitzpatrick@falseprofits.com