In wake of Telexfree fiasco, Mass. Securities Division warns of pyramid schemes

[littleroundman]

In the wake of the ongoing TelexFree investigation/s, Massachusetts Commonwealth Secretary William Galvin, who oversees the Massachusetts Securities Division has issued a warning against pyramid schemes disguised as Multi Level Marketing businesses also has published a brochure titled, “Illegal Pyramid Schemes Disguised as Multi-level Marketing Businesses (MLMs).

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You can read the original warning on the SEC.STATE.MA website (http://www.sec.state.ma.us/sct/sctpyramid/pyramididx.htm)

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You can download a copy of the brochure in .pdf format HERE (http://www.sec.state.ma.us/sct/sctinv/pdf/Illegal_Pyramid_Schemes.pdf)