Is Essentially Yours Industries a Scam?
64During times of crises, such as this recession we are currently experiencing, various entities will try to scam you of your hard-earned money as a desperate measure to save itself from financial ruin. Is Essentially Your Industries one of these scamming entities? Essentially Yours Industries is now involved in various court cases filed by supposed victims of their multi-level marketing (MLM) business.
So is Essentially Yours Industries a fraudulent company or one that scams
people of their hard-earned money? Well, quite possibly, based on reports and
court documents that leaked to the media. But let’s do our own analysis based
on the information we gathered.
According to reports many of its
distributors have sued Essentially Yours
Industries, and many more are looking to sue. If the number reaches more
than what is allowed for single suits, the plaintiffs are being advised to look
at filing a class suit instead to unify all complainants.
Per complaint documents, Essentially Yours Industries, a corporation selling various consumer products like fuel additives, diet supplements and the Code Blue water filtration system – the main focus of the filed court cases – allegedly violated Securities Act 1933, 15 U.S.C §§ 77a for its failure to register the “Precious Metals Program: The Code Blue Profit Sharing Plan”, as required by the said Act. Complainants also allege numerous state law claims against Essentially Yours Industries which, as stated in the Plaintiffs' Third Amended Complaint, include violation of the Michigan Consumer Protection Act ("MCPA").
Aside from selling various products, Essentially Yours Industries is a MLM company that thrives on networking wherein it recruits business associates whose main task is also to recruit other business associates. Thus, in some peoples eyes, it can be very much likened to the pyramiding scheme that Bernie Madoff was recently indicted for. There is also the case of R. Allen Stanford, the billionaire who is responsible for the massive financial fraud on countless American citizens.
Based on the information we have gathered on Essentially Yours Industries, the question on whether Essentialy Yours Industries is a scam or not will not be answered by myself or the reader but rather decided by the court system. A class action suit against Essentially Yours Industries is pending.
The distribution system that Essentially Yours Industries uses to sell product is the multilevel marketing medium. It teaches its representatives to prospect for potential clients and representatives the conventional way: pique interest, set a meeting, invite to a seminar etc. This is the traditional "AMWAY" way of doing business. It works but this process is becoming less effective and efficient. Why not optimize your time and energy with a different way to generate prospects via a new revolutionary marketing system and business opportunity. Work Smarter, Not Harder. Make money online with a lucrative alternative to Essentially Yours Industries.
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