LulaRoe Pyramid Scheme, Have Consumers Been Duped?!?!
LulaRoe Pyramid Scheme
Lularoe Pyramid Scheme, are you a victim or do you know someone who is? At one time, business was BOOMING and they were absolutely everywhere.
Lularoe once was a dream come true for those who wanted to work at home. Unfortunately for most consultants, it has turned into a financial nightmare. It’s not uncommon to rack up thousands of dollars in debt with inventory. Inventory that now sits in storage, taking up precious space. Consultants report sending back their unsold inventory for a 90% of the purchase price refund. Refunds have been taking a YEAR or more to be received!
Washington state has put its foot down and Attorney Bob Ferguson is coming after the company accusing it of operating an illegal pyramid scheme. Many will argue that most if not ALL multi level marketing companies (MLM) are pyramid schemes. An illegal pyramid scheme promises consultants the bulk of their compensation for recruiting more consultants to sell rather than what THEY actually sell for product. The pyramid cannot go on forever as you end up with no more people to recruit. People at the bottom of the “pyramid” make so little or no income at all. This is a huge financial snare as all consultants are expected and required to purchase inventory every month to stay “active” and even eligible to receive income.
A prepared statement from Attorney Bob Ferguson reads, “LuLaRoe tricked consumers into buying into its pyramid scheme with deceptive claims of high profits and refunds for unsold merchandise.” “Instead, many Washingtonians lost money and were left with piles of unsold merchandise and broken promises from LuLaRoe. It’s time to hold LuLaRoe accountable for its deception.”
Ferguson is requesting a judge ruling to stop LulaRoe from operating in Washington state with these alleged deceptive business practices.
LulaRoe has stated the lawsuit is “completely without merit and will fight vigorously against them”.
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