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August 20, 2003
The Victims Sold Amway
By QBlog in
This story tells the story of 21 victims of an "alleged ponzi scheme that scammed investors out of two million dollars."
The story goes on to report that "in this case, the victims all sold Amway products, although Amway is in no way connected to the alleged fraud."
Then there's this story from the AP saying that the alleged scammer "He got other (investments) from friends and fellow Amway distributors." The Amway association is more ambiguous in this story.
But wait, this story from Utah adds a quote from the investigator's report saying "Individuals solicited by the (alleged scammers) included the defendants' co-workers, neighbors, acquaintances and 'what appeared to be fellow Amway distributors.'"
Besides the bizarre nature of these scams the thing that piqued my interest was that they all refer to Amway. Unless I'm mistaken these scams took place fairly recently and certainly within the last 4 years. To my knowledge Amway no longer exists in North America and from my recollection of geography, I believe Utah is in North America.
So, why did three stories mention Amway and not Quixtar?