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Subject:
Telecommunications Companies
Category: Business and Money Asked by: gloriaeauclaire-ga List Price: $2.00 |
Posted:
17 Oct 2005 10:28 PDT
Expires: 16 Nov 2005 09:28 PST Question ID: 581318 |
Is the company ACN Telecommuinications really a legit company or is it a Pyramid scam? Please send some proof. |
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Subject:
Re: Telecommunications Companies
Answered By: wengland-ga on 18 Oct 2005 10:13 PDT |
Greetings! It depends. In the US, a judge in Delaware asked for permission to participate, and the Ethics Advisory Committee granted limited permission. http://courts.delaware.gov/jeac/opns/97-2.pdf ACN uses the same marketing program as other long-time network marketing businesses like Tupperware and Amway, according to the Hoovers' Fact Sheet: http://www.hoovers.com/acn,-inc./--ID__128499--/free-co-factsheet.xhtml However, in Austrailia, the courts have ruled that it is an illegal pyramid, and shut it down. http://www.austlii.edu.au/au/cases/cth/federal_ct/2005/276.html Also, it was charged in Canada with being an illegal pyrimid program: http://www.ic.gc.ca/cmb/welcomeic.nsf/261ce500dfcd7259852564820068dc6d/85256a220056c2a485256c2400601163 They made "[...] exaggerated income representations without disclosing the actual income of typical participants on the plan as required by the Act. ACN Canada was also alleged to be operating as illegal scheme of pyramid selling by offering recruitment bonuses." http://competitionbureau.gc.ca/internet/index.cfm?itemID=1132&lg=e So, to answer your question, they are a "legit company" in some places, using a legal marketing program. However, some of their practices border on illegal, and have gotten them into trouble around the world. If you require further clarification, please ask before rating this answer. Search Strategy: ACN Telecommunications ://www.google.com/search?q=ACN+Telecommunications ACN Court ://www.google.com/search?q=ACN+Court ACN Canada ://www.google.com/search?q=+ACN+Canada |
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Subject:
Re: Telecommunications Companies
From: alb333-ga on 25 Dec 2005 12:45 PST |
Regarding the legitimacy in Australia and Canada...each country has different legislation and regulations for what makes a company and its operations legal. Franchising in America, when it first hit the business world, was thought to be illegitimate and many tried to shut down franchising operations. Today, franchising is a common business practice. The same is true for network marketing, it is so new (in business terms) that many countries do not have regulations written or have not updated any legislation regarding such. In America, a true "pyramid scheme" operates in a way that there are no products or services offered and when a new member pays to enter, that money is paid out to other members in the system. ACN does not operate in this way, there are services provided for customers, and there is a balanced compensation plan in place in which no money is paid for merely recruiting others. I recommend reading "Retire Young, Retire Rich" or "Cashflow Quadrant" by Robert T. Kiyosaki for more information regarding network marketing and its practices. |
Subject:
Re: Telecommunications Companies
From: iknowyouwanna-ga on 12 Sep 2006 10:23 PDT |
I would agree with the poster above. ACN is not a "Pyramid Scheme" according to FCC standards. However, if you look at the compensation plan, are people making more money off of recruiting or more money from product residual? How much are you making off billing in levels 1-5? 1/4% that's .0025 of 1.00! If you've got $100,000 in billing, do you know how much residual that is? A whopping $250. The required amount to become a Regional Vice President(RVP) is $75,000 in billing, doesn't look like that RVP is making much from residual billing. So where is the big money coming from? Guess. |
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