OnlyCritiques.com Review:

Skybiz, based in Tulsa, was once among the fastest growing multilevel marketing companies during the late nineties and early 2000. However, Skybiz was essentially an illegal pyramid scheme. Multilevel marketing by itself is a legal way of doing business. Nevertheless, many Internet marketers adopt unfair means of multilevel marketing. They do not market any real product or service. Such multilevel marketing is illegal.

Federal authorities authorize multilevel marketing companies to function with real products or services. These companies can pay compensation to people with a multilevel marketing plan. However, Skybiz did not have any concrete product for sale.

The product of Skybiz was their web site offering Internet tutorials. Skybiz primarily was into recruiting many sales representatives to market such Internet tutorials. According to federal authorities, this does not amount to any real product.

According to estimates, only as little as 6% of the total recruits could really get their initial investments. Another 13% of recruits could salvage something from the Skybiz pyramid scheme. Skybiz tried to detract federal authorities from declaring their company as a pyramid scheme by offering a new set of web site creation tools to every new customer. However, customers rarely used most of these web sites. These were only for getting access to the commission payments chain formed through various recruits.

Skybiz was the same as WorldWide Service Corp., World Service Corp., and Nanci Corp. International. It had around 1.5 million recruits in 190 countries. These recruits had to pay $125 to join the company. Skybiz said that they would eventually recover the money through their income from the sale of web sites and Internet tutorials. However, more than ninety-five percent of the recruits could never get back their investments.

After many complaints, Federal authorities finally closed functioning of Skybiz in 2001. Since many had already paid for sites, federal agencies allowed them to keep for a year. However, no one has been able to sign after 2002. Finally, Skybiz owners James Brown, Elias Masso, and Kier Masso agreed to stay away from multilevel marketing for another twenty-two years and pay back $20 million in proceeds in March 2003.

Considering that I endlessly review and read customer reviews on various business opportunites, you can be sure that I know where best to invest my hard earned dollars. CLICK HERE TO LEARN HOW I MAKE A MID SIX-FIGURE INCOME AND HOW YOU CAN TOO!