I was reading an article in USA Today (July 25th 2013) titled “The Supplement Danger Zone, written by Alison Young, that really hit home with me. Over the years I have questioned some of the products used to fuel questionable compensation plans because some of the formulas have included questionable ingredients and seemed to just be a way for Conepreneurs (Con Artists acting as entrepreneurs) to justify their pyramid or ponzi game. This article may open folk’s eyes to take some time an learn more about the ingredients in the products you are taking and/or promoting. Click the image below to view the video report!
I personally think two of the loopholes used by guys like Mat Cahill are the grandfathering of some chemicals and ingredients from the Federal Food, Drug, and Cosmetic Act
and the GRAS (Generally Recognized As Safe
) guidelines inside the current FDA Rules and Regulations! In reviewing the deposition from Matt Cahill, it is easy to see how he skirted some of the regulations placing the general public who bought his products in harms way. I have seem people who are wanting to launch network marketing companies do the same thing. And at times it was not, the company founders who caused the issues but purported formulators who fully understand the FDA rules, regulations and loopholes.
Most folks who are in this community or who roll through here, realize I am a firm supporter of Entrepreneurship, and that I do not believe anything should keep a person from succeeding in life, or getting second chances. But, when a person conspired to harm others financially, physically or mentally, then we have issues, and that is where some regulation can come in handy! Cahill, was able to get away with, what some call murder.
How The Internet Exploded Cahill’s Business
How Cahill Created Superdrol
The Testing Of Superdrol
The Licensing of Superdrol to 3rd Parties
Prison Time… Didn’t Stop Him!
Now as we can see from above, it is very easy for Conepreneurs, to serve their time, and start right back up in business. So we need to be super careful to dig deeper into the products, leaders and company history. Network Marketing law firm Grimes & Reese have written or provided the following resources that can help people dig deeper in understanding the rules and regulations and how they can affect companies and people in the direct selling industry.
Dietary Supplements: An Advertising Guide for Industry
Federal Trade Commission Voluntary Guidelines for Providers of Weight Loss Products or Services
FTC Staff Comment on Draft Report of the Commission on Dietary Supplement Labels
Guidance for Industry: Factors that Distinguish Liquid Dietary Supplements from Beverages, Considerations Regarding Novel Ingredients, and Labeling for Beverages and Other Conventional Foods
FDA’s Summary of Dietary Supplement Health and Education Act of 1994
REGULATORY PROCEDURES MANUAL CONTENTS