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You are here: Home > Home Based Business > Network Marketing > Prosperity Automated System: S.E.C. Orders Cease and Desist |
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Top Adding - Prosperity Automated System: S.E.C. Orders Cease and Desist
Since the PAS "millionaire making system" has run into a mighty bit of difficulty with the Securities and Exchange Commission which filed an injunction last month against William M. Osterhout and his Prosperity Network, Inc., d.b.a. Prosperity Automated System (PAS), the numerous PAS web sites hav According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product e been scrambling to create new loopholes and get their new-improved versions of PAS on-line. The S.E.C. claims that PAS is a "fraudulent pyramid scheme"... the charges go on and on for twenty pages. They claim there are at least 25,000 PAS web sites owned either by PNI or its PAS investors. No wo ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug. Examples of combination products may in nder these web sites pop up in profusion when you are searching for ways to make money on the internet. The more internet marketing-savvy PAS “investors” who have spent the most money marketing their sites have earned quite a respectable on-line presence making them hard to avoid. Take note of th lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together. at! PAS claims (claimed) to be a 100% Fully Automated System that simply generates vast amounts of cash while you lay on the beach in the Caribbean or whatever view of the ocean you prefer. The real truth is NO ONE makes money with PAS or systems like them, without spending a lot of extra time an here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe cash on advertising, not only through the infamous Google machine, but I'm talking about USA Today, the business section of your local newspaper, bulk mailing lists who claim NOT to be SPAM (but are definitely not the preferred opt-in emails), and some even purchased radio spots. With a buy in at d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations. Combination pro the $3,895 level (at which 80% buy in), and the $195 per month suggested adpaks, you're up at around $6,400 investment in something that won't fly unless you also creatively market (with your time and $$$) your web site like you would have to do with any real business. I researched this system m ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc yself several months back. I read and re-read the web sites, observed how others were setting up their PAS pages and I decided to ask lots of questions because I did not want to part with my 4-grand without a really good sense that I could work the system so that the system would work for me. With easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi just a little bit of research, I uncovered all I needed to know. Here are just a few of the questions I was asking… What am I actually promoting? And what are these other products you say I can sell with my PAS system? The "Team Leader" who is supposed to close the deal for the PAS investor, tol nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically d me not to mess with the other products because the point is to sell the system. Why would you divert your viewer to side-products that sell for $49 and $199, when you really want them to buy into the system at the $1,895 or $3,895 level? He told me that I should just set up my PAS web site to se and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ ll the system and not get off-track with the side products because that is not really what PAS is all about. You will note that one of PNI's key defenses is that their automated system is made to sell other products. However, their own specially trained team leader told me otherwise. So, what am ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi selling? (translation: Huh???) "You are selling the automated system - the automated system is the product". So ultimately, my system sells you your system, sells him his system and your system sells their system and so on... Talk about a down-line! The S.E.C. charges that, eventually, the down- ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it. Following aspects would a line dissipates, making this a pyramid scheme, leaving many late-coming investors in the dust. Any wary person who has done their due diligence in researching knows that with any pyramid-like system, you get in early to reap the cash benefits before it falls. When it falls, it simply means the lo dd to the challenges in developing combination products: Which markets to tap where the combination products can do fairly well? Which combination prod opholes have been uncovered by the S.E.C. PAS is an MLM that claims not to be an MLM because they offer a list of products you can sell through your automated system... but we already know what the actual team leaders think of those products... they are simply a diversion to the real purpose of PA cts are meaningful and rational? Which therapeutic categories to select? Which Combinations can address unmet needs of the patients? Do combin S - which is the "system". And I don't have to do any selling to actual customers? "The team leaders do all the selling and all you have to do is collect your money." This is after you've researched, developed and paid the bucks for an advertising program that works for you. This takes time and tions increase the patient compliance? What would be the developing cost? How to tackle the risks encountered during combination product developmen effort. Plus, the person who gave me the most real information was the very persistent gentleman whose web site pulled me in. He was definitely working to close me as well. In fact, he told me that PNI's adpaks were a waste of money. Originally they were required, but when I questioned further he t? As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel said the adpacks were "suggested". He offered me the inside scoop on all of his marketing efforts once I signed on/wired my $3,895 to him. This gentleman was definitely working his prospects... not sipping his favorite cocktail while gazing at his favorite ocean-view. Do your homework! It is po ping new procedures for reviewing their safety, efficacy and quality. Professional from academic institutions, pharmaceutical industries, health care indust ssible to find a viable on-line business that doesn’t dupe the uneducated and gives you all you need to know to work a viable opportunity. After the dust has settled on this legal action against PNI, beware of the PAS Uber-Promoters, the Mega Wealth Corporation. They are presently “ramping up for y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products the new-improved version” claiming to be creating “massive resources of marketing wisdom”. Their new name will be Prosperity International and they will be creating the same type of powerful money making machine that was used to make PAS..." This, from a PAS investor’s web site that states that “t . As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de he PAS system is temporarily off-line to allow for some re-structuring…” Basically, they’ll create more loopholes, offer a “real product” and they’ll promise you vast riches if you buy their system… but buy in soon, before the S.E.C. closes them down. Beware!! Do your research. Too many have been elopment. They need to be wiser in analyzing the market trends and the regulatory requirements. Companies that provide selfless information through particip burned by the fall of the Prosperity Automated Network and systems like these. Just think of the guy who wired his 4-grand the day before the injunction that froze all activity. You can find an internet business that really works... and work it, so that it works for you! Sincerely, Heather Wol tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products
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