International Heritage Inc.
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International Heritage Inc. (IHI) was an American pyramid scheme and MLM company.
The company was founded in 1995 by Stanley H. Van Etten, Larry G. Smith and Claude William Savage, and started with marketing and sales of luxury items such as jewelry and golf equipment. In reality, the products were almost exclusively traded by the company's own distributors, and all income derived from a steady stream of new distributors. In November 1998, the company turned bankrupt.[1]
Following the bankruptcy, executives in the company were sentenced to imprisonment for a range of offenses associated with IHI. With more than 140,000 sales representatives, IHI has been described as one of the "hottest MLMs in the mid-90s".[2]
References
[edit]- ^ "International Heritage Doj Update April 2004". Edumacation. Archived from the original on 2010-10-27. Retrieved 2017-02-22.
- ^ "International Heritage Inc. – Prototype of Future MLM Prosecutions?". Retrieved 23 February 2017.
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