Minnesota and South Dakota:
ST. PAUL, Minn. — The Better Business Bureau of Minnesota and North Dakota is warning consumers about a company moving into the area that's making big promises on the Web that might be too good to be true.
The bureau says its investigation of Austin, Texas-based iJango suggests the company may be offering an illegal pyramid scheme. It says it came to that conclusion after meeting with iJango's Chief Executive Officer Rayner Smith.
The bureau says an advertisement for iJango recently appeared in the Twin Cities area.
The bureau says iJango offers a "business opportunity" in which clients are paid for recruiting customers and other recruiters. The BBB has received complaints about iJango.
The company did not immediately respond to a request for a response to the bureau's allegations on Friday.
The Better Business Bureau in St. Louis is warning consumers and businesses to be wary of a Texas company holding a meeting tonight at Spazio’s Westport restaurant.
Central, Coastal and Southwest Texas:
The BBB serving Central, Coastal and Southwest Texas, which is based in Austin, distributed a warning about iJango, saying it may be an illegal pyramid scheme.
The Austin BBB said hundreds of consumers have inquired about the company in recent weeks. The BBB in Austin met with iJango Chief Executive Rayner Smith who said he and his staff offer a business opportunity but that potential clients are paid for the recruitment of registered customers and the recruitment of others to do the same.
MLM Blog was first:
For the record, we warned you about iJango on July 1st, 2009 saying the following:
So far, iJango is short on details and big on hype. With no product, it looks like a pyramid scheme, paying out for sign ups that people recruit.