BROADCASTS.com

b'Forensic Accountant Tracy Coenen joins me for a conversation about the predatory nature of MLMs. In addition to investigating fraud for over 25 years, Tracy founded Pink Truth, a website that uncovers the problematic and damaging truth of multi-level marketing (MLM).\\nBy and large, MLM schemes overwhelm and prey upon women, falsely promising entrepreneurship and financial freedom while making them more financially dependent on an abusive structure. In this episode, Tracy and I explore how MLMs masquerade as empowering ventures but function as wolves in sheep\\u2019s clothing.\\nFeatured topics:\\n\\nTracy Coenen sheds light on the predatory tactics of multi-level marketing. (6:10)\\n\\nFalse promises about entrepreneurship: We discuss the facade MLMs portray that \\u201cyou are starting a business of your own\\u2026\\u201d (14:49)\\n\\nInstead of empowering women, MLMs make them more financially dependent on an exploitative structure. (21:31)\\n\\nTracy answers, \\u201cWhy are women so drawn to MLMs? Why are women a good target for this?\\u201d (42:12)\\n\\n\\nLearn more about Tracy Coenen:\\nTracy has been investigating fraud for more than 25 years, but she didn\\u2019t always want to be a forensic accountant. With a dream of one day being a prison warden, Tracy went to Marquette University in Milwaukee, WI to get a criminology degree. A class on financial crime investigations reminded her how much she loved Encyclopedia Brown books as a kid. She continued her criminology degree, but added accounting and economics courses so she could become a CPA\\u2026 and here Tracy is, finding money in cases of corporate fraud, high net worth divorce, and other financial shenanigans.\\nResources & Links:\\nKate\\u2019s book \\u201cThe D Word\\nPhoenix Rising: A Divorce Empowerment Collective\\nPink Truth\\nThe Dream\\nTODAY\\u2019S EPISODE IS SPONSORED BY:\\nPRIMIS BANK\\nGet started navigating your new financial picture with Primis Bank.\\xa0For terms and conditions, visit\\xa0primisbank.com/dsg.\\n\\nDISCLAIMER:\\xa0THE COMMENTARY AND OPINIONS AVAILABLE ON THIS PODCAST ARE FOR INFORMATIONAL AND ENTERTAINMENT PURPOSES ONLY AND NOT FOR THE PURPOSE OF PROVIDING LEGAL OR PSYCHOLOGICAL ADVICE.\\xa0YOU SHOULD CONTACT AN ATTORNEY, COACH, OR THERAPIST IN YOUR STATE TO OBTAIN ADVICE WITH RESPECT TO ANY PARTICULAR ISSUE OR PROBLEM.\\nLearn more about your ad choices. Visit megaphone.fm/adchoices'