This article has multiple issues. Please help improve it or discuss these issues on the talk page. (Learn how and when to remove these template messages) The topic of this article may not meet Wikipedia's notability guidelines for companies and organizations. Please help to demonstrate the notability of the topic by citing reliable secondary sources that are independent of the topic and provide significant coverage of it beyond a mere trivial mention. If notability cannot be shown, the article is likely to be merged, redirected, or deleted.Find sources: "International Heritage Inc." – news · newspapers · books · scholar · JSTOR (February 2017) (Learn how and when to remove this message) This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed.Find sources: "International Heritage Inc." – news · newspapers · books · scholar · JSTOR (November 2019) (Learn how and when to remove this message) (Learn how and when to remove this message)

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

  1. ^ "International Heritage Doj Update April 2004". Edumacation. Retrieved 2017-02-22.
  2. ^ "International Heritage Inc. – Prototype of Future MLM Prosecutions?". Retrieved 23 February 2017.


Categories