Terry Waite Understands Anger Over Pyramid Scheme Settlement

A recent settlement reached between Nu Skin and disgruntled shareholders over pyramid scheme allegations has left many feeling frustrated with the government's handling of such cases.

In a statement released earlier this week, Terry Waite, former hostage in Beirut who spent nearly five years held captive, expressed solidarity with those affected by the decision. 'I understand the anger that Mr. 'Name', father of one of the men involved in this pyramid scheme, must feel upon learning about Nu Skin's choice to settle rather than fight these serious allegations,' Waite said.

Waite continued, saying he believes more needs to be done at both state and federal levels to protect vulnerable individuals from becoming embroiled in such schemes. 'It is simply unacceptable that companies like this are allowed to operate with relative impunity while innocent people suffer financial ruin.'

The settlement itself totals $47 million dollars, which will go towards compensating Nu/network marketing (MLM) shareholders who claim they lost money through their investments in the company's pyramid scheme model.

Critics argue that rather than addressing systemic issues within these businesses, settlements like this only serve to further embolden corporate interests at the expense of consumers. 'This decision sends a clear message: if you're wealthy enough and have connections, then no matter how many lives your business destroys, justice won't be served,' said one critic.

On the other hand, supporters argue that sometimes settling is simply the most pragmatic option for all parties involved. By avoiding costly legal battles that could potentially drag on for years or even decades, everyone involved can move forward with minimal damage.

In this case, Judge Parrish has also awarded shareholders $13.6 million dollars in legal fees as part of the settlement agreement. 'While we understand why some may feel disappointed by Nu Skin's decision to settle rather than fight these allegations head-on, we believe that this outcome represents a fair compromise for all parties concerned,' said an attorney representing several affected investors.

Regardless of one's perspective on the matter, there is no denying that cases like this highlight ongoing concerns about regulatory capture within certain industries. As Waite astutely pointed out in his statement earlier today: 'It's time for real change.

Terry on million dollar pyramid