Cortislim is still selling like hotcakes despite the fact that the Federal Trade Commission AND the Food and Drug Administration have forbidden Cortislim’s makers from making any claims that the product works. How can this be?!?
Over the past two years – almost immediately after the info-mercials hit the airwaves – Cortislim has been under scrutiny, first by concerned citizens like Doctor Gary Adams and myself, and then by the Feds.
And you can click here to read my seminal piece on Cortislim that was posted on this site back in March.
Anyway, a recent front page article in the Los Angeles Times has shed some more light on the seedy characters and the sordid details that are responsible for the Cortislim debacle.
But before I get into some of the “personnel” issues here, I want to repeat this amazing fact: since the FDA and the FTC have said that the makers of Cortislim have to stop making claims that their product works, the product has continued to sell at a record pace.
For the year of 2004 Cortislim generated $200 million in sales, and according to an info-mercial expert, this could translate into anywhere from $20-$60 million dollars in profit.
This situation illustrates just how gullible the American public has become. People are still spending $50 a bottle on a weight-loss supplement that doesn’t stand on one legitimate claim of efficacy.
And deceptive advertising can no longer be blamed for these sales, as the Feds have told these hucksters to change their advertising and that they can no longer make any claims as to any weight loss benefits!
To paraphrase P.T. Barnum, “At least $200 million worth of suckers are born every year.”
Maybe people need to hear a little more about the people who are behind this swindle so as to not continue to enrich them.
Greg Cynaumon, who is the face of Cortislim, has reaped big bucks from running this alleged scam. According to the LA Times story, in addition to his royalty cut, Cynaumon also got a commission on the advertising time that he purchased for Cortislim, which could have netted him upwards of an additional $160,000 per month for the year of 2004.
By the way, Cynaumon – to say the least – has a checkered past and, among other personal red flags, has been fined for improperly calling himself “doctor,” which he clearly is not. Visit real Doctor Gary Adams’ web site to learn more about this guy.
The money behind this scheme came from Stephen and Thomas Cheng, who in the mid-1990s were considered by the Feds to be the largest bootleggers of music CDs in the United States. Oh, and they were busted for it.
The developer of Cortislim, Dr. Shawn Talbott, who by all accounts is a legit scientist, sold the rights to his formula for a royalty based on net sales. However, Dr. Talbott was asked to resign from his legit employer, the University of Utah, when the Feds filed their lawsuit…and because the University said Talbott never actually ran any clinical trials to determine if his concoction actually worked…Oops.
Friends don’t let friends buy Cortislim.