Yes I've heard of that company.
I have one acquaintance.... like a friend of a friend from my hometown, who always gets sucked into these things. She was in and out of that one pretty fast, probably the shortest she's been in one. She has a regular job but constantly gets into these multi-level marketing things. She has never made a dime but still thinks it will work some day.
The MLM proponent will blame her lack of success on her, but she's quite a dynamic, energetic individual who, if anyone would succeed in a network marketing endeavour, it would be her... lots of friends, talkative, fun, etc..
I've seen probably 20 or so people get into MLMs over the years (not counting Tupperware, Candle Parties, Sex Toy Parties, etc... the 'one shot' MLMs) and not one time have I seen anyone turn it into something of substance.
Their presentations are pretty powerful (not just FHTM...like timeshares, its a hard-sell that tugs at your desires... but I have seen some of the FHTM slides)... you might want to let your wife try this one on the promise that you cap her expenditures, and if it doesn't work, she won't do it again ...
If you stop her at the outset without letting her learn her own lesson, you might regret it!
Edit: And does she really want to pitch all of your friends continually to buy stuff from her... I remember being pitched by a friend in the Amway MLM in the 90's and I (and all of his other friends) became quickly annoyed at the constant pressure to buy soap, or whatever.
Edit: seach google... wow. Its not the bad stories that bother me, but how many apologists appear to spending way too much time defending them. Its just not 'real' in the way they do it. Here's a link to a bad story:
http://ezinearticles.com/?Warnings-A...ing&id=2314695