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Shark Tank is one of the favourites for many of us who watch entrepreneurs pitch their business ideas to “sharks” – millionaires willing to invest. This season, one of the businesses to be pitched is a keto product. In this article, we cover the pitch from a recent Shark Tank episode, analyse the feedback from the sharks, and discuss how far the deal into the sea went.
The Pitch
The group pitching a keto product in one recent episode of Shark Tank on ABC began their pitch by explaining the scientific benefits of the ketogenic diet, which involves eating high-fat, low-carb so that the body breaks down its own fat cells into ketones, which are then used by the body organs and muscles for fuel. The entrepreneurs then introduced their keto product and stated that it would help customers reach and maintain a state of ketosis more effectively and easily. They explained the product’s features, and demonstrated how it could be used to follow a ketogenic diet on a daily basis.
The sharks react positively to the pitch and start by asking the entrepreneurs a barrage of questions in an attempt to get a better feel on the product, its ingredients, and potential target market. The questions include: What is it made of? How do you know it works? What is your price point? and others. The entrepreneurs are well-prepared and respond confidently to each question, saying that they are all-natural, marketing research shows their effectiveness, and the pricing is set accordingly at – you guessed it – $5,000. The sharks seem intrigued and ask several follow-up questions.
Feedback from the Sharks
In the aftermath of the pitch, the sharks then discuss the pros and cons of the keto product among each other, pointing out various challenges and identifying opportunities. Each shark draws on different sources of knowledge to inform her assessment and comes up with distinctive considerations regarding the viability of the business idea. Some sharks are concerned about the potential for saturation in the keto market and doubt the viability of scaling the product. Others are more optimistic and name some potential factors for business success, pointing to a growing popularity of the keto lifestyle and a strong opportunity for a shrewd marketer.
The feedback was mixed. Some of the sharks were interested in making a deal, others wanted to pass. The entrepreneurs paid close attention to the sharks’ feedback and addressed some of the questions being raised by the sharks. Then they responded to the sharks’ comments. They still seemed fairly confident about the value of their product and the growing keto market.
Outcome of the Deal
After a long discussion and negotiations, the entrepreneurs agreed to a deal with one of the sharks: they would receive an investment in their business in exchange for a percentage equity in the company. Pleased with their excellent deal, the entrepreneurs were able to partner up with an experienced investor who would be able to provide them with expertise and strategic resources to grow their keto product.
To sum up, the demonstration of keto product on Shank Tank was a phenomenal success. The entrepreneurs in the deal demonstrated sales with their keto product, demonstrating the potentials of the product and likewise, entrepreneurs’ ingenuity. The deal signed with the shark was a breakthrough for the duo, as it transported their business to another level, and opens the door of more possibility of doing better. Indeed, the deal with the shark propelled them to the next level and even further.
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'Shark Tank' Keto Gummies Weight Loss Reviews Are a Scam
The cast of "Shark Tank" never endorsed any CBD gummies or keto gummies, despite a lie that scammers have promoted for years.
Jordan Liles
Published Mar 14, 2023
TV personalities Robert Herjavec, Daymond John, Lori Greiner, Kevin O'Leary, Mark Cuban, and Barbara Corcoran attend the premiere of ABC's "Shark Tank" Season 9 at The Paley Center for Media on Sept. 20, 2017 in Beverly Hills, California. (Photo by David Livingston/Getty Images) (David Livingston/Getty Images)
Image Via David Livingston/Getty Images
Claim:
The cast of the "Shark Tank" TV show invested in keto gummies for weight loss.
Rating:
Scam
Scam
About this rating
Context
"Shark Tank" has never endorsed or invested in any CBD or keto gummies products. If readers were scammed by this, we recommend reading this article in its entirety. We also advise readers to bookmark this article or to email it to themselves, as we plan on updating it in the future.
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One online scam that never seems to come to an end is the lie that the cast of the TV show "Shark Tank" endorsed, invested in, or provided reviews for either CBD gummies or keto gummies for weight loss.
For years, scammers have used the "Shark Tank" name to push the false idea that the cast of the show invested in CBD gummies and keto gummies, even though no such episode of the show ever aired. No one on the "Shark Tank" show has anything to do with CBD gummies or keto gummies.
In this story, we'll spell out everything we know about these scams. We'll also provide ways to fight back.
How the 'Shark Tank' Keto Gummies Scams Work
Some readers may have seen scam ads about "Shark Tank" and keto gummies online, perhaps in Google search results or on Facebook or Instagram. Such ads also appeared in email messages, like the one shown below.
Shark Tank keto gummies reviews are a scam.This ad for Royal Keto Gummies featured a fairly professional-looking design that may have fooled multitudes of users into believing it had legitimacy.
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These ads led to scammy articles branded with the logos of major publishers. However, those articles were written by scammers and hosted on scam websites.
Here's how the seemingly legitimate-looking articles were created. Scammers copied the designs of various news websites in order to fool potential victims into thinking they were reading from the publisher's official page. In the past, scammers copied and used article layouts from ABC News, Fox News, Us Weekly, "Today," People magazine, Time magazine, and others.
Shark Tank keto gummies reviews are a scam.USA Today never printed this article. Also, "Emily Senstrom," the person named at the bottom of the image as being "a top medical student at Harvard University," does not exist.
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The articles usually claim that various celebrities including Oprah Winfrey, Ree Drummond, Kelly Clarkson, Tom Selleck, Kaley Cuoco, Melissa McCarthy, Wayne Gretzky, the cast of "Shark Tank," or others all endorsed either CBD gummies or keto gummies, even though they had no involvement with the products whatsoever. In reality, the image and likeness of each celebrity was being used without permission.
Fake 'Reviews'
Aside from the scammy ads, we often see numerous fake CBD and keto gummies reviews that use the "Shark Tank" name. These articles aren't really reviews, however. They're paid-for product pitches that appear as sponsored content.
Shark Tank keto gummies reviews are a scam.We don't recommend placing even one bit of trust in scammy sponsored content articles.
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Outlook India, Tribune India, Mid-Day.com, and others all appeared to be accepting money in exchange for sponsored content articles that named "Shark Tank" alongside many different CBD and keto gummies product names.
'Fulfillment Center' in Smyrna, Tennessee
In recent months, our reporters received word from some users who said they received bags (not boxes) of CBD or keto gummies products at their doorstep, despite having no recollection of ordering the products. Some also said there was no charge on their credit card. It's unclear why people who hadn't ordered or been charged for the products were receiving them in the mail.
Many of these users said that the return address on the package was for a nameless "fulfillment center" with a P.O. box in Smyrna, Tennessee, Tampa, Florida, or Las Vegas, Nevada.
Typing "fulfillment center" into Google (without quotes) displayed the first search suggestion as "fulfillment center smyrna tn," which perhaps showed just how many people were looking for help after being scammed. Unfortunately, more details about these "fulfillment center" addresses were not yet available at the time this article was published. It's unclear if anyone associated with these mailboxes or locations had any knowledge of or involvement with the scams.
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Missing Phone Numbers and Surprise Charges
In the past, our reporters noticed that brand new CBD gummies and keto gummies product names popped up regularly, with no sign of a parent company or any other branding, as if such details had been omitted on purpose. It's possible that many of these products were the same and had simply been rebranded after previous product names received negative feedback.
We also noticed that phone numbers on some product order pages for CBD and keto gummies are often missing or disconnected. Placing a call to any working number goes to a generic, nameless customer service phone line. When calling these lines, the person on the other end of the call declined to say the name of the company they worked for, nor would they give any information regarding the name of the apparent call center.
One additional aspect of the "Shark Tank" CBD gummies and keto gummies scams, plus the scams that used the image and likeness of other celebrities, was that many users told us they believed they would be charged around $40 for their order, but were ultimately charged close to $200. From what we could tell, this information may have appeared in the fine print of the terms and conditions, but was not mentioned at all on product checkout pages.
After having difficulties getting in touch with the phone line for the product they ordered, users consistently told us that they were offered a refund of 50%, something that apparently was a part of the call center's script.
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Mark Cuban Tweeted About the Scams
In 2022, "Shark Tank" cast member Mark Cuban tweeted about the seemingly never-ending keto gummies scams, where he railed against tech platforms that continue to accept money from scammers to allow ads to run that promote the scams.
"Does anyone really think keto pills work?," Cuban asked. "Why would anyone take an ad for them with or without the fake endorsement? Where is the content filtering that we hear so much? If a platform can't detect fake keto or CBD gummy ads, can they really detect anything? Or do they not care that mostly seniors are getting ripped off!"
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The official "Shark Tank" website on ABC.com also once published a page about scammers that use the show's name without authorization.
"The internet has become overrun with advertisements featuring products allegedly endorsed by 'Shark Tank' or the Sharks," the page read. "Many merchants are using the names and images of the show and the Sharks in an attempt to sell their products. Unfortunately, with every new episode comes the opportunity for imposters to use false information to exploit the unwary. While many products claim to have been on 'Shark Tank,' that is not always the case."
Clint Eastwood's Lawsuit Wins
On the subject of gummy scams, this story would not be complete without the inclusion of two past court cases.
In 2021, famed film actor and director Clint Eastwood won $6.1 million in a lawsuit after alleging that a Lithuanian company had used his image and likeness without permission to promote CBD products.
In the following year, Eastwood won another lawsuit, also pertaining to a CBD promotion. That time, he won $2 million. Cannabis Law Report said that the lawsuit had been filed against "Los Angeles-based Norok Innovation Inc. and its CEO Eric Popowicz."
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How to Fight the Scams
If you believe you've been a victim of fraud, the U.S. Federal Trade Commission (FTC) allows users to file a report.
Also, if any readers find one of the scammy articles that claims "Shark Tank" or other big-name celebrities endorsed keto gummies, or find a product order page that is believed to be involved in the scam, the domain URL can be reported to its registrar. Simply visit godaddy.com/whois and type in the website address. This form will display domain registration information for the website. Look for the "Registrar Abuse Contact Email" and "Registrar Abuse Contact Phone" in order to report the website to the company that allowed it to be registered.
Future Updates
In recent years, we've often reported about these scams involving the "Shark Tank" name. We will continue to bring our readers further reporting about this subject in the future.
If any readers were scammed, we recommend bookmarking this page or emailing it to yourself so that you can revisit it in the future to view further updates, as we do plan on adding additional information as it becomes available.
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The Best Ozempic Diet Plan What To Eat For Max Weight Loss
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Shameless Snacks Healthy Low Calorie Snacks Low Carb Keto Gummies Review
The ketogenic diet is becoming increasingly popular in recent times. It can help one lose weight as well as boost mental performance and energy levels. However, it’s hard to stay on a strict keto diet, especially when it comes to finding easily accessible tasty snacks meeting the requirements of the diet. This is where you will need GoKeto Gummies – they taste great and can be taken anywhere!
Top Picks For Keto Support
GoKeto Gummies are specifically designed for people who follow the keto diet and want to remain in ketosis. They are made with quality ingredients low in carbohydrates and sugars which make them perfect snacks for those living a ketogenic lifestyle. Whether you need an energy boost or some guilt-free indulgence, GoKeto Gummies have got your back.
There are several top choices when it comes to getting the right GoKeto Gummies from Amazon. These top selections have received high ratings by consumers because they tend to be delicious, consist of high-quality ingredients, and help maintain a person’s state of ketosis within their bodies. If you’re unsure what GoKeto Gummies should be found in your keto pantry then you must try these amazing options.
Blue Raspberry GoKeto Gummies
For instance, Blue Raspberry flavor is a popular choice among those who prefer GoKeto Gummies available on Amazon. The gummy bears have likeable tangy taste that makes them ideal for anyone adhering to the ketogenic eating habit. These sweet treats contain no sugar but use natural blue raspberry flavor enhancing agents hence making them safe snacks that completely satisfy your hunger without having any adverse effects on your blood sugar.
Watermelon GoKeto Gummies
Another top pick for GoKeto Gummies is Watermelon flavoring. Anytime one wants something refreshing and filling these gummy bears can do just fine as they come with that watermelon juicy taste infused into them. Should eat too much candy during dessert time? Having no carbs and sugars, these gummy bears are the ultimate solution.
Mixed Berry GoKeto Gummies
Then, you can choose the Mixed Berry GoKeto Gummies if you would like different flavors in a single pack. These candies blend strawberry, blackberry, or raspberry to create a delicious snack. They don’t contain artificial colors or sweeteners; thus can be consumed as the guilt-free treats whenever.
Peach Mango GoKeto Gummies
The Peach Mango GoKeto Gummies is the best option for anyone looking to have a taste of tropics in their keto snacks. With this flavor, you will feel like sipping on peach mango juice at some tropical beach paradise. A serving has only 2g net carbs and can be used as an occasional treat while sticking to your ketogenic diet.
Strawberry Lemonade GoKeto Gummies
Finally, Strawberry Lemonade flavor completes our top picks for GoKeto Gummies. They have real lemon juice which is sour and strawberries that are ripe as well so that it gives more refreshing feeling of consuming them when they are cold. There aren’t any artificial flavors or preservatives, thus making them a clean keto choice.
Summary And FAQ
To sum up, GoKeto Gummies are a handy and yummy way to support your keto lifestyle and at the same time satisfy your sweet tooth. With multiple choices of flavors, these gummies can be just right for anyone on the ketogenic diet as a snack. No matter whether you prefer fruity tastes such as Blue Raspberry or Watermelon or other less ordinary ones like Peach Mango or Mixed Berry, there is always a GoKeto Gummy that would fit into your desires.
For more information about GoKeto Gummies and how they can assist your keto expedition, please refer to our FAQs section below which answers some commonly asked questions. With GoKeto Gummies, you will keep yourself motivated towards achieving your keto goals as well as have an appetizing and filling snack wherever you may be.
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Max Science Keto Gummies A Scientific Review Of Their Keto Support Formula
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