Holiday Magic is used as an example in graduate level criminal justice coursework to analyze the nature of corporate scams. According to the "Duke Law Journal": "Illegality permeated every facet of the promotion of the Holiday Magic marketing program." One of the "Holiday Magic Inc." cases was also cited by "The University of Chicago Law Review" and the "Columbia Law Review". The Office of the State Attorney General in Maine, United States cites "In re Holiday Magic, Inc., 84 F.T.C. 748" as an example of pyramid schemes. Faltinsky described Holiday Magic as "..the largest pyramid scam of all time.."