The problem is that there IS an actual product. There is no house of cards. It DOES have value. Is it exaggerated? I'm sure, but that doesn't make it a pyramid scheme. It may look like one, but it's not. A pyramid scheme has NO value other than what is acquired from investors. There is nothing. That's not the case with MLM's.

2 ...

Report Post

Posted by wildtigercat93

Member since Jul 2011

112489 posts

Posted on 11/8/16 at 7:40 pm to SabiDojo

You sound like the creator of a MLM tbh

"It has all the characteristics of a pyramid scheme and is just as harmful...BUT technically it's not not a pyramid scheme!"

ETA definition of a pyramid scheme: A pyramid scheme is a business model that recruits members via a promise of payments or services for enrolling others into the scheme, rather than supplying investments or sale of products or services.

The only difference is they use a product to sell the scheme and once the users find out they can't money that way they tell them that the way to make money is recruit others

This post was edited on 11/8/16 at 7:42 pm

1 ...

Report Post

Posted by Twenty 49

Shreveport

Member since Jun 2014

18903 posts

Posted on 11/9/16 at 8:22 am to SabiDojo

quote:
A pyramid scheme has NO value other than what is acquired from investors. There is nothing. That's not the case with MLM's.

The SEC has a slightly different view:

quote:
some MLM programs are actually pyramid schemes -- a type of fraud in which participants profit almost exclusively through recruiting other people to participate in the program.

SEC publication: Beware of Pyramid Schemes Posing as Multi-Level Marketing Programs

1 ...

Report Post

Movie/TV Board - Replies to Post

Return To Board

Page 1

Return To Board