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Started By
Message
re: John Oliver's takedown on MLM's
Posted on 11/9/16 at 8:22 am to SabiDojo
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:SEC publication: Beware of Pyramid Schemes Posing as Multi-Level Marketing Programs
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.
1
Posted on 11/9/16 at 8:25 am to Twenty 49
"Posing as" is the key phrase.
ETA: lol and read your own link. The very first thing to watch out for is "no genuine product or service."
ETA: lol and read your own link. The very first thing to watch out for is "no genuine product or service."
This post was edited on 11/9/16 at 8:27 am
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