4 ms·
...and with only an $800 up front investment I'm sure. All Ponzi schemes are the same.
by nickmolnar 18y ago
...and with only an $800 up front investment I'm sure.
All Ponzi schemes are the same.
- DenisM 18y agoYou are not doing it justice. MLM is a much better, evolved variant of ponzi scheme compared to the garden variety.
- swombat 18y agoAlso MLM is, crucially, legal.
- callmeed 18y agoIIRC, MLMs are only illegal if they pay commissions based on recruitment of other members. If an MLM pays commissions on product sales (either directly or through your recruits), then it's perfectly legal.
- swombat 18y agoA tip to anyone thinking of starting an MLM scheme: if you ARE thinking of building an MLM scheme around your product, you NEED an MLM-specialised lawyer to validate that your scheme is legal in each of the jurisdictions you plan to operate in (most likely, US and UK).
- mattmaroon 18y agoAlso, some MLMs sell decent products (I like Pampered Chef) which makes it far from a scam.
- DenisM 18y agoMLM is not scamming the customers, it's scamming the "sales agents" by promising them riches most of them won't get due to ponzi nature of the scheme.
- mattmaroon 18y agoYeah but if you join today I'll let you in for $750.