Pyramid Schemes Masquerade as Direct Sellers

Posted Posted in Business, News

Learn how to pick a Pyramid Scam or Ponzi Scheme from a real Direct Marketing or MLM business. Source: Moneyweb Source: GST Consumer commission (South Africa) investigates nine suspected pyramid schemes. There is a thin line, nowadays, between network marketing companies, or multi-level marketing companies, and pyramid schemes. Particularly where the former has a business model that […]

Cryptocurrency and MLM

Posted Posted in CryptoCurrency, Opinion

Here’s some great viewpoints on the combination of Cryptocurrency and MLM from an MLM lawyer. Source: Bitcoin, Cryptocurrencies and MLM by Kevin Thompson of Thompson Burton lawyers. Don’t get caught out! Just because your friend says it’s good to get in early it does not make it good. Greed takes over many people and often […]

Is Higher Education A Giant Pyramid Scheme?

Posted Posted in MLM, Opinion

Here’s the article that got BK Boreyko from Vemma into so much trouble. Published by Forbes magazine you would think it was OK to spread far and wide. BUT… Taken out of context and applied to a business? Telling university (college) students that uni is a scam is asking for trouble from authorities. Read it […]

How to Identify Pyramid Scheme Fraud

Posted Posted in MLM, Opinion

Source: Action Fraud – UK Police Pyramid scheme fraud involves an unsustainable business which rewards people for enrolling others into a business that offers a non-existent or worthless product. A fraudster advertises a multi-level investment scheme that offers extraordinary profits for little or no risk. You’re required to pay a fee to enter the investment […]