Needed: A More Proactive Approach to Enforcement of Laws Against Pyramid Schemes as Applied to MLM’s
One of the insidious features of many MLM’s is that promoters often aggressively harvest the rewards from building their pyramids and disappear before enforcement agencies can catch up with them.
law,pyramid,schemes,mlm
Naked Pyramid Scheme vs. Product-Based Pyramid Scheme
To distinguish between typical pyramid schemes and those masking as MLM’s, I will introduce two terms that should help clear up the confusion between the two, along with some features which they have in common.
pyramid,scheme,mlm,product
I decided to investigate MLM for myself
As a long-time critic of MLM programs, I was curious to know why so many otherwise intelligent and capable persons were involved.
pyramid,scheme,industry,mlm,recruit
Destructive Effects on the Lives of MLM Paticipants
The effects on the lives of participants is well described by Robert Fitzpatrick in excerpts from the web site of Pyramid Scheme Alert:
mlm,pyramid,schemes,network marketing,multi-level
The History of Pyramid Schemes and Multi-Level (or Network) Marketing (MLM)
The history of pyramid schemes in this country is fascinating, but I will include merely a brief sketch here.
pyramid,scheme,multi-level,network marketing,MLM,Ponzi,money
A Good Investment? Or a Pyramid Scheme?
Pyramid schemes deceive and cheat consumers. Con artists often disguise the scams as “network marketing” opportunities, making it difficult to tell whether the offer is legitimate or a sham.
pyramid,scheme,investment,network marketing,money
What is a Ponzi Scheme?
A Ponzi scheme is an illegal pyramid scheme named for Carlo “Charles” Ponzi, who conned thousands of Americans into investing in a postage stamp coupon exchange program in the 1920s.
Ponzi,scheme,investment,investor,pyramid,fraud
Pyramid schemes are increasingly treated as legitimate enterprises
Investigative journalists frequently ask why the participants cannot see the inherent fraud, the mathematical implausibility and preposterous promises.
pyramid,schemes,legitimate,enterprises
What is the actual harm of a pyramid scheme?
But what is the actual harm of a pyramid scheme? What are its ethical abuses and compromising allurements?
pyramid,scheme,jobs,careers,ethic
Four defining characteristics for identifying the elusive MLM pyramid
Dr. Jon M. Taylor of Salt Lake City has spent the last five years studying MLM pyramid schemes and has written a book on the subject.
MLM,pyramid
