#262326 by HannahsDad
Sat Aug 01, 2015 4:17 pm
See https://www.ftc.gov/public-statements/1 ... id-schemes
As I understand it both Pyramid and the related Ponzi schemes are illegal in the US.
Multi-Level-Marketing (MLM) is legal - assuming a real product is being marketed. When you take away the product from MLM you are left with a network where money migrates up the pyramid so that the people at the top get rich.
The logic - you can't escape the maths - is that:
Which may be better than most lotteries, but then you probably will not have invested as much!
As I understand it both Pyramid and the related Ponzi schemes are illegal in the US.
Multi-Level-Marketing (MLM) is legal - assuming a real product is being marketed. When you take away the product from MLM you are left with a network where money migrates up the pyramid so that the people at the top get rich.
The logic - you can't escape the maths - is that:
89 percent of all the pyramid's participants (108 of 121 investors) are doomed to lose money.
Which may be better than most lotteries, but then you probably will not have invested as much!
Money Mule explained: https://en.wikipedia.org/wiki/Money_mule
Reshipping explained: http://about.usps.com/publications/pub3 ... ch_022.htm
Boiler room scams explained: https://economicfrauds.net/boiler-room
Reshipping explained: http://about.usps.com/publications/pub3 ... ch_022.htm
Boiler room scams explained: https://economicfrauds.net/boiler-room
