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Forsage and Herbalife—How Multi-Level Marketing, Pyramid Schemes, and Ponzi Schemes Differ
Manage episode 336615165 series 3234219
Why it is challenging to distinguish a legitimate multi-level marketing company from a pyramid scheme as hedge fund billionaire Bill Ackman found out in his losing campaign against Herbalife. How Forsage has taken pyramid and Ponzi schemes to a whole new level, and why the regulators can't shut it down.
Topics covered include:
- What are multi-level marketing companies and how most MLM distributors are unsuccessful
- What is the difference between a pyramid scheme and a Ponzi scheme and what are some examples
- How hedge fund Pershing Square Capital Management took on Herbalife and despite FTC and SEC actions, Herbalife continues to thrive.
- Why Forsage, a pyramid and Ponzi scheme on the blockchain, continues, despite SEC regulatory actions
- Why Bitcoin isn't a Ponzi scheme
For more information on this episode click here.
Sponsors
Show Notes
Multi-Level Marketing Businesses and Pyramid Schemes—Federal Trade Commission
Herbalife International Settlement Complaint
Consistency is Key! Make Money Podcasting by Elsie Escobar—Libsyn
November Stats From Rob Walch—Podcast Business Journal
Investor Alert: Ponzi Schemes Using Virtual Currencies—U.S. Securities and Exchange Commission
What is Forsage?—Forsage Support
Related Episodes
248: How to Avoid Investment Fraud
253: Are IPOs the New Ponzi Scheme?
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
486 episoder
Manage episode 336615165 series 3234219
Why it is challenging to distinguish a legitimate multi-level marketing company from a pyramid scheme as hedge fund billionaire Bill Ackman found out in his losing campaign against Herbalife. How Forsage has taken pyramid and Ponzi schemes to a whole new level, and why the regulators can't shut it down.
Topics covered include:
- What are multi-level marketing companies and how most MLM distributors are unsuccessful
- What is the difference between a pyramid scheme and a Ponzi scheme and what are some examples
- How hedge fund Pershing Square Capital Management took on Herbalife and despite FTC and SEC actions, Herbalife continues to thrive.
- Why Forsage, a pyramid and Ponzi scheme on the blockchain, continues, despite SEC regulatory actions
- Why Bitcoin isn't a Ponzi scheme
For more information on this episode click here.
Sponsors
Show Notes
Multi-Level Marketing Businesses and Pyramid Schemes—Federal Trade Commission
Herbalife International Settlement Complaint
Consistency is Key! Make Money Podcasting by Elsie Escobar—Libsyn
November Stats From Rob Walch—Podcast Business Journal
Investor Alert: Ponzi Schemes Using Virtual Currencies—U.S. Securities and Exchange Commission
What is Forsage?—Forsage Support
Related Episodes
248: How to Avoid Investment Fraud
253: Are IPOs the New Ponzi Scheme?
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
486 episoder
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