A MLM scam is an income opportunity, in which persons are recruited into a pyramid of participants making ongoing personal purchases or retail sales of products and services. These persons recruit others to do the same in an endless chain of recruitment and personal consumption or retail sales. This is done in order to qualify for commissions and bonuses and to advance upward in the hierarchy of levels in the pyramid. Personal purchases or retail sales become the means of disguising or laundering investments in the MLM scam.
Once again, thank you for uploading these videos here. It's always good to hear your points of view in this regard.
Thank you. I really appreciate that.
What is an MLM scam?
A MLM scam is an income opportunity, in which persons are recruited into a pyramid of participants making ongoing personal purchases or retail sales of products and services. These persons recruit others to do the same in an endless chain of recruitment and personal consumption or retail sales. This is done in order to qualify for commissions and bonuses and to advance upward in the hierarchy of levels in the pyramid. Personal purchases or retail sales become the means of disguising or laundering investments in the MLM scam.
I see. I worked for a security company in college that operated that way.
It is amazing at how many companies take advantage of people with endless recruiting.