Forsage and Herbalife—How Multi-Level Marketing, Pyramid Schemes, and Ponzi Schemes Differ

Money For the Rest of Us

Money For the Rest of Us and J. David Stein에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Money For the Rest of Us and J. David Stein 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.

1+ y ago 23:34

MP3•에피소드 홈

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.

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Show Notes

Herbalife Settlement With F.T.C. Ends Billionaires’ Battle by Matthew Goldstein and Alexandra Stevenson—The New York Times

Multi-Level Marketing Businesses and Pyramid Schemes—Federal Trade Commission

Herbalife International Settlement Complaint

Herbalife Settles With S.E.C., but Too Late for Hedge Fund Investor by Matthew Goldstein—The New York Times

Consistency is Key! Make Money Podcasting by Elsie Escobar—Libsyn

November Stats From Rob Walch—Podcast Business Journal

Federal Trade Commission Returns More Than $149 Million To Consumers Harmed by AdvoCare Pyramid Scheme—Federal Trade Commission

Federal Trade Commission Returns More Than $23 Million To Consumers Deceived by Online Business Coaching Scheme MOBE—Federal Trade Commission

FTC Shuts Down Credit Repair Pyramid Scheme Financial Education Services, Which Bilked More Than $213 Million from Consumers—Federal Trade Commission

Investor Alert: Ponzi Schemes Using Virtual Currencies—U.S. Securities and Exchange Commission

What is Forsage?—Forsage Support

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253: Are IPOs the New Ponzi Scheme?

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