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