Pyramid Scams and Ponzi schemes explained by Peter Mingils for MLM

Pyramid Scams and Ponzi schemes explained by Peter Mingils for MLM on Building Fortunes RadioHeard about that new "business opportunity" promising quick cash? Be cautious! Many MLMs (Multi-Level Marketings) rely on recruitment, not product sales, for profits. This structure resembles pyramid schemes, where the real money flows to those at the top. Unlike Ponzi schemes (which use new recruits' money to pay out earlier investors), MLMs often have a product, but the focus on recruitment can make it difficult to turn a profit selling it. Do your research.

eter Mingils hosts the Building Fortunes Radio show.
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