• Pyramid Schemes: How to Lose Friends and Alienate Money

  • Jul 17 2024
  • Duración: 55 m
  • Podcast

Pyramid Schemes: How to Lose Friends and Alienate Money Por arte de portada

Pyramid Schemes: How to Lose Friends and Alienate Money

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  • You’ve probably heard of pyramid schemes, but are you confident that you know what it is? And if you are, do you know the difference between them and multi-level marketing companies? Or Ponzi schemes? In this episode, Caleb and Greg discuss all that and more about one of the simplest and most common frauds around.SponsorsMakersHub- https://ohmyfraud.promo/makershubRightRev - https://ohmyfraud.promo/rightrevBean - https://ohmyfraud.promo/bean(00:00) - Introduction to Pyramid Schemes (01:01) - Welcome to Oh My Fraud (02:00) - Caleb's Personal Experiences with MLMs (07:32) - Understanding Pyramid Schemes (09:45) - Ponzi Schemes Explained (17:12) - Multi-Level Marketing Companies (22:10) - NuSkin: A Case Study (30:11) - Introduction to Blessings in No Time (34:24) - Personal Experience with a Pyramid Scheme (51:40) - Conclusion and TakeawaysHOW TO EARN FREE CPEIn less than 10 minutes, you can earn 1 hour of NASBA-approved accounting CPE after listening to this episode. Download our mobile app, sign up, and look for the Oh My Fraud channel. Register for the course, complete a short quiz, and get your CPE certificate.Download the app:Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.appQuestions? Need help? Email support@earmarkcpe.com.CONNECT WITH THE HOSTSGreg Kyte, CPATwitter: https://twitter.com/gregkyteLinkedIn: https://www.linkedin.com/in/gregkyte/Caleb NewquistTwitter: https://twitter.com/cnewquistLinkedIn: https://www.linkedin.com/in/calebnewquist/Email us at ohmyfraud@earmarkcpe.comSources: The history of pyramid schemes and their evolution over time — MediumPyramid scheme — WikipediaMLMs vs. Pyramid Schemes: One Is Legal, But the Other Could Land You in Prison — Coolidge Law FirmThe Case (for and) against Multi-level Marketing — FTCGet-Rich-Quick Profiteers Love Mitt Romney, and He Loves Them Back — Mother JonesCouple Charged for Operating Multimillion-Dollar Pyramid Scheme — DOJBernie Madoff and how to identify a Ponzi scheme. — Metis IrelandTupperware once changed women's lives. Now it struggles to survive — NPRWhat Is Multi-Level Marketing? — ForbesDon’t Fall Victim to the False Promises of MLMs. - The Daily Utah ChronicleProsper DJ, wife ordered to pay $10.7 million for pyramid scheme targeting black investors — Dallas Morning News
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