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

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
  • Why Bitcoin isn't a Ponzi scheme


For more information on this episode click here.

Sponsors

Policygenius

Money For the Rest of Us Plus


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


Related Episodes

248: How to Avoid Investment Fraud

253: Are IPOs the New Ponzi Scheme?

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Episoder(572)

Currency Trading, Petrodollars and Monetary Collapse

Currency Trading, Petrodollars and Monetary Collapse

#12 What you need to know if you want to trade currencies. Also, will the dollar collapse? Show notes at https://moneyfortherestofus.com/mny012-currency/See Privacy Policy at https://art19.com/privacy...

9 Jul 201426min

Bank Runs, Repos, and Your Retirement

Bank Runs, Repos, and Your Retirement

#11 How bank runs were a leading cause of the global financial crisis and why it could happen again. Show notes at https://moneyfortherestofus.com/mny011-repo/See Privacy Policy at https://art19.com/p...

2 Jul 201426min

You'll Never Be Rich, But You Can Live Like You Are

You'll Never Be Rich, But You Can Live Like You Are

#10 How to live like your rich without the money. Show notes at https://moneyfortherestofus.com/mny010-rich/See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art...

26 Jun 201426min

What Investment Rate of Return Can You Expect?

What Investment Rate of Return Can You Expect?

#9 Expected portfolio returns are currently very low. Why that is and what should you do about it. Plus learn how to calculate the expected return for your portfolio. https://moneyfortherestofus.com/m...

19 Jun 201426min

What If Everyone Worked Only Four Hours Per Day?

What If Everyone Worked Only Four Hours Per Day?

#8 We can have sustainable economic growth and a thriving stock market while working less and enjoying life more. Show notes at https://moneyfortherestofus.com/mny008-four-hours/See Privacy Policy at ...

12 Jun 201424min

Predicting the Economy and the Stock Market. Can It Be Done?

Predicting the Economy and the Stock Market. Can It Be Done?

#7 Is it possible to successfully predict the future? Every investor has three choices. They can ignore the future, predict the future, or react as the future unfolds into the present. In this podcast...

6 Jun 201425min

Why You Should Care About the Economy

Why You Should Care About the Economy

#6 Most people don't understand what the economy is, how it grows and what causes recessions. Nor do they care. This episode describes in simple terms how the economy works and why you should care so ...

30 Mai 201424min

The True Cost of a Thing

The True Cost of a Thing

#5 The price of something does not always reflect its true cost, both to ourselves and to society. Through the eyes of Henry David Thoreau and a discussion of why I no longer shop at dollar stores, yo...

20 Mai 201424min

Populært innen Business og økonomi

stopp-verden
lydartikler-fra-aftenposten
dine-penger-pengeradet
rss-penger-polser-og-politikk
e24-podden
rss-borsmorgen-okonominyhetene
pengepodden-2
livet-pa-veien-med-jan-erik-larssen
pengesnakk
finansredaksjonen
tid-er-penger-en-podcast-med-peter-warren
stormkast-med-valebrokk-stordalen
morgenkaffen-med-finansavisen
utbytte
lederpodden
rss-sunn-okonomi
liberal-halvtime
rss-markedspuls-2
rss-pa-konto
hr-podden-2