Sat, 12 September 2015
Money Matters Episode 116 - Multi Level Marketing and Ponzi Schemes What You Need To Know W/ Anthony Miles
Multilevel marketers take pains to distinguish their businesses (which are legal) from pyramid schemes (which are not). In a pyramid, recruitment is everything. People pay to participate, and are rewarded by finding others willing to pay to join. At some point the supply of new recruits dries up and the pyramid collapses.
Today we were joined by CEO and Founder of Miles Development Industries Corporation, Anthony Miles. We discussed Multi-Level Marketing AKA Network Marketing and Ponzi Schemes, and what consumers need to know to protect themselves. Run Away!!!!!!...
Anthony's Bio :
To learn more about Anthony visit:
Personal Finance Cheat Sheet Article:
Financial Advisor Magazine Articles:
You can listen live by going to www.kpft.org and clicking on the HD3 tab. You can also listen to this episode and others by podcast at:
Direct download: Money_Matters_Episode_116_mp3.mp3
Category:Financial Literacy -- posted at: 8:00am PST