Tag: MLM

Financial MLMs: How to spot the difference between a multi-level marketing scheme and an actual business

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Between rising interest rates, a shaky stock market and the threat of a trade war with the US, it’s no surprise that financial uncertainty has instilled fear in people in recent years. And unfortunately, this financial uncertainty makes people more…[Continue Reading...]

Bangladesh Bank warns against MLM schemes

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Bangladesh Bank has cautioned the public against multi-level marketing (MLM) schemes, highlighting their hallmarks—unrealistically high profits and referral-based commissions—as traits of pyramid or Ponzi schemes that often lead to significant financial losses for investors. The central bank issued the warning…[Continue Reading...]

It’s legal, but is it lucrative? Inside the risky world of multi-level marketing

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Amanda Kirby was an Epicure ambassador for five years. She feels the company's consultants have been left without guidance following its bankruptcy declaration. (Olivia Garrett/CBC) Multi-level marketing is nothing new. From Tupperware to Avon, these commission-based sales positions have been…[Continue Reading...]

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