If you are told by your friends or coworkers that MLM is a pyramid scheme, kindly ask them what a pyramid scheme is. I did a little research on this and I found a very interesting quote on the Securities and Exchange Commission website. The SEC is the organization that oversees the stock market, accounting field, and auditing. Here is the statement: “The fraudsters behind a pyramid scheme may go to great lengths to make the program look like a legitimate multi-level marketing program�.
The SEC does not hold a blanket opinion on MLM, but it does recognize there are legitimate MLM companies. What a wonderful revelation! By the way, Berkshire Hathaway owns the Pampered Chef, so even Warren Buffett doesn’t listen to the likes of the forum poster.
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