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A comment on BitConnect Closes Exchange as States Warn of Unregulated Sales. Parent comment

Re:BitConnect Closes Exchange as States Warn of Unregulated ... by dmix on Tuesday January 16, 2018 @10:07PM (#16165142)
There are plenty of large long-running "pyramid" structured marketing companies that are totally legal though. Just because it's a pyramid scheme doesn't mean it's a ponzi scheme nor automatically imply that it's exploiting people.

Just wanted to make that distinction. Not commenting on BitConnect directly.

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Re:BitConnect Closes Exchange as States Warn of Unregulated ... by spookthesunset on Wednesday January 17, 2018 @12:25AM (#16165690)
> Just wanted to make that distinction.

Useless pedantry. A scam is a scam no matter what you call it. Getting caught up deep in terminology is a great way to for shysters to obfuscate any wrongdoing. These "business structures" are all part of the broader category called "things that are a scam".

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Re:BitConnect Closes Exchange as States Warn of Unregulated ... by TeMPOraL on Wednesday January 17, 2018 @04:33AM (#16166644)
I think GP tried to make the point that not every pyramid-shaped scam is illegal.
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Re:BitConnect Closes Exchange as States Warn of Unregulated ... by tomclive on Wednesday January 17, 2018 @05:02AM (#16166769)
Herbalife just escaped being labelled a pyramid scheme a couple of years ago and seems to hover around the edges of legality: https://www.theguardian.com/business/2016/jul/15/herbalife-f...
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Re:BitConnect Closes Exchange as States Warn of Unregulated ... by sillysaurus3 on Tuesday January 16, 2018 @10:19PM (#16165192)
Yep. https://www.youtube.com/watch?v=s6MwGeOm8iI
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Re:BitConnect Closes Exchange as States Warn of Unregulated ... by saas_co_de on Wednesday January 17, 2018 @08:35AM (#16167727)
Multi-level marketing is perfectly legal if you are selling a real product. If you are selling stock in your business that doesn't actually produce anything except for marketing materials to sell stock then not so much.
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