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Re:Pyramid schemes causing social harm in China – crackdowns... by panarky on Monday February 05, 2018 @09:12AM (#16308805)
It's a continuum: Ponzi -> Illegal MLM -> Legal MLM -> For-Profit Corporation.

In Ponzis and Illegal MLMs, there's either no product or a sham product to disguise money from new recruits paying off the lineage.

Legal MLMs are legal because there's a more legitimate product that accounts for a larger share of revenue.

But even for-profit corporations that need to grow to survive share some features with the illegal variety, it's just that the real value of their products is a larger portion of their total revenue.

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