Profile: 710ab5fc...
nostr:npub1anjyp7ulxud3zl4kcq2nynev7zrancsjvax3y5ek54v0ap272clq8xvegv WHEN an MLM is an investment scam, then it is a pyramid scheme... An MLM that is not an investment scam is not... this isnt complicated.
nostr:npub1kpwlxpzkxfmuxjmzc2wp3rf9vjg0sgydmlhsnrgqr3maf59h86qqdxxzz4 maybe in the USA?
I'm not talking about the USA, Genius
nostr:npub1anjyp7ulxud3zl4kcq2nynev7zrancsjvax3y5ek54v0ap272clq8xvegv It is virtually word for word what I said... a scheme where the primary source of money is getting new tiers of investors rather than selling a product.... read the law you posted again nearly exactly what I said:
that, to many participants in the scheme, constitutes primarily an opportunity to buy or sell an investment opportunity, whether personally or through an agent, rather than an opportunity to buy or supply goods or services; and
nostr:npub1kpwlxpzkxfmuxjmzc2wp3rf9vjg0sgydmlhsnrgqr3maf59h86qqdxxzz4 MLMs are investment scams, no different to Pyramid scams. The products are immaterial compared to recruitment rewards.
You can Google this
nostr:npub1anjyp7ulxud3zl4kcq2nynev7zrancsjvax3y5ek54v0ap272clq8xvegv Why are you calling me dumb and then linking to legislation that **Exactly** agrees with what I just said... I quote from the link you just gave:
that, to many participants in the scheme, constitutes primarily an opportunity to buy or sell an investment opportunity, whether personally or through an agent, rather than an opportunity to buy or supply goods or services; and
nostr:npub1kpwlxpzkxfmuxjmzc2wp3rf9vjg0sgydmlhsnrgqr3maf59h86qqdxxzz4 it doesn't agree with what you said
Stuff are misinforming people about Pyramid schemes: incorrectly claiming they are "legal"
The Fair Trading Act notes Pyramid schemes are illegal "whether or not they provide a product or service, or both"