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内容由Earmark LLC, Greg Kyte, and Caleb Newquist提供。所有播客内容(包括剧集、图形和播客描述)均由 Earmark LLC, Greg Kyte, and Caleb Newquist 或其播客平台合作伙伴直接上传和提供。如果您认为有人在未经您许可的情况下使用您的受版权保护的作品,您可以按照此处概述的流程进行操作https://zh.player.fm/legal
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Pyramid Schemes: How to Lose Friends and Alienate Money

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Manage episode 429309039 series 2991812
内容由Earmark LLC, Greg Kyte, and Caleb Newquist提供。所有播客内容(包括剧集、图形和播客描述)均由 Earmark LLC, Greg Kyte, and Caleb Newquist 或其播客平台合作伙伴直接上传和提供。如果您认为有人在未经您许可的情况下使用您的受版权保护的作品,您可以按照此处概述的流程进行操作https://zh.player.fm/legal

You’ve probably heard of pyramid schemes, but are you confident that you know what it is? And if you are, do you know the difference between them and multi-level marketing companies? Or Ponzi schemes? In this episode, Caleb and Greg discuss all that and more about one of the simplest and most common frauds around.

Sponsors
MakersHub- https://ohmyfraud.promo/makershub
RightRev - https://ohmyfraud.promo/rightrev
Bean - https://ohmyfraud.promo/bean


  • (00:00) - Introduction to Pyramid Schemes
  • (01:01) - Welcome to Oh My Fraud
  • (02:00) - Caleb's Personal Experiences with MLMs
  • (07:32) - Understanding Pyramid Schemes
  • (09:45) - Ponzi Schemes Explained
  • (17:12) - Multi-Level Marketing Companies
  • (22:10) - NuSkin: A Case Study
  • (30:11) - Introduction to Blessings in No Time
  • (34:24) - Personal Experience with a Pyramid Scheme
  • (51:40) - Conclusion and Takeaways

HOW TO EARN FREE CPE

In less than 10 minutes, you can earn 1 hour of NASBA-approved accounting CPE after listening to this episode. Download our mobile app, sign up, and look for the Oh My Fraud channel. Register for the course, complete a short quiz, and get your CPE certificate.

Download the app:

Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728
Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.app

Questions? Need help? Email support@earmarkcpe.com.

CONNECT WITH THE HOSTS

Greg Kyte, CPA
Twitter: https://twitter.com/gregkyte
LinkedIn: https://www.linkedin.com/in/gregkyte/

Caleb Newquist
Twitter: https://twitter.com/cnewquist
LinkedIn: https://www.linkedin.com/in/calebnewquist/

Email us at ohmyfraud@earmarkcpe.com

Sources:
The history of pyramid schemes and their evolution over time — Medium

Pyramid scheme — Wikipedia

MLMs vs. Pyramid Schemes: One Is Legal, But the Other Could Land You in Prison — Coolidge Law Firm

The Case (for and) against Multi-level Marketing — FTC

Get-Rich-Quick Profiteers Love Mitt Romney, and He Loves Them Back — Mother Jones

Couple Charged for Operating Multimillion-Dollar Pyramid Scheme — DOJ

Bernie Madoff and how to identify a Ponzi scheme. — Metis Ireland

Tupperware once changed women's lives. Now it struggles to survive — NPR

What Is Multi-Level Marketing? — Forbes

Don’t Fall Victim to the False Promises of MLMs. - The Daily Utah Chronicle

Prosper DJ, wife ordered to pay $10.7 million for pyramid scheme targeting black investors — Dallas Morning News

  continue reading

70集单集

Artwork
icon分享
 
Manage episode 429309039 series 2991812
内容由Earmark LLC, Greg Kyte, and Caleb Newquist提供。所有播客内容(包括剧集、图形和播客描述)均由 Earmark LLC, Greg Kyte, and Caleb Newquist 或其播客平台合作伙伴直接上传和提供。如果您认为有人在未经您许可的情况下使用您的受版权保护的作品,您可以按照此处概述的流程进行操作https://zh.player.fm/legal

You’ve probably heard of pyramid schemes, but are you confident that you know what it is? And if you are, do you know the difference between them and multi-level marketing companies? Or Ponzi schemes? In this episode, Caleb and Greg discuss all that and more about one of the simplest and most common frauds around.

Sponsors
MakersHub- https://ohmyfraud.promo/makershub
RightRev - https://ohmyfraud.promo/rightrev
Bean - https://ohmyfraud.promo/bean


  • (00:00) - Introduction to Pyramid Schemes
  • (01:01) - Welcome to Oh My Fraud
  • (02:00) - Caleb's Personal Experiences with MLMs
  • (07:32) - Understanding Pyramid Schemes
  • (09:45) - Ponzi Schemes Explained
  • (17:12) - Multi-Level Marketing Companies
  • (22:10) - NuSkin: A Case Study
  • (30:11) - Introduction to Blessings in No Time
  • (34:24) - Personal Experience with a Pyramid Scheme
  • (51:40) - Conclusion and Takeaways

HOW TO EARN FREE CPE

In less than 10 minutes, you can earn 1 hour of NASBA-approved accounting CPE after listening to this episode. Download our mobile app, sign up, and look for the Oh My Fraud channel. Register for the course, complete a short quiz, and get your CPE certificate.

Download the app:

Apple: https://apps.apple.com/us/app/earmark-cpe/id1562599728
Android: https://play.google.com/store/apps/details?id=com.earmarkcpe.app

Questions? Need help? Email support@earmarkcpe.com.

CONNECT WITH THE HOSTS

Greg Kyte, CPA
Twitter: https://twitter.com/gregkyte
LinkedIn: https://www.linkedin.com/in/gregkyte/

Caleb Newquist
Twitter: https://twitter.com/cnewquist
LinkedIn: https://www.linkedin.com/in/calebnewquist/

Email us at ohmyfraud@earmarkcpe.com

Sources:
The history of pyramid schemes and their evolution over time — Medium

Pyramid scheme — Wikipedia

MLMs vs. Pyramid Schemes: One Is Legal, But the Other Could Land You in Prison — Coolidge Law Firm

The Case (for and) against Multi-level Marketing — FTC

Get-Rich-Quick Profiteers Love Mitt Romney, and He Loves Them Back — Mother Jones

Couple Charged for Operating Multimillion-Dollar Pyramid Scheme — DOJ

Bernie Madoff and how to identify a Ponzi scheme. — Metis Ireland

Tupperware once changed women's lives. Now it struggles to survive — NPR

What Is Multi-Level Marketing? — Forbes

Don’t Fall Victim to the False Promises of MLMs. - The Daily Utah Chronicle

Prosper DJ, wife ordered to pay $10.7 million for pyramid scheme targeting black investors — Dallas Morning News

  continue reading

70集单集

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