Why You Can't Ban Pyramid Schemes? Multi Level Marketing (MLM) Explained

What are MLMs, Pyramids, and Ponzi schemes or scams? It’s an interesting question, especially considering the ongoing controversy between YouTubers Sandeep Maheshwari and Vivek Bindra. Let’s step back a little and try to understand what exactly is multi-level marketing, is it legal or illegal, if it’s illegal, how can people still fall for such scams? All this with some interesting and fun examples in this episode of FutureIQ. Books mentioned in the episode: Get rich slowly: https://tapthe.link/GetRichSlowlyBook More videos for you: India’s overpopulation: https://youtu.be/Sjur6Bu30YM India’s wealth distribution: https://youtu.be/z4Qf44Ti338 How internet works: https://youtu.be/LLpGtWpr28I Epic science breakthroughs: https://youtu.be/m2ul_1KYXpA Hope you enjoyed FutureIQ by Navin Kabra and Shrikant Joshi. Do hit us up on Twitter: @ngkabra http://twitter.com/ngkabra @shrikant https://twitter.com/shrikant Listen it on the podcast provider of your choice: https://tapthe.link/FutureIQRSS Watch other episodes of The FutureIQ podcast: https://www.youtube.com/playlist?list=PLAppTB0r5_TaYueZ0adD42Wiw5X-wTE4v Chapters: 00:00 The scam 00:38 Example 01:50 Amway example 03:50 Legality 04:15 The problem 05:08 Pyramid schemes 06:30 Ponzy schemes 10:10 Vivek Bindra and Sandeep Maheshwari controversy 12:00 Another example & more data 13:22 How to not fall for pyramid schemes #futureiq #mlmbusiness #pyramidscheme