MLM

Amid a crackdown on pyramid schemes and the arrests of Shanxinhui management, four government agencies in China have been assigned the task of "resolutely eradicat[ing]" multi-level marketing firms, according to reports by local news sites. The Ministry of Education, Ministry of Public...

The term "multi-level marketer" is nothing new and is certainly familiar to its fair share of criticism and praise from readers. Many supporters believe it's a way to have an autonomous, flexible job that provides a secondary income. Detractors believe it’s simply a pyramid...

Activist investor Bill Ackman believes Herbalife (NYSE: HLF) is a pyramid scheme. He has said so and backed it up with a $1 billion short position. Some Hispanic organizations agree with Ackman’s assessment and have urged state attorney generals to take action against the company. Brent Wilkes...