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Deceptichum@quokk.au

One of Australia's biggest MLMs is being described as a 'pyramid scheme' (www.abc.net.au)

submitted 2 weeks ago by Deceptichum@quokk.au to c/australia@quokk.au

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A global multi-level-marketing business that sells expensive water ionisers is shifting its target audience to Aussie tradies, but critics say some of their predatory sales tactics are tantamount to a pyramid scheme.

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[–] TheJesusaurus@sh.itjust.works 16 points 2 weeks ago (1 children)

Am I mistaken than MLM is basically just a rebranded term for pyramid scheme anyway?

MLM and pyramid scheme are synonyms

[–] DragonTypeWyvern@midwest.social 3 points 2 weeks ago

The most blatant pyramid doesn't really sell a product, the con runners are just trying to get people to pay to join it.

MLMs can theoretically function as well as any other form of capitalist grift if the runners are actually interested in just running a direct sales business, but that theoretically is doing a lot of lifting and mostly just functions to give a smokescreen to the conmen.