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"
https://www.stuff.co.nz/business/132663928/cost-of-living-pushes-young-people-into-multilevel-marketing-hustles
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@winstonsmith multi-level marketing isnt the same as a pyramid scheme. a pyramid scheme (the thing illegal by law) is something very specific.
@freemo it's the fucking same, MLMs are just Pyramid scams -- with marketing
@winstonsmith No, not even remotely true.
A pyramid scheme doesnt have a product and its sole source of generating money is through recruitiment of an every expanding layer of tiers of investors.
In MLM actual products are bought and sold, and each level may take a cut from whoever they recruited... these are vastly different things even ont he surface.
@freemo the level of dumb needed to assert MLMs are not Pyramid scams is truly a remarkable thing
Read the legislation
@winstonsmith I have many times, and am well aware..
@freemo are you even in Aotearoa New Zealand?
Why try and tell us what laws are on our books? When you clearly have no fucking idea, anyway