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RE: Can My Opportunity Still Be A Scam or Ponzi Scheme If There Is A Product and I'm Making Money?

in #bitcoin7 years ago

After much hessitation I joined a MLM travel website while in college. A good friend of mine was making a little money via commission with them and being 'groomed' by a second tier prodigy.
3 weeks after I signed up and bought the sales package, the company was bought out by a bigger travel firm that liked this MLM business's website name and layout. I got no money back and the sales materials went into the dumster.

Were they selling real product? Yes, trips were being booked and taken. But the real profiters were those that entered 2 or 3 layers earlier! 😐

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@em3 yeah this industry is very shady and this type of thing happens more than people are aware of. Companies in this space all the time are getting acquired and the new company's goal is to use that database of buyers to drum out even more money from them regardless if past obligations were honored or not.