Money Matters Episode 116 - Multi Level Marketing and Ponzi Schemes What You Need To Know W/ Anthony Miles

Multilevel marketers take pains to distinguish their businesses (which are legal) from pyramid schemes (which are not). In a pyramid, recruitment is everything. People pay to participate, and are rewarded by finding others willing to pay to join. At some point the supply of new recruits dries up and the pyramid collapses. Today we were joined by CEO and Founder of Miles Development Industries Corporation, Anthony Miles. We discussed Multi-Level Marketing AKA Network Marketing and Ponzi Schemes, and what consumers need to know to protect themselves. Run Away!!!!!!  ... Anthony's Bio :D. Anthony Miles, is an entrepreneur, award-winning researcher, award-winning professor, legal expert witness and best-selling author. Dr. Miles is a nationally known expert in the fields of Entrepreneurship and Marketing. He has appeared in national media outlets for his expertise. ● He is CEO and Founder, of Miles Development Industries Corporation®, a consulting practice and venture capital acquisition firm. ● He is also host and executive producer of Game On Business Talk® Radio Show. ● He was a Visiting Professor. He has presented his research at conferences around the country. Most notably he has presented at the prestigious Stanford University. He was recently invited to Harvard University by the Harvard Business School (HBS).   To learn more about Anthony visit: www.mdicorpventures.com   Personal Finance Cheat Sheet Article:http://www.cheatsheet.com/…/how-schools-can-improve-their-…/ Financial Advisor Magazine Articles: http://www.fa-mag.com/…/advisors-stay-the-course-amid-monda… http://www.fa-mag.com/…/on-it-s-80th-anniversary--advisors-… You can listen live by going to www.kpft.org and clicking on the HD3 tab. You can also listen to this episode and others by podcast at:http://directory.libsyn.com/shows/view/id/moneymatters or www.moneymatterspodcast.com‪#‎KPFT‬ ‪