ED takes a Dig on MLM (Multi-Level Marketing) crypto scams , 4800 crore sized from fraudulent schemes that use a network-marketing / “referral” structure in the context of cryptocurrency to lure people in with promises of high returns, often without any real product or legitimate business. These often overlap with Ponzi and pyramid schemes — meaning earlier participants are paid with money from newer recruits, and the system collapses when recruitment slows | Enquirer Today News

141K views · 3.8K reactions | Who among us hasn’t gotten a Facebook message from an old high school friend telling us about a great new opportunity? Multi-level marketing companies promise to change your life, but not in the direction you want. | Samantha Bee | Facebook