In today’s episode 211, we visit with Robert Fitzpatrick, author of Ponzinomics: The Untold Story of Multi-Level Marketing, an in-depth look at the history of multi-level marketing and how the lack of regulation has ruined many lives.
Hannah Martin, UK-based Consumer Activist and Educator and Co-Founder of Talented Ladies Club, says “Ponzinomics is essential reading for anyone who wants to truly understand the MLM industry – where it originated, why it’s not treated as illegal and how it works (or rather, why it doesn’t work for over 99% of participants).”
Authors, financial researchers, attorneys and policy advisors say the book is one of the most comprehensive looks at an industry that has made some people at the top of every pyramid very rich and many others who participate nothing more than financial losers. One reviewer calls the book “A cogent exposé of the pervasive and damaging presence of MLM in the American and, increasingly, world economy. A must read not only for those interested in the specific nature of MLM, but also for anyone who cares to understand what moves us and how we are governed.”