The Start-Up Banter podcast series kicks off with an episode about the difference between Network Marketing and Pyramid/Ponzi Schemes in the South African history books. With the recent money stokvel Vryheid ponzi scheme scandal rocking the country, and the current rise of Longrich as a network marketing venture – we thought that we should provide with some Ponzi Schemes in South African history.
We have also provided a basic model that some ponzi schemes use to disguise present themselves as network marketing enterprises:
We will also be providing you with the full episode. In the meantime, like and subscribe to our Youtube channel.