Birdwatch Note Rating
2024-12-31 11:48:36 UTC - HELPFUL
Rated by Participant: 0B2B3CCAED4C93AE261994A85E843C5204D4F696CDDEF8959155762CB4A32714
Participant Details
Original Note:
Patrick Bet-David ran an insurance company, PHP, that operated as a multilevel marketing agency (MLM). An MLM has a structure that is similar to a pyramid scheme, though an MLM is technically legal so long as they sell an actual product. https://thespectator.com/topic/inside-unlikely-success-patrick-bet-david/ https://www.localmemphis.com/article/money/business/pyramid-scheme-or-not-a-pyramid-scheme-a-closer-look-at-php-agency-people-helping-people-agency-multi-level-marketing/522-645f3fe7-e97d-4954-a31e-12926e6b73ea
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