Real estate Ponzi scheme bilked investors out of $2M, say prosecutors. A licensed real estate broker who operated a franchise location of EXIT Realty in Philadelphia, New Jersey and Delaware has been indicted for allegedly running a real estate Ponzi scheme that bilked clients out of $2 million.17 Oct 2014
Is real estate an MLM?
Real Estate is an industry. It is regulated at the state level and it requires a state issued license to conduct business. Multilevel marketing is a legitimate business model (not an industry ), and there are plenty of legitimate companies with models that allow for hardworking individuals to make a successful living.
Is Keller Williams MLM?
The terms Keller Williams pyramid scheme, multilevel marketing and Ponzi scheme are all inaccurate. Keller Williams is a full-service real estate company that focuses on helping people buy and sell real estate. There has never been a Keller Williams pyramid scheme.