Ackman & Congress
Ackman said some pretty strong stuff bordeline libelous IMO; so congress today will be looking into these allegations to see....if there is smoke is there a real fire.
A ponzi scheme is where.....
the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned by the operator.
The question is are the new distributors/franchisees actually customers or part of the organization & in essence then are they just selling to themselves.
Ackman's rant (my words) yesterday did not do much to make his point...IMO; so hope Ackman has better lawyers to make the case.
carlos