2 Matching Annotations
  1. Sep 2020
    1. Oral Roberts began teaching prosperity theology in 1947.[4] He explained the laws of faith as a "blessing pact" in which God would return donations "seven fold",[26] promising that donors would receive back from unexpected sources the money they donated to him. Roberts offered to return any donation that did not lead to an equivalent unexpected payment.

      How does this track with the growth of Ponzi schemes and pyramid schemes in the late 1800's and early 1900's?

  2. Sep 2015
    1. Our Member organization has a high turnover rate, which is a common characteristic found in the direct selling industry.

      Perhaps the reason they have a high turnover rate is because only a very few members make anything approaching a sustainable living. Bill Ackman compares Herbalife to another similar company, Vemma, recently sued for fraudulent marketing practices.

      Bill's presentation is here.

      Relative amounts of compensation