MLMs prey on the vulnerable, pitching promises as much as their products—and they're as American as apple pie.

How Multi-Level Marketing Became the Perfect American Scam

With a $5,000 loan and some gumption, young entrepreneur Glen W. Turner launched a cosmetics company, Koskot Interplanetary, Inc., in 1967. Soon it was valued at hundreds of millions of dollars. Turner, the son of a dirt-poor South Carolinian sharecropper, would then go on to create 26 more companies, including one offering motivational courses known as “Dare to Be Great.”

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