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Are MLM (Multi-level marketing) companies legit?

I had a friend have me listen to an hour long presentation. I don't feel quite comfortable with it even though my friend assures me that it's legit and he has been doing it for a while. it feels like one of those Ponzi/pyramid schemes, but what do I know?
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SW-User
They're All ponzi schemes..
if you get in at the beginning you can do great but basically you're going to be stealing from the people below you..