[cogman10]

Usually rich parents.

That said, looks like this guy is actually more of a "self made man" as he started several businesses out of college with moderate success. The first was an alarm company (Spoiler, those are generally MLMs and there's 100 of them). Looks like he was just successful enough at it.

It's not shocking to me that someone who starts an MLM ends up in trouble with the SEC.

[xnx]

> It's not shocking to me that someone who starts an MLM

And it's not shocking that someone from Utah starts an MLM. MLM and other scams seem to be the main industry in Utah.

[rhcom2]

Along with soda shops and cookie companies.

A non-snarky comment is in my experience the LDS church puts a great deal of emphasis on entrepreneurship, wealth, and "excellence in all things" that leads some to do great things and others to shamelessly steal and cheat.

[skippyboxedhero]

Fraud is an essential subcomponent of entrepreneurship. You cannot have one without the other. If I am trying to get you to invest in something, you have to swap cash today for a vague promise about the future.

This does not make it less wrong but fraud is essential.

[lotsofpulp]

Your definition of fraud is nonsense.

> wrongful or criminal deception intended to result in financial or personal gain

There is no reason entrepreneurship has to involve deception.

[terminalshort]

Beats the hell out of the "everybody successful got there by luck and/or being a bad person" attitude around here, that's for damn sure.