My father recently joined a cryptocurrency MLM (multi-level marketing) and recruited me into this lucrative scheme, where I ultimately invested $100,000. How it works is that the person who recruits you gets 20% of the profits you earn, then 15%, 10%, 5% and so forth.
There’s three of us kids and our mother. The problem is that he structured the account rewards in a way that he, mom and my two siblings reap the 20%, 15%, 10%, 5% and so forth — yet I’m the one who financed everything. I feel that it’s unfair the way he set it up, and would have preferred my children to be downstream to my account so they can get those benefits. To give you an estimate, a 20% account earns $100 per day for about two years.
I must admit I didn’t realize that’s how the MLM worked, or that I was even joining an MLM. That’s not how he phrased it when he coerced and highly encouraged me to put in this amount. I simply trusted my father to act in my best interests. He chose to keep several aspects of this investment opportunity secret because he must have known I would have rather put my husband and kids first.
What hurts is that out of all of my siblings, I have helped my parents out in many ways. I have been generous with my time and money, yet this is the way I’m being repaid. I have told them to refund those “rewards” and now no one’s talking to me or my family, and they’re demanding an apology for my being greedy to ask for that money.
He says I should…