They all sound the same to me!
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A Ponzi scheme is where you invest money with a fund manager who is supposed to invest the money for you, but instead pays out clients with other clients money. Eventually they will run out.
A Pyramid scheme is conceptually similar to a Ponzi scheme, except that all of the investors are directly taking part and should know what’s going on.
MLM will have an underlying business to it besides just moving money. Usually this involves selling some product. You will pay a fee to someone to become a sales agent, and then you can start selling the company’s products. Also you can sign up additional agents and collect fees from them. With an MLM usually the actual product you’re trying to sell is garbage, and the majority of the money in the business is from joining fees. This makes it very similar to the pyramid scheme but is obscured slightly by the fact that each participant also gets a box of beauty products or similar that they generally fail to sell
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