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Pyramid Scheme
A pyramid scheme is a non-sustainable business model that involves the exchange of money primarily for enrolling other people into the scheme, usually without any product or service being delivered. It has been known to come under many guises. Some famous examples including the massive Albanian Pyramid Schemes of 1996[1] were technically not Pyramid schemes but Ponzi schemes.
Pyramid schemes are illegal in many countries, including the United States,[2] the United Kingdom, France, Canada, Malaysia, Norway, Australia,[3] New Zealand,[4] Nepal,[citation needed] Sri Lanka,[citation needed] and Iran.[citation needed] These types of schemes have existed for at least a century.
Pyramid scheme
Overlawyered reports:
Egypt wants to copyright pyramids, Sphinx
Under the proposed law, backed by Supreme Council of Antiquities chief Zahi Hawass, persons around the world would be forbidden to sphinxbycaviglia...
ACN MLM == Pyramid Scheme
Image via Wikipedia Here is an interesting exchange between Kenneth Woodruff and a unnamed friend, with Kenneth drawing out his friend about ACN...
BurnLounge is a Pyramid Scheme
Image via WikipediaFrom the FTC Press Release about BurnLounge;
"An operator who used deceptive earnings promises to recruit consumers for a multi-level marketing operation that was a pyramid scheme has agreed to settle Federal Trade Commission charges that the operation was illegal and violated federal law...
Pyramid Scheme Alert
Image via WikipediaRobert FitzPatrick writes about a disturbing trend in regulation."Pyramid Scheme Alert, the only consumer group in the world focused directly on pyramid/Ponzi scheme fraud, charges that the Bernard Madoff Ponzi Scheme is the tip of a far wider pattern of pyramids and Ponzis...
Global Wealth Pyramid Scheme
United States Attorney Catherine L. Hanaway announced today a guilty plea by
Andre Mitchell)
"St. Louis, Missouri: Andre Mitchell, former President & Chief Executive Officer of Global Power Global Wealth Enterprises, pled guilty to mail fraud and money laundering charges involving a fraudulent investment scheme...
A new pyramid scheme: United First Financial
Recently, someone on my consumer awareness site Pink Truth asked about United First Financial. I did some quick research and came to the conclusion that it was a typical multi-level marketing scheme… basically a pyramid scheme that relies on the continuous recruitment of new members...
I am looking at a travel club that offers me a website and business materials to start my own business. All I need to get started is $250 and recruit 3 members and I will earn vacations and cash. Is this a true business
Although direct marketing may look like a good way to make money, there's n...
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I am looking at a travel club that offers me a website and business materials to start my own business. All I need to get started is $250 and recruit 3 members and I will earn vacations and cash. Is this a true business
Although direct marketing may look like a good way to make money, there's n...
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