Pyramid Schemes Are Appealing, Common, And Illegal
Pyramid schemes are illegal business practices that take advantage of vulnerable people. They can be appealing to those looking to make additional income, but they're dangerous because those involved earn money by recruiting more people to sell a product, not from product sales itself. Learn how to spot one in the videos below.
What Is A Pyramid Scheme?
They promise easy profits, but you must beware of the "top down" business model.
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How To Spot A Pyramid Scheme
If it makes more money from recruiting salespeople than from selling product, watch out.
from Bloomberg Business
What Is A Ponzi Scheme?
They differ slightly from pyramid schemes, but they are also illegal.