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Pyramid Schemes are illegal sales techniques that promise consumers or investors large profits from recruiting others to join the program rather than from any real investment or sale of goods to the public..
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Amway has faced legal troubles in numerous countries outside US, over the years, because of a Pyramid Scheme of the company..
A pyramid scheme is a business model that recruits members via a promise of payments or services for enrolling others into the scheme, rather than supplying investments or sale of products or services.
<h3 class=”definition”>a fraudulent scheme in which people are recruited to make payments to the person who recruited them while expecting to receive payments from the persons they recruit; when the number of new recruits fails to sustain the hierarchical payment structure the scheme collapses with most of the participants losing the money they put in</h3>
A Pyramid Scheme is a business model that recruits members via a promise of payments or services for enrolling others into the scheme, rather than supplying investments or supply of products or services. As the recruiting multiplies, recruiting becomes quickly impossible and most members are unable to make a profit. Such Pyramid Schemes are unsustainable and illegal.
Pyramid Schemes are illegal and very risky ‘get-rich-quick’ schemes that can end up costing you a lot of money. People are deceived into believing that by giving money, they will make more money; however, no wealth has been created, no product has been sold, no investment has been made and no service has been provided.
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