What is a Pyramid Scheme and Why is It Illegal?
A pyramid scheme is a fraudulent system of making money that requires participants to recruit new members into a program rather than sell real products or services to people. Pyramid schemes promise participants payment or services primarily for enrolling other people into the scheme, rather than supplying any real investment or sale of products. They are illegal because they are unsustainable, exploit members, and often turn into scams.
09 January, 2024
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