Differences Between Pyramid And Ponzi Schemes
(624 reads) See also ► What current or recent Ponzi Schemes do you know? ► Nigerians lose more than N500 billion to Ponzi schemes
We shall examine the variations between these two fraudulent techniques in this article.
Description of a pyramid scheme A pyramid scheme is a dishonest investment business that makes money by enticing new participants. The program works by guaranteeing participants substantial returns on their money. A payment is necessary for new members, and that money is then passed up the…
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