Pyramid schemes are on the rise – but do those who join up deserve prosecution or compensation?

Such an offer would be an example of a pyramid scheme, which is illegal in most countries.

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The ConversationThe Conversation
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https://theconversation.com/pyramid-schemes-are-on-the-rise-but-do-those-who-join-up-deserve-prosecution-or-compensation-201111https://theconversation.com/pyramid-schemes-are-on-the-rise-but-do-those-who-join-up-deserve-prosecution-or-compensation-201111
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Saturday, June 10, 2023
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Tags: 
Confusion, Knowledge, Punishment, Awareness, Research, Life, Friends, Social media, Sound, Cryptocurrency, Private investigator, Life insurance
Geotags: 
AUSTRALIA, UK
Summary
Key Points: 
  • Such an offer would be an example of a pyramid scheme, which is illegal in most countries.
  • On top of the likely financial loss, people who participate in pyramid schemes may also face legal punishment.
  • With the desperation that comes with a turbulent economy, many people may see a pyramid scheme as an opportunity to transform their life.
  • But amid all the confusion and legal complications that surround pyramid schemes, the simple rule to remember is the one money making schemes that sound too good to be true.
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