What is a pyramid scheme?
Q: What is a pyramid scheme?
A: A pyramid scheme is a fraudulent way of making money by promising people payment, services, or ideals for enrolling other people into the scheme or training them to take part without supplying any real investment or sale of products or services to the public.
Q: Can a pyramid scheme continue for a long time?
A: No, a pyramid scheme cannot continue for a long time.
Q: Is a pyramid scheme legal in many countries?
A: No, a pyramid scheme is illegal in many countries.
Q: How long has the pyramid scheme existed?
A: The pyramid scheme has existed for at least a century.
Q: Is multilevel marketing (MLM) another name for pyramid scheme?
A: Some people believe that multilevel marketing (MLM) is also a pyramid scheme.
Q: What is the main objective of a pyramid scheme?
A: The primary objective of a pyramid scheme is to enroll more people into the scheme or train them to take part in it.
Q: Does a pyramid scheme involve the sale of products or services to the public?
A: No, a pyramid scheme does not involve the sale of products or services to the public.
