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A Pyramid Scheme is a money-making strategy. Its formation looks like a pyramid structure. First, the investors keep promoting the business and recruiting new investors in bulk.

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Albert Stark

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3y ago

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Wiki User

13y ago

a pyramid scheme is used to scam people out of money. if you are at the top of the pyramid you will earn the most money and the lowest spots on the pyramid will earn the lowest, but everyone can end up in jail because it is illegal.

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What is eadgear.com. Is it a pyramid scheme?

Yes. It is pyramid scheme.


How do you pyramid in a sentence?

The Egyptians built the pyramids. A pyramid scheme is a financial scam. The boy used blocks to build a pyramid shape.


What is the pyramid with people called?

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What happens to investors who have gained in pyramid scheme?

Those people who invested in a pyramid scheme and got out successfully before it crashed got lucky. That's all. The goal of the starter of the pyramid scheme is for those who get paid will re-invest their earnings hoping for the earnings to compound. This will keep the pyramid alive longer.


Would any Company being a member of the Direct Selling Association be considered a pyramid scheme?

It should be regarded as most likely to be an MLM or pyramid scheme.


Is Prepaid Legal a pyramid scheme?

No, Prepaid Legal is not considered a pyramid scheme. It is a legitimate company that offers legal services through a prepaid membership model.


Is Lia Sophia jewelry a pyramid scheme?

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What is the cash gifting program?

A cash gifting program is like a pyramid scheme. A pyramid scheme is a business model that promises participants payment for enrolling other people in the business.