A pyramid scheme is a business model which, rather than earning money (or providing returns on investments) by sale of legitimate products to an end consumer...
40 KB (4,361 words) - 17:10, 31 May 2025
Multi-level marketing (redirect from Pyramid selling)
traditional pyramid scheme, including in China. In jurisdictions where MLM companies have not been made illegal, many illegal pyramid schemes attempt to...
49 KB (5,263 words) - 20:46, 9 June 2025
Albania was in large part triggered by the failure of multiple pyramid schemes. These schemes, which grew to an unprecedented scale relative to the country's...
7 KB (718 words) - 13:45, 9 June 2025
investments. Caritas (Ponzi scheme) Lyonya Golubkov Pyramid schemes in Albania The PyraMMMid Stock Generation, yet another financial scheme by Mavrodi, calling...
21 KB (1,892 words) - 05:57, 21 May 2025
these schemes from Ponzi schemes: In a Ponzi scheme, the schemer acts as a "hub" for the victims, interacting with all of them directly. In a pyramid scheme...
32 KB (4,062 words) - 15:59, 25 May 2025
Bitcoin (redirect from Bitcoin Ponzi scheme and pyramid scheme concerns)
Retrieved 22 November 2023. "This Billionaire Just Called Bitcoin a 'Pyramid Scheme'". Fortune. Archived from the original on 24 September 2017. Retrieved...
111 KB (9,214 words) - 03:58, 13 June 2025
The Bosnian pyramid claims are pseudoarchaeological theories put forward to explain the formation of a cluster of natural hills in the area of Visoko...
33 KB (3,649 words) - 03:02, 3 April 2025
Airplane game (category Pyramid and Ponzi schemes)
The airplane game, also known as the plane game, is a style of pyramid scheme first recorded in the 1980s in North America and later Western Europe. The...
7 KB (617 words) - 03:37, 9 May 2025
Vemma (section Italian pyramid scheme accusations)
in 2015 by the FTC for engaging in deceptive practices and being a pyramid scheme. The company, based in Tempe, Arizona, was founded in 2004 by Benson...
27 KB (2,498 words) - 04:45, 25 December 2024
Xiao Hua Gong (section Pyramid scheme)
Chinese-Canadian businessman and politician, former theatre director, and former pyramid scheme operator. Gong served as Deputy Director of the China Council for the...
15 KB (1,372 words) - 11:23, 3 June 2025
Direct Selling Association (section Pyramid schemes)
other agencies to classify companies as pyramid schemes and to investigate whether MLMs are pyramid schemes. The amendment would have disbarred the Treasury...
15 KB (1,185 words) - 01:34, 11 November 2024
Amway (section Pyramid scheme allegations)
institutions such as the US Federal Trade Commission (FTC) for alleged pyramid scheme practices. The company has paid tens of millions of dollars to settle...
112 KB (10,493 words) - 19:56, 29 May 2025
Washington State Attorney General in January 2019 accused LuLaRoe of being a pyramid scheme. LuLaRoe was incorporated on May 1, 2013. The company's name was derived...
25 KB (2,413 words) - 08:04, 23 January 2025
BurnLounge (section FTC pyramid scheme lawsuit)
company was sued by the Federal Trade Commission for being an illegal pyramid scheme. The company lost the suit in 2012, and lost appeal in June 2014. In...
13 KB (1,130 words) - 08:08, 12 April 2025
a multi-level marketing scam called BigCoin. In 2014, she founded a pyramid scheme called OneCoin. Inspired by the success of Bitcoin, she claimed that...
29 KB (2,417 words) - 13:27, 15 June 2025
maker of weight-loss and vitamin supplements, calling the company a "pyramid scheme". A few months after Ackman's initial comments, billionaire investor...
76 KB (6,315 words) - 00:42, 12 June 2025
business model of Forever Living's distribution system to that of a pyramid scheme. In 1983, the company was named No. 6 on Inc. Magazine's annual Inc...
19 KB (1,544 words) - 15:32, 4 April 2025
pyramid scheme". Pittsburgh Post-Gazette. Retrieved 2021-04-21. Singletary, Michelle. "Perspective | Some Black promoters of illegal pyramid schemes are...
7 KB (690 words) - 16:40, 10 December 2024
Herbalife (category Pyramid and Ponzi schemes)
supplements. The company has been alleged to have fraudulently operated a pyramid scheme; under an SEC agreement in 2016 the compensation and other benefits...
87 KB (7,421 words) - 11:34, 13 June 2025
OneCoin (category Crypto Ponzi schemes)
Ponzi scheme due to its organisational structure of paying early investors using money obtained from newer ones. It was also a pyramid scheme due to...
43 KB (3,604 words) - 14:51, 31 May 2025
The Direct Sales and Anti-Pyramid Scheme Act 1993 (Malay: Akta Jualan Langsung dan Skim Anti-Piramid 1993), is a Malaysian laws which enacted to provide...
4 KB (178 words) - 20:31, 30 March 2025
Mufareh, and his wife Asmahan Mufareh, accusing the company of being a pyramid scheme, presenting itself as a multi-level marketing organization but having...
13 KB (1,093 words) - 11:09, 3 January 2025
Telexfree mentor is an "expert" in Pyramid Schemes". Veja Abril Magazine. Retrieved December 9, 2013. "Pyramid Scheme Owner promotes Telexfree" (in Portuguese)...
124 KB (14,458 words) - 13:05, 6 June 2025
venture that the New York Attorney General accused of having been a pyramid scheme; Raniere signed a consent order in 1996 in which he denied any wrongdoing...
139 KB (13,279 words) - 04:35, 15 June 2025
Robert L. FitzPatrick (redirect from False Profits: Seeking Financial and Spiritual Deliverance in Multi-Level Marketing and Pyramid Schemes)
writer. He serves as president of Pyramid Scheme Alert, a consumer organization to confront the abuses of pyramid schemes. FitzPatrick was born in Charlotte...
9 KB (696 words) - 20:22, 9 June 2025
programme was a social media pyramid scheme. Tate described the claim that Hustler's University's operated as a pyramid scheme as false. After Hustler's...
200 KB (14,968 words) - 03:57, 15 June 2025
25 "Pyramid Scheme" Peter Rida Michail Caldwell Tanner February 15, 2016 (2016-02-15) 131 1.89 Beast Boy makes lots of money due to a pyramid scheme and...
372 KB (9,950 words) - 08:25, 14 June 2025
Stokvel (section Pyramid schemes)
resembled a traditional stokvel, they considered its structure to be a pyramid scheme in the style of the 1980s US "airplane game". Rotating savings and credit...
7 KB (931 words) - 08:41, 1 July 2023
accused him of using Dogecoin as an unregistered security to operate a pyramid scheme. Meme coins have seen a resurgence following Donald Trump's victory...
22 KB (2,105 words) - 16:17, 3 June 2025
directed by Ted Braun. It investigates the allegation that Herbalife is a pyramid scheme, and follows Bill Ackman's short investment in Herbalife, which is ostensibly...
10 KB (918 words) - 18:15, 22 May 2025