Illegal pyramid schemes are on the rise during the pandemic - The Washington Post

In the recruitment videos and materials I reviewed, promoters are specifically targeting Black participants, but it's widespread in other communities, too. Personal, church or work relationships are exploited. The schemes involved different groups composed of 15 people divided into four levels: one at the top or center, two on a second level, four on the third, and eight at the bottom. In one version, the incoming eight participants each send $500 — $4,000 total — to the person at the top through PayPal, Venmo or some other cash app.

Comments

Post a Comment

adsT

Popular posts from this blog

100 Legit Direct Sales Companies (Perfect for Moms Who Want to Work from Home!) - MoneyPantry

Image
If you're on the hunt for a list of direct sales companies, then this is the post for you. Having your own business is something that many people dream about. Imagine getting paid to sell everything from makeup to health and fitness supplements? A lot of people would love to start making money selling stuff from home. But, where do you even start? From designing products to getting them manufactured to finding a place to actually sell stuff, selling your own line of products can actually be really tough. That's why direct sales companies, or multi-level marketing (MLM) companies as they are also often known, are an option that many people consider. Need Easy Extra $300+/Month for Free? KashKick : Get paid directly into your PayPal for watching videos, surfing, shopping and more. Join KashKick Now! InboxDollars : Paid over $57 Million to members to watch videos, take surveys, shop and more. Get $5 instantly! Earn Haus : Earn up to $25 per survey. Plus same-day payment...
Read more

MLM companies in Utah: Why there are so many, links to LDS Church - Salt Lake Tribune

Image
Driving along Interstate 15, there are many indicators of Utah's status as the unofficial capital for multilevel marketing — from multiple headquarters in Utah County to billboards to Young Living's lavender farm in Juab County. With more MLM businesses — or, as the industry and many economists call them, direct selling companies — per capita than any other state, Utah has become the "global hub" for that line of work, according to research from the University of Utah's Kem C. Gardner Policy Institute. The MLM model often is touted to prospective sellers as a way to make money while working from home or on a flexible schedule. However, as the Federal Trade Commission wrote in a July 2022 article, "most people who join legitimate MLMs make little or no money. Some of them lose money." There also are cases, the FTC wrote, in which "people believe they've joined a legitimate MLM, but it turns out to be an illegal pyramid scheme that steals everyth...
Read more