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A couple of weeks ago we published an article that outlined the identifying features of pyramid and ponzi schemes. Their spread has unfortunately continued and it is very concerning. Many of you may have seen a number of get-rich-quick schemes being forwarded on WhatsApp or being advertised on social media. Some of them are even hosting whole presentations to attract prospects. They include names like Elamant, Pay 200 to Delroy, "Crowd Funding", and Crowd1. These organizations and individuals that are saying that they can make you money while you sleep simply by joining (be it free or paying a fee) aren't being honest. Any individual or organization that is enlisting you to enlist others should rouse your suspicion. There is no way that the thousands of members joining on referrals are going to make the money they have advertised. It is most certainly going to benefit the very few at the top. Even if the operation is small, there are still concerns becaus...

Eliza Briscoe was told that all she had to do was put up $500 and bring in two additional people who would each contribute the same amount of money. In a little more than four weeks, she would get $4,000 in return. Like so many others being recruited for a "sou-sou," Briscoe was nearly duped into a pyramid scheme. It's hard not to be sold on the altruistic and cultural backstory of the sou-sou, also known as "Susu," "blessing loom" or "gifting circle." Promoters pitch the sou-sou as a common practice among Caribbean and African immigrants as a way to help their businesses grow. Briscoe was told she would be helping other Black folks, some of whom may have lost their jobs because of the coronavirus. "It seemed like it was legal," said the Maryland resident, who reached out to me as part of her due diligence research. "I didn't want to bring anybody in unless I knew for sure, because I didn't want anybody to lose their mo...

A pyramid scheme is an illegal financial scam masquerading as a legitimate business. Pyramid schemes are similar to Ponzi schemes and multi-level marketing (MLM) companies, but there are important distinctions among these three structures. What are the telltale signs of a pyramid scheme? Here's a look at how pyramid schemes work, and how to tell them apart from an MLM or a Ponzi scheme. What Is a Pyramid Scheme? A pyramid scheme is a scam where a so-called marketing company promises to help you earn big profits in exchange for recruiting new participants into the scheme. On the surface, a pyramid scheme appears to be a legitimate company selling products or services, but the core goal is always to grow the number of participants in the scheme rather than grow product sales. New participants are typically referred to as investors, salespeople, agents or distributors, or some variation on these titles. In a legitimate business or an MLM, salespeople are compensated for sell...

By Sophia Dourou (November 29, 2022, 4:32 PM GMT) -- A prosecutor accused a former Premier League soccer player on Tuesday of duping friends and family into investing £15 million ($18 million) in a foreign currency pyramid scheme, as the first day of his London trial got underway....

Martin Marietta Materials Inc (MLM) is the highest overall rated company in the Building Materials industry with an overall score of 65. MLM is down -19.33% so far this year after the company closed yesterday at $342.84. The overall score measures the company's performance based-off both short and long term indicators and means that MLM scores better than 65% of the overall market. MLM has an Overall Score of 65. Find out what this means to you and get the rest of the rankings on MLM!

During the height of another Covid lockdown in November 2021, Rachel, who asked to use her first-name only, joined Arbonne—a multi-level marketing company, or MLM, that sells beauty and wellness products like face serums and protein shakes.  The mother of three, who was caring for her five- and three-year-old and her one-year-old baby, had been using Arbonne products for seven years and was a big fan of them. When she got a promo code to sign up as a sales consultant for free—something that usually costs at least US $49—she thought, Why not? The 31-year-old Mississauga, Ont. resident had extended her maternity leave and wasn't getting paid, so decided to take the plunge into sales in hopes of earning some cash.  "Being on mat leave and socially isolated, it was actually nice to have a way to connect with the community," she says. She sold most of her products through her existing network, and was also able to connect with other Arbonne ...

With the internet being a big boon for us, it is no surprise that it is the best place to kick start a new side hustle too. Image Credit: Shutterstock If being faced with a situation wherein you see yourself not earning as much for the unforeseeable future, here are a few simple-yet-practical ways to pocket a few extra bucks, all whilst staying in the comfort of your own home. With the internet being a big boon for us; from allowing us to shop groceries and takeaways, to providing virtual events and the means to stay connected with our loved ones. So it is no surprise that it is the best place to kick start a new side hustle too. Here are top 11 ways to make money online in this dire day and age. ...

Image © Adobe Images It is not a secret that the Forex market is risky to put your money in. After all, you're betting on the movement of two different currencies again each other. But even with this risk, there are always a lot of opportunities to make money in this market. And there are also scams waiting for your mistake to take the money you invest. Is Forex a scam, how to avoid scams, and what to do when scammed out of money? In this article, we are going to discuss these points. What is a Forex Scam? Forex scams are schemes that scammers use to cheat Forex traders by promising a trading system that will allow them to earn high profits quickly. However, this is not always the case, but you should do your research before investing any money in an online trading platform. Check the list of fake trading websites to be aware of first. Common Forex Trading Scams Let's go through 3 common forex trading scams. 1. Robot scams A forex robot is a programm...

Top Earner Strategy reveals the secret to lead generation online and boosting business prospects. Top Earner Strategy reveals how to get free leads for life and build a dream business with the secret Top Earner System. Subscribers can get an unlimited amount of fresh prospects daily and become top earners in the network marketing business. "If you are struggling to build the dream business you were promised when you first got started, you are not at fault," says the spokesperson for Top Earner System. "It is common to get misled in network marketing. We can provide you with a real solution to grow your business marketing and create the future you and your family deserve." The biggest lie that is sold to network marketers is that MLM is their business. They are merely the sales representatives or reps of the company. Another major misleading claim made is that everyone is a prospect. This is a lie, as you can generate business only from a target market. Dropping link...

Albania is a spectacularly beautiful but very unlucky country. In the turbulent times after WW2 it fell under the control of Enver Hoxha,   a Stalinist dictator who maintained a paranoid and terrifying regime for four decades, executing anyone who might challenge his authority. Some 38 priests were martyred, and anyone caught trying to flee the country was shot dead. When Hoxha died, Albania was desperately poor and totally isolated from the rest of the world. In 1992, the country morphed itself into a democracy, but change has been pitifully slow. Changes of government have replaced one corrupt entity with another. A Ponzi pyramid scheme in 1997 beggared a large proportion of the population, leading to mass demonstrations and a civil war where more than 2,000 people lost their lives.   (The availability of arms from this war fuelled the conflict in Kosovo,   leading to the 1999 NATO intervention.) It is against this background that Albanians have been tr...